Educational Solo 401k Quick Tip Videos from Sense Financial: Watch and learn more about Solo 401k plans in fun and interactive videos
Many people are not aware of the facts that Solo 401k plan owners can wear multiple hats. For a Solo 401k plan, often the plan owner is both the employer and the employee of the business. Hence, the contribution limit is the combination of both salary deferral and profit sharing contributions. The plan owner is also […]
The Solo 401k plan can be managed by a fund manager or custodian, just like a traditional retirement plan. In fact, many plan providers only offer this option. What many plan owners are not aware of is that the self-directed Solo 401 k plan is also available. With this structure, the plan is directed and […]
Adding precious metals such as gold or silver is a great way to safeguard a retirement portfolio. Many plan holders of the Solo 401k have taken advantage of the flexible investment choices to invest in precious metals. The Precious Metals Solo 401k plan is gaining popularity among investors as a safe and secure long-term investment. Solo […]
With a Solo 401k small business account, the plan owner has total control over his or her retirement funds, including what to invest in. Just like traditional 401k accounts, a Solo 401k account can also invest in stocks. The difference is that with a Solo 401k small business account, the self-direct option is available. This […]
If you contribute more than your Solo 401k limit for the year, what to do with the Solo 401k excess contribution? While the Solo 401k plan gives the plan participant a lot of control and flexibility, certain rules and regulations must be followed. One of the rules is the contribution limit, which is set at […]
Investing in real estate is not only possible, but also advantageous with a Real Estate Solo 401k plan. This retirement plan for individuals gives plan owners total control and many benefits to succeed in real estate investments. In this video, we discussed the main Solo 401k advantages that plan owners should know. Advantages of […]
With a Solo 401k for real estate investors, you can invest in real estate properties and other alternative assets. At the time of distribution, you can either liquidate the assets and distribute cash to yourself or you can choose an in-kind distribution. This option allows the plan owners to own and take control of the assets […]
The self-directed 401k for business owners is allowed by the IRS to invest in certain types of precious metals, including gold and silver. Investing in precious metals can be a great way to grow and safeguard your Solo 401k funds. However, before making investments, plan owners need to understand first which types of precious metals […]
Plan owners of the Solo 401k and self-directed IRA have many flexibility and control over their retirement accounts. However, the plan owners need to be aware of prohibited transactions and how that can affect their plan. Watch the latest Solo 401k video to learn more about the types of Solo 401(k) prohibited transactions to avoid […]
What to do if you need to use your Solo 401k funds to pay for your mortgage? Plan owners need to know that they cannot use their Solo 401k funds for personal purposes, but are allowed to borrow from the 401k. Watch this Solo 401k Quick Tip video where Sense Financial explains the how Solo 401k […]