2014 Solo 401(k) Plan rules manual will offer a detailed analysis of all the Solo 401(k) plan tax and investment rules
IRA Financial Group, the leading provider of IRS approved Solo 401(k) Plans announces the release of its 2014 Solo 401K plan rules manual which will be provided free to all IRA Financial Group Solo 401(K) plan clients. “The Solo 401(k) rules manual will cover all the tax and investment rules concerning the establishment, maintenance, and administration of a Solo 401(k) Plan,“ stated Susan Glass, a tax professional with the IRA Financial Group.
A Solo 401K Plan, also known as the individual 401k, offers a self employed business owner the ability to use his or her retirement funds to make almost any type of investment, including real estate, tax liens, private businesses, precious metals, and foreign currency on their own without requiring custodian consent tax-free! In addition, a Solo 401K Plan will allow you to make high contribution limits (up to $56,500) as well as borrow up to $50,000 for any purpose.
According to Adam Bergman, a tax attorney with the IRA Financial Group, the 2014 Solo plan rules manual will provide our Solo 401(k) Plan clients with an in-depth analysis of all the current and new tax rules that could impact the tax, investment, and retirement features inherent in a Solo 401(k) Plan. “We believe our updated Solo 401(k) Plan rules manual will prove to be a valuable tool for all our Solo 401(k) Plan clients,“ stated Mr. Bergman.
IRA Financial Group’s Solo 401K plan is unique and so popular because it is designed explicitly for small, owner only business. With IRA Financial Group’s solo 401K plan, self-employed individuals or small business owners with no employees can benefit by making high annual contributions – up to $50,000 – with an additional $5,500 catch-up contribution for those over age 50, make traditional as well as non-traditional investments, such as real estate, as well as borrow up to $50,000 or 50% of their account value tax-free and penalty free. IRA Financial Group’s solo 401(k) plan is a trustee directed plan meaning the trustee and not the custodian is in charge of making investment decisions on behalf of the plan. With a solo 401(k) plan, in most cases the trustee will be the plan participant providing the plan participant with greater control and investment authority over his or her retirement funds. In addition, with IRA Financial Group’s solo 401K Plan, the plan account can be opened at any local bank, including Chase, Wells Fargo, and even Fidelity.
The IRA Financial Group was founded by a group of top law firm tax and ERISA lawyers who have worked at some of the largest law firms in the United States, such as White & Case LLP and Dewey & LeBoeuf LLP.
IRA Financial Group is the market’s leading Solo 401k provider. We have helped thousands of clients take back control over their retirement funds while gaining the ability to invest in almost any type of investment, including real estate tax-free and without custodian consent!