What Exactly is a Solo 401(k) Plan?
401k plans are defined in the Internal Revenue Code (Section 401) as retirement savings trusts. A 401(k) Plan is an IRS approved qualified retirement plan. As the name implies, the Solo 401(k) plan is...
View ArticleIRA Financial Group Sees Growing Number of People Using Solo 401(k) Plan Loan...
$50,000 Solo 401(k) plan loan feature being used more frequently to pay off escalating credit card debt IRA Financial Group, the leading provider of solo 401(k) plans for self-employed and small...
View ArticleThe Self-Directed IRA and UBTI Rules
In general, when it comes to using a Self Directed IRA to make investments most investments are exempt from federal income tax. This is because an IRA is exempt from tax pursuant to Internal Revenue...
View ArticleThe Open Architecture Individual 401(k) Retirement Plan Solution for Small...
Individual 401(k) Plan will offer self-employed business owners a self-directed retirement and investment solution with no custodian or third-party fees IRA Financial Group, the leading provider of...
View ArticleHow to Use a Solo 401(k) Loan to Make an Investment
When it comes to using retirement funds, such as a Solo 401K Plan, to make investments, the question arises whether a Solo 401K Plan can utilize a loan as part of the transaction. The IRS has always...
View ArticleAdministering the Solo 401(k) Plan – The IRS Form 5500-EZ
In general, the solo 401(k) plan is easy to operate. There is generally no annual filing requirement unless the fair market value of your solo 401(k) plan asset exceeds $250,000, as of December 31 of...
View ArticleSelf-Directed IRA Real Estate Buyers Using Airbnb to Generate Returns with...
Self-Directed IRA investors using vacation rental websites to generate strong returns. IRA Financial Group, the leading provider of “checkbook control” self-directed IRA LLC solutions, has seen a surge...
View ArticleUsing Your IRA to Buy Real Estate
A Real Estate IRA LLC is generally also referred to as a Self Directed IRA LLC with “Checkbook Control”. A Real Estate IRA LLC or Self-Directed IRA LLC with “Checkbook Control” plan is an IRS and tax...
View ArticleIRS Rules and Guidelines Concerning a Solo 401(k)
The “Solo 401K plan” is an IRS approved type of qualified plan , which is suited for business owners who do not have any employees, other than themselves and perhaps their spouse. The “one-participant...
View ArticleThe Solo 401(k) Loan
A solo 401k loan is permitted at any time using the accumulated balance of the solo 401k as collateral for the loan. A Solo 401(k) participant can borrow up to either $50,000 or 50% of their account...
View ArticleHow to Use a Self-Directed IRA to Buy Notes in 5 Steps
Self-Directed IRA to buy notes is increasingly growing in popularity for many retirement account investors. This type of investment is also known as a Self-Directed IRA hard money loan. What is a Self...
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