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? […]
“Goals are like magnets. They’ll attract the things that make them come true.” ~ Tony Robbins It’s the end of 2016 and an all new 2017 stands at your door. While enjoying the holidays with your family is an excellent way to begin the New Year, a little financial planning for the year would do […]
Among the available retirement options, Solo 401(k) plans are worth considering, due to their relatively high contribution limits, flexible investments and the ability to make after-tax Roth contributions. Here are some reasons self-employed business owners should consider Solo 401(k) plans. Higher limits Because the self-employed professional wears the dual hat of the employer as well […]
How do you picture your retirement? Plenty of people are afraid of running out of retirement money later in their lives. Whether you have started saving early or late in life, it is possible to retire comfortably with a proper planning. Our team has put together a short Infographic covering retirement tips to help you […]
What do you fear most for your retirement? A 2015 Bankrate.com survey highlighted running out of money in retirement as the biggest fear of 23% of the Americans. While you may or may not share their fear, it is important to adjust your retirement planning as you age. Our team has put together a small […]
