I’m in the process of doing a 401k Rollover and have few questions Question: If my 401k Rollover is from a former employer’s 401k plan where the funds were drafted pretax, do I now transfer the funds to the Solo 401k checking or savings account? Does it matter whether it is checking or savings? I […]
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 […]
Sense Financial LLC, the trusted provider of retirement plan individual 401k provides valuable information about an elective deferral option. What is Roth 401k? This is an essential question that must be answered and understood by all account holders of the lucrative individual 401 k plan. Roth 401k is a designated contribution which a participant or […]
Owner Only 401k Plans are retirement plans approved by the IRS for qualified self-employed individuals or those with small scale businesses. Sense Financial LLC is one of the leading providers of this lucrative retirement account, which, when eligibility requisites are satisfied, could offer tons of upsides for the account holder. Moreover, there are no risks when adopting […]
Those of you who are regular readers of mine know that I have dabbled a bit into writing articles – mostly in the area of self directed IRA investors (more specifically, the federal rules and regulations that govern IRAs). My latest attempt at imparting some semblance of wisdom was published recently in a Washington State […]
Most people who want to invest their hard earned money on lucrative financial investments are asking if it is possible to have both individual 401 k loan and continue an employer 401k distribution. The good news is that having the two plans at the same time is definitely possible and allowed. There are no exclusive plan […]