Do you have a 401(k), IRA, or even HSA account(s) currently earning less than spectacular returns? Did you know that you can use IRA real estate, Solo 401k or other self directed accounts to invest in alternative investment vehicles such as real estate? In today’s bull(ish) market, you really should be reviewing your portfolios for asset […]
According to individual k rules, the spouse of the business owner can also participate in the Solo 401k plan, if he or she is also involved in the business. This means that the spouse can also have the right to contribute up to the maximum limit of $53,000 per year. If he or she is […]
Solo 401k retirement plans have gained popularity over the past couple of years on account of their higher contribution limits and vast investment landscape. If you are a small business owner or self-employed individual, it is important to educate yourself about Solo 401k contribution limits and maximize your retirement savings. 3 Questions You Need to […]
With a Solo 401k, plan owners can invest in real estate properties, as long as they don’t live in these properties or benefit from the purchase in any other way. But what if you plan to purchase a retirement home with a Solo 401k? Is it permitted by Individual 401 k rules? According to the IRS, […]
“Recession” is one of the most impactful words that you are likely to hear in your life. Its impact is far beyond the stock market, affecting the employer as well as the employee at several different levels. If you are a small business owner or a self-employed individual, recession could harm you in a similar […]
Small business owners and self-employed professionals are eligible to start a retirement plan much like their employed counterparts. There are plenty of retirement plans for self employed, with Solo 401k, also called self-directed 401k, being the popular ones. Self-directed 401k retirement plan offers higher annual contributions of up to $53,000 along with catch-up contribution of […]
Many investors look into the Solo 401 k Real Estate options to diversify their portfolio and explore potential investment opportunities. With the self directed retirement plan, plan participants can now invest their retirement savings in rental properties, which can provide them with steady passive income. Many plan participants, however, are unsure of the rules and regulations […]
One of the advantages of having a Solo 401k plan for small business is the simplified structure that requires little administrative effort. The plan owner also plays the role of the plan trustee and plan administrator. This gives the plan owner the ability to self-direct their investments, but also gives them certain responsibilities. In order […]
The Solo 401k plan is known for having the one of the highest contribution limits among qualified retirement plan. The contribution limit can change or remain the same each year, depending on the cost of living adjustments. Recently, the IRS announced the Solo 401k limit 2016 based on this year’s statistics and indicators. Breakdown of […]
It is possible to have both an employer-sponsored 401k and a self directed Solo 401k at the same time. Many plan owners would like to perform a Solo 401 k rollover to move funds from their existing retirement plans to their newly created plan. The Solo 401 k rollover can be possible for current 401k account, […]
Discover proven strategies to transform your retirement account into a source of passive income
