A Solo 401(k) is perfect for sole proprietors, small businesses and independent contractors such as consultants. A Solo 401(k) Plan can be adopted by any…
The IRS approved solo 401(k) Plan has been used by hundreds of thousands of small businesses for over 30 years. However, the scope of options…
There are a number of significant advantages of establishing a Solo 401K over an IRA. The first major advantage of a 401K or Solo 401K plan over an IRA is in the area of annual contributions.
The tax attorneys at the IRA Financial Group have worked at some of the largest law firms in the United States, including White & Case LLP and Dewey & LeBoeuf LLP making them the the most qualified Solo 401K provider
Thus, as long as the individual has some sort of self-employment business activity that generates self-employment income or has the potential to earn income and that business has no employees other than the owner(s), a solo 401K plan can be adopted by that business
Like a Self Directed IRA LLC, by using a Solo 401K Plan with checkbook control, as trustee of the Solo 401K Plan you can make traditional (stocks, mutual funds, etc) as well as non-traditional investments
The first major advantage of a 401K or Solo 401K plan over an IRA is in the area of annual contributions.
Using a Self Directed 401K Plan, the self-employed individual or small business owner with no employees would be able to protect his or her retirement portfolio from a falling U.S. dollar
The Solo 401K Plan offers a self-employed realtor the greatest retirement, tax, and investment advantages compared to a Traditional IRA, SEP, or SIMPLE IRA
The Solo 401K plan is unique and so popular for sole practitioner attorneys because it is designed explicitly for small, owner only business.