Does it make sense to borrow from your self-directed Solo 401 k plan?

Monday, September 19

“A bank is a place that will lend you money if you can prove that you don’t need it.” ~ Bob HopeIf 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 ha...


4 Solo 401 k Retirement Plan Mistakes That Could Land You in Trouble

Saturday, September 10

“Mistakes are the portals of discovery.” ~ James JoyceMistakes are undeniably the true predecessors of great discoveries, and making mistakes indicates that you’re trying to better your life. However, some mistakes are costlier than others. For an instance, launching a product that didn’t get the...


Solo 401K Plan Owners: Don’t let your Solo 401k become an orphan plan

Thursday, September 01

When it comes to retirement planning for owner-only businesses and self-employed professionals, Solo 401k plan presents an excellent opportunity to speed up retirement savings. According to the IRS, you can contribute up to $59,000 to a Solo401 k plan in 2016, making it one of the most attractive...


How to Boost Your Real Estate Returns with a Self-Directed IRA

Monday, August 22

Robert Kiyosaki coined a timeless piece of wisdom in the form of this quote:“Most people fail to realize that in life, it’s not how much money you make, it’s how much money you keep.” ~ Robert KiyosakiIt is quite often the case when people make a lot of money but find it difficult to keep it with...


Pretax Solo 401k Contributions vs. Roth Solo 401k

Monday, August 15

"The question isn't at what age I want to retire, it's at what income." ~ George ForemanRetirement is a distressing topic in our country. If you are an active internet user, it is quite likely that you would have come across multiple retirement crisis reports. Our team decided to look into the re...


Small Business 401k Plans: Buying a single-family home

Wednesday, August 03

A majority of qualified retirement plan holders consider adding real estate to their retirement portfolio, starting with single-family homes. Single family homes are easy to maintain, sell or buy, and rent easily against commercial or larger residential units. In addition to offering healthy retu...