Think of the self directed Solo 401k plan in this way: you enjoy the control over your life and career as a small business owner and entrepreneur. Why should planning for retirement be any different? The Solo 401k Plan can help you stay financially sound during retirement, while still giving the freedom and control to […]
The Solo 401k Contributions are up in 2013 as a result of the cost-of-living increase and inflation. The IRS announced the Solo 401k Contributions, along with other necessary and timely increases to more than two dozen tax benefits. Solo 401k Contributions Up in 2013 The increase marks the second consecutive year of increase by the […]
Solo 401k plansAre you a Chase customer who wants more 401K options than Chase offers? Good news! You can establish a self-directed Solo 401k plan from Sense Financial that is designed to offer all possible features and benefits allowed under the law. Solo 401k Plans: Chase vs. Sense FinancialMany financial institutions, including […]
The Individual 401 k plan is uniquely designed for small owner-only businesses. It offers powerful features that are not found in conventional IRAs or 401(k)s. As a flexible and tax-efficient retirement plan, it opens up a world of unlimited investment opportunity. Use your Individual 401k to invest in real estate, notes, tax deeds, or tax […]
Clearing the confusion between ROBS and self-directed Solo 401k plans starts by focusing on the “R” in ROBS. The “R” stands for “rollover.” ROBS, or a “rollover as business start-up” plan, allows the plan holder to rollover the account proceeds into capital for a new or existing business. A C-Corporation structure is used for the […]
Many are familiar with a 401k plan. In fact, if you are currently employed, you are may already be contributing to one. Did you know that owning a side business can also give Solo 401k options? Solo 401k options Having one employer may not be enough for an entire family’s expenses. A side business is […]
Self Directed Solo 401k retirement plans provide checkbook control without the use of an LLC or custodian. Understanding the concept of custodian The concept of a custodian comes from the Internal Revenue Code (IRC) Section 408, which is devoted to Individual Retirement Accounts (or “IRAs”). Section 408(a)(2) of the IRC explains that an IRA is […]
“Preparation for old age should begin not later than one’s teens. A life which is empty of purpose until 65 will not suddenly become filled on retirement.” ~ Dwight L. Moody As a real estate investor, you might already have a couple of properties set apart for your retirement. What’s safer than the asset you […]
Among the available retirement options, Solo 401(k) plans are worth considering, due to their relatively high contribution limits, flexible investments and the ability to make after-tax Roth contributions. Here are some reasons self-employed business owners should consider Solo 401(k) plans. Higher limits Because the self-employed professional wears the dual hat of the employer as well […]
“It’s not how much money you make that makes you rich, it’s how you spend it.” —Charles Jaffe With a little bit of research, you will find out that the same piece of wisdom has been coined time and again by several financial experts. While there are multiple factors that define as well as affect […]