Roth Solo 401k tax benefits The tax benefits of the Roth Solo 401k combine the advantages of a Solo 401k with a Roth IRA. With the Roth Solo 401k, you can grow, invest, and transfer your retirement funds- all tax-free. A Solo 401k is a traditional 401k that has been simplified […]
Solo 401k provider Sense Financial Award-winning television show 21st Century Business will feature Solo 401k provider Sense Financial Services. The show airs on Fox News, CNBC, and Bloomberg International. 21st Century Business presents an in-depth look into the issues and events in various business industries. Each segment features industry leaders addressing […]
Roth conversions Diversifying tax exposure is an often overlooked aspect of retirement planning. Many focus on saving for retirement; not many focus on structuring for tax diversification. But tax exposure can quickly drain the retirement savings you’ve worked so hard for. Consider Roth conversions to maximize your retirement savings. What is […]
Roth 401k Roth accounts are best known for their tax-free withdrawals. All withdrawals from a Roth account are tax-free if the participant is at least 59 ½ years old and the account has been held for five years. This is advantageous for: Those who expect to be in a higher tax […]
A successful retirement strategy may include the Solo 401k retirement solution. The Solo 401k is an qualified retirement plan for the self-employed and small business owner. Its advantages offer a solution to building and diversifying your savings for the future.The need for a clear retirement strategyA recent study highlighted the need for a clear retirement […]
Roth contributionsThe 401k plan now offers an “in-plan Roth conversion” feature. With this feature, pre-tax contributions can be converted to Roth within the 401k plan. This is an attractive option in light of the potential changes on the tax horizon.The recently passed American Taxpayer Relief Act (ATRA) opened this option. Previously, […]
Self-directed IRAThe self-directed IRA, along with the Checkbook IRA and Solo 401k, can invest in both traditional and non-traditional assets. Participants in these self-directed retirement accounts often invest in a wide range of real estate opportunities, from rental properties to foreclosures to raw land.The full amount of the purchase can come […]
Those with Solo 401k retirement plans or IRAs should be aware of Unrelated Business Taxable Income (UBTI) and how it might affect their investments.What is UBTI?Unrelated Business Taxable Income (UBTI) is a concept defined by the Internal Revenue Code. Its purpose is to ensure fair competition between businesses.The assumption is that businesses with tax-exempt status […]
Solo 401(k) Loan The closure of hundreds of banks over the last few years have ushered in stricter lending practices. Financial institutions are more hesitant to lend money, making it harder for the self-employed and small business owner to obtain loans. With a Solo 401(k) loan, participants can borrow from their […]
Solo 401k plan The Solo 401k Plan is a retirement account that meets the requirements in Section 401 of the Internal Revenue Code. As a qualified plan, the Solo 401k Plan does not require the hiring of a third party (such as bank or trust company) to serve as trustee. You, […]
