Solo 401k Q & A: Answers to questions about the self-directed Solo 401k plan, its rules, regulations, and benefits
Continued from Part I Question: How do I combine retirement funds from the newly formed self-directed Solo 401k with $24,600 and newly formed self-directed Roth IRA of $84,000 held in trust? Answer: The 401k funds will be in the Solo 401k Trust and IRA retirement funds will be held by the custodian. If you choose to, you may […]
I have a few more questions since all my funds are not qualified for solo 401k Rollover. Question: I have Scudder SEP IRA with $14,000, Janus SEP IRA with $9,000 and Teamster Pension $1,600. There is a cost to set up Solo 401k, then combine and put all these into one account. Do I pay the set up fee […]
I have some questions about Solo 401k plan note investing and need some additional guidance. Here are questions I couldn’t find in the knowledge base or were inspired by those that I did find: Question: If I buy notes inside of my Solo 401k and need to enter an agreement to have a 3rd party to […]
Question: I’ve read your information on BiggerPockets and like that your company business model is based on Biblical financial principals. I’m currently trying to educate myself about real estate investing and gathering my assets in the best possible scenario for increasing our chance for financial freedom. I have few questions about Solo 401k. Here is my […]
Question: One of the Solo 401k loan questions from one of our partner we work with and have mutual clients: I have a client who has a 401k loan currently who plans to leave his employer and become self employed. Can he transfer his outstanding loan to a Solo 401k so that it doesn’t become a taxable […]