How to Avoid Orphan Plan Status
A Solo k plan comes with a unique set of responsibilities. The plan owner/sponsor acts as the fiduciary of the plan, making them responsible towards maintaining the legal structure of the plan. One of the primary issues we come across in the industry is that of orphan plans. What is an orphan plan and how do you keep your Solo 401k from becoming one?
Self Directed IRAs, Prohibited Transactions, and the IRS Statute of Limitations
In the recent case of Thiessen v. Commissioner, 146 T.C. No. 7 (2016), the Tax Court considered how long the IRS has to allege a prohibited transaction against self directed IRAs. In general, the IRS must allege a prohibited transaction against self directed IRAs within three years after the return is filed…
Small Business Legal Checkup:
Is Your Business in Good Shape?
For small businesses, legal matters can have a great influence on the survival and growth of the business. Many business owners neglect to take proper precautions and only realize their mistakes when legal consequences present themselves. More often than not, legal troubles can be avoided simply by taking precautions. Is your business in need of a legal checkup? Here are a few pointers to help you protect your business…
Protect the Your Loved Ones with Life Insurance
Life insurance is a vital part of the overall financial plan. Is your family protected with the life insurance? Do you know if you have enough coverage? Do you know if you are overpaying for your life insurance coverage? Our affiliate website BestTermLife.net has Life Insurance Needs Calculator and allows you to get a quote from top insurance providers at once. Have them compete for your business! Click below now to visit the website!
Wisdom from the Bible
“The point is this: whoever sows sparingly will also reap sparingly, and whoever sows bountifully will also reap bountifully.”
2 Corinthians 9:6
Could You Be the Next Success Story?
Many of our clients started with little knowledge of how a self-directed retirement account can help their investing ventures. This is why our team is here to provide all the support and guidance you need.
Explore the possibility of gaining total control over your retirement funds today, simply pick up the phone and call us at 949-228-9394. Or schedule a free appointment with one of our retirement planning experts:
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Our team at Sense Financial is committed to educating individual investors, professionals and business owners about financial concepts that make sense. We offer live events in Southern and Northern California geared toward self-directed investing. We also offer webinars, so no matter where you are, you can join us and invest in yourself.
If we can be of any service to you, please give us a call or contact us via email. Our team is committed to providing quality service to our clients and investors.
Sense Financial Team
Disclaimer: Sense Financial Services LLC is not a fiduciary and does not provide legal, tax, investment, accounting or other professional advice. If legal, tax, investment, accounting or other expert assistance is needed please use services of competent professional.
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