Much Better Use of Your Self Directed IRA While custodians that allow investments into “non-traditional” assets are vastly superior to “conventional” custodians, a Checkbook IRA (also known as Self Directed IRA LLC or Real Estate IRA) is a more efficient and effective way to utilize a Self-Directed IRA. Investors ask if Checkbook IRA is necessary for […]
On today’s podcast Ryan had Dmitriy Fomichenko as a guest. Dmitriy is a specialist in Solo 401K’s and we talked all about that and why it is such a great retirement vehicle for you. We also go in depth on the differences between Solo 401Ks and SEP IRAs, as well as life insurance and the […]
If you have funds in a Solo 401k and an IRA and need both plans to fund an investment, is it legally possible to do so? Watch this Solo 401k Quick Tip video to learn how you can structure a joint investment between a Solo 401k and a self directed IRA.
Many Americans keep their wealth, or a large portion of it, in their retirement account. It’s a great way to build your retirement “nest egg” in a tax-deferred vehicle, and if you make wise investment choice, allow your investment returns compound, keeping the money moving, you can reach retirement with millions. It’s been my honor […]
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was enacted on March 27, 2020 to provide short-term financial relief to those who have experienced adverse financial consequences from the current pandemic. The CARES Act includes expanded provisions for Coronavirus-related distributions and participant loans. Solo 401k owners can utilize these expanded provisions under the CARES […]
“If you’re not willing to risk the usual, you will have to settle for the ordinary.” ~ Jim Rohn Many freelance professionals or self-employed individuals would connect with what Jim Rohn said. Working as a freelancer has its own set of challenges and benefits, and judging by the numbers, freelancing is catching up in the […]
“Save your money. You’re going to need twice as much money in your old age as you think.” — Michael Caine If you’re self-employed and trying to boost your retirement savings, Solo 401(k) plans are a potential option. Solo 401(k) plans are qualified retirement plans for self-employed professionals and business owners with no employees other […]
Ask any financial expert, dipping into your retirement savings is the last piece of advice you could expect. However, some circumstances require urgent attention and your retirement savings can offer the much needed financial cushion. If you’re an owner-only business or self-employed professional with a Solo 401k plan, the IRS allows you to borrow from […]
“You can be young without money, but you can’t be old without it.” ~ Tennessee Williams Saving money might not be an attractive idea but it’s definitely a smart one. Your regular annual contributions, even in small amounts, allow you to accumulate substantial retirement savings in the longer run. With that being said, the IRS […]
If you’re a full-time real estate investor, you probably have some properties reserved to fund your retirement. However, if you’re a regular investor trying to diversify your portfolio through real estate investments, you may find it difficult to fund the purchase. What is the best way to gain real estate exposure without additional financial burden? […]
