Solo 401k Rules Articles: As the plan fiduciary, Solo 401k plan owners need to know their responsibilities and avoid engaging in a prohibited transaction.
All retirement account owners must be familiar with the required minimum distribution (“RMD”) rules applicable to their accounts. These rules require you, in most instances, to take partial distributions from your retirement account when you reach age 70 ½. And, surprise, the rules for Traditional IRAs, Roth IRAs, and 401(k)s differ. In fact, even 401(k)s […]
In its latest cost-of-living adjustments to retirement contributions, the IRS has good news for 401k plan holders, SEP plan participants, and some other profit sharing plans. We decided to put together a simple Infographic to help you catch up. Revised contribution limits for 401k Retirement Plans in 2018 SEP Plan: SEP plans have got a […]
Yes, your IRA can invest in and own bitcoin and other cryptocurrencies. Bitcoin is a form of virtual currency using blockchain technology, and can be exchanged between parties for goods and services, or for dollars. From 2011 to July 2017, the value of Bitcoin has risen from $0.30 per Bitcoin to $2,550 per Bitcoin. As […]
If you don’t have a strong legal or financial understanding, it could be a challenge to establish a Solo 401k plan. Our team has put together a small infographics to help you get started. Infographic: How to establish a Solo 401k plan Plan Documents The first part of the process involves the creation of your […]
Ask any financial expert, dipping into your retirement savings is the last piece of advice you could expect. However, some circumstances require urgent attention and your retirement savings can offer the much needed financial cushion. If you’re an owner-only business or self-employed professional with a Solo 401k plan, the IRS allows you to borrow from […]
How do you picture your retirement? Plenty of people are afraid of running out of retirement money later in their lives. Whether you have started saving early or late in life, it is possible to retire comfortably with a proper planning. Our team has put together a short Infographic covering retirement tips to help you […]
“The difference between ordinary and extraordinary is that little extra.” ~ Jimmy Johnson If you’re a player or sports fan, you understand the importance of ‘extra’ effort. When it comes to your financial lives, that little extra could help you grow your savings exponentially. The good news is that the IRS has announced new Solo […]
If you’re an active real estate investor or have attended several real estate meet-ups to learn more, investing in real estate using your retirement funds must be a familiar topic. Over the past couple of years, self-directed retirement accounts have gained popularity and along with them the news of their alternative investing capacity. As a […]
Investing in real estate using retirement funds is an often discussed topic in real estate events but there is still a lot of confusion about the right way to do it. To make things clear, it does require a certain level of understanding and with the help of professional retirement service providers, you can successfully […]
“A bank is a place that will lend you money if you can prove that you don’t need it.” ~ Bob Hope If you’re a small business owner or sole proprietor, you pretty much understand the essence of Bob Hope’s quote. We all have been there, especially after the economic crisis of 2008. Big banks have […]