Personal finance is a matter of extreme importance, yet it is among one the most ignored subjects in the U.S education system. According to a study done by the National Foundation for Credit Counseling in 2013, nearly 40% of the American adults rated themselves a C, D, or F for their understanding of personal finance, […]
Regardless of where you choose to invest, there are two opposite ends of the investing spectrum when it comes to your involvement and required resources. DO-IT-YOURSELF (DIY) Do-it-yourself real estate investing puts all the risk and responsibility squarely on your shoulders. Typically that involves everything from sourcing the property, acquiring it, funding it, renovating it, […]
Investing in real estate and other non-traditional assets is one of the perks of having a Checkbook 401k, or a Solo 401k plan. Plan owners need to keep in mind that for all of the investments, all expenses and income need to go through the Checkbook 401k itself. For example, if you’d like to invest […]
There are less than two months left of 2015. While many of us are looking forward to the holiday seasons, there are year-end matters that also need to be taken care of. For small business owners and self employed individuals, tax planning and finances are probably on their minds. Fortunately, there is still time before […]
“The best investment on Earth is Earth.” Louis Glickman There is no denying the fact that real estate has brought riches to several generations of people and even in the ancestral period, a man was recognized by the size of land he had. The rules haven’t changed much and real estate still remains one of […]
Small business owners and self-employed individuals often find themselves in need of financial support, especially during tough market conditions. The banking institutions have put forward strict lending conditions post the recession, limiting credit availability for small businesses. A tough lending market has promoted other credit options, including Solo 401k loan or Individual 401k loan. Individual […]
Ever thought about becoming the bank as opposed to simply depositing your money with them? If the answer is yes, don’t worry, you’re not alone. The fact is, the majority of us were taught that banks and other financial institutions are where we should put our money. This, however, won’t get us anywhere. Think about […]
The self directed individual 401 k gives plan owners flexibility and control. One of the perks is that plan owners can have a checking account under the Solo 401k plan name. To fund an investment or pay for any investment expenses, plan owner can simply write a check. This is very helpful for real estate investors, […]
“Business is a combination of war and sport.” ~Andre Maurois There are many similarities between both business and war starting with the adrenaline rush, strategic planning, and determining the right time for action. However, the most important of these similarities is the need of financial resources and its limited availability poses much greater challenges in […]
One of the unique advantages of a Solo 401k plan is the plan participant’s ability to contribute both as the employer and the employee of the business. Aside from salary deferral, plan owner can also make Solo 401k profit sharing contributions. Plan owners only need to make sure that their contributions stay within the limit […]
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