Solo 401k Eligibility and Frequently Asked Questions (FAQ)
IRA Financial Group has catalogued frequently asked questions (FAQ) regarding the Solo 401(k) plan including contribution requirements, qualifications, and rules.
Elements of a True Solo 401(k) Plan
IRA Financial offers a true Solo 401(k) retirement plan to our clients. Our plan includes the Solo 401(k) loan feature, a Roth sub-account for after-tax contributions and the ability to establish checkbook control to make all IRS approved investments without custodian consent. The Solo 401(k) The IRS approved Solo 401(k) Plan has been used by […]
Start a Solo 401(k) in 2023
Start a Solo 401(k) in 2023! Do you own a business with no full-time employees, or have self-employment income, like uber driving? Why start a Solo 401(k)?
Start a Solo 401k in 2023
Start a Solo 401k in 2020! Do you own a business with no full-time employees, or have self-employment income, like uber driving? Why start a Solo 401k?
Using 401k Funds to Start a Business
Many entrepreneurs are shocked to learn that the IRS allows you to use your former employer 401(k) funds or even your IRA funds to buy or start a business. Individuals can also use their 401k funds to invest their current businesses. This article will explore how you can use your 401k to fund or invest […]
Solo 401k Investments
Follow these Solo 401k Tips when making investments to stay IRS compliant and make the most out of your investment.
Learn About The Individual 401k Plan
Individual 401(k) Plan, also known as the Solo 401(k) is the ultimate retirement plan for self-employed and small business owners. Gain tax advantages, a penalty-free loan and much more with the Individual 401(k).
How to Set up a Solo 401k Plan
Set up a Solo 401(k) plan today! It’s easy when you work with IRA Financial Group. We’ll assist you in completing your plan documents, opening a bank account for your Solo 401(k) and much more.
How to Transfer a SIMPLE IRA to a Self-Directed IRA
Self-Directed SIMPLE IRA Individuals generally transfer IRA (individual retirement account) or rollover eligible qualified retirement plan assets into a Self-Directed IRA LLC structure. You can also roll over after-tax retirement funds to a Self-Directed SIMPLE IRA. What is the Most Common Way to Fund a Self-Directed SIMPLE IRA? Transfers and rollovers are types of transactions […]
Beginner’s Guide to Solo 401k
If you have interest in establishing a Solo 401(k), you’re most likely self-employed, or someone who makes a portion of your income through self-employment activities. You may also be a small business owner with no full-time employees. If so, you can take advantage of a Solo 401k. But what exactly is a Solo 401k? This […]
