Solo 401k plan owners can make contributions to their Roth Solo 401k account directly or using the in-plan Roth Solo 401k conversion. This allows plan owners to diversify their tax exposure and to earn tax-free returns on their investments. Unlike a Roth IRA, anyone can contribute to a Roth Solo 401k regardless of their income. […]
Most people turn to stocks, bonds and mutual funds when they want to invest for retirement. These assets can be good sources of passive income — but some retirement savers prefer to mix in alternative investments, such as real estate, as well. Solo 401(k) Real Estate plans allow certain investors to do just that. The self-directed plans are designed for […]
Solo 401k plans are among one of the prominent retirement solutions available in the market, especially because of their higher contribution limits and alternative investment options. These plans not only allow a higher contribution limit, but also offer tax-free or tax-deferred growth for your investments. However, the features of Solo 401k plan vary from one […]
Solo 401 k investing rules do not prohibit real estate investment and other alternative assets. Traditional custodians and brokerage firms are often the ones to restrict Solo 401k investments to certain investment products. With a truly self directed Solo 401k plan, however, plan owners are allowed to invest in assets of their choice. Many investors […]
Bargain priced homes do not always make good investment properties. Did you know you can buy a 3 bedroom single family home in Detroit, Michigan for less than the price of a new car they used to manufacture there? $25,000 and it’s yours. Bargain Priced Homes in Depressed Areas The problem with buying in a […]
You attended a seminar on passive income generation with mortgage notes, learning how to enjoy high returns while sitting on your couch, and you are ready for your first purchase. But, hold on. Is this how you make your investment decisions? There is no doubt about the efficacy of mortgage notes, but you must understand […]
At Sense Financial, we have many things to be thankful for this season. We want to thank all our clients, affiliates, partners, family members, friends, and acquaintances for a wonderful year here at Sense Financial. We are sincerely grateful for your support, confidence and trust in our services now and through the years. We look […]
Financial problems are the worst nightmares of small business owners; they eat up valuable business resources and cause setbacks. The best strategy is to act proactively and utilize all the available financial resources. Solo 401k might not be the first word that comes in your mind, but it sure does the job. The IRS allows […]
Mortgage notes attract many investors, especially because notes are backed by real estate and offer higher returns against traditional investments. The IRS allows investing in real estate through Solo 401k plans, allowing average investors to enjoy tax-deferred growth. If you own a Solo 401k retirement plan, diversifying it with mortgage notes is an option […]
As an active trader, Mick Yanoschak always looks for the opportunity to take control of his money, including his retirement savings. With the Checkbook Individual 401 k plan, also known as the Solo 401k, Mick was able to take control of his retirement account and direct all the investments himself. Checkbook Individual 401 k: High […]
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