Why Choose a Solo 401(k) vs. SIMPLE IRA?
A SIMPLE IRA plan is similar to a Solo 401(k) plan in that it is funded by employee deferrals and additional employer contributions. However, unlike a Solo 401(k) Plan, a SIMPLE IRA plan uses an IRA-type trust to hold contributions for each employee, rather than a single plan trust that is typical of a traditional […]
Best Small Business Retirement Plans for 2024
Self-Employed Retirement Plans are plentiful, but the best option for most individuals is the Solo 401(k) or Individual 401(k).
Best Retirement Plans for the Self-Employed
Retirement plans for the self-employed include the Solo 401(k), SEP IRA and SIMPLE IRA. We explain which plan is best for self-employed workers.
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 […]
Small Business Retirement Plans
Retirement Plans for Small Businesses include the Solo 401(k), SEP IRA and SIMPLE IRA. Which retirement plan is best for you and your financial goals? Learn more in the IRA Financial article.
