Naming a Trust as Beneficiary of a Solo 401k

Monday, August 05

Naming a Trust as Primary Beneficiary of the Solo 401k Plan While most solo 401k plan owners/participants name their spouse or children as the primary beneficiary or their solo 401k plan, many also name their trust as the beneficiary on the solo 401k beneficiary election form. If the trust is li...


The Same Property Rule for IRAs & Solo 401k Plans

Saturday, June 22

While both cash and assets (e.g., real estate, notes, tax liens, precious metals and equities) may be moved via a 60-day rollover from IRAs and solo 401k plans, the same property rule works differently for each type of retirement account. For IRA to IRA 60-day rollover (this also applies to Roth ...


Make Profit Sharing and Voluntary After-Tax Contributions to Solo 401k

Tuesday, March 26

I have a job with an unrelated employer (a Fortune 500 company) and contributed the maximum employee contribution of 18,500 to that 401k plan. QUESTION:I am also self-employed and My business made ~$286,000 in profit in 2018..I believe I can contribute up to $55,000 to my plan (36,500 as pretax p...


Solo 401k Plan Form 5500-EZ IRS Relief Program

Saturday, March 16

A solo 401k is for owner-only businesses and is not always required to file a Form 5500-EZ: Annual Return of a One-Participant (Owners/Partners and Their Spouses) Retirement Plan or A Foreign Plan.The solo 401k plan must begin filing an annual Form 5500-EZ when the total value of the plan assets ...


Seller Financing Solo 401k Owned Real Estate

Tuesday, March 05

BACKGROUND: I wanted to make sure that I am able to do this following deal.Property in my Solo 401K that I am selling I had it listed for 550K.Offer is 540K, but requires a seller financed second mortgage of 38K at 0%.Am I allowed to hold that second mortgage? After the sale can I sell that seco...


Transfers, Direct Rollovers & Rollovers to a Solo 401k Plan Explained

Saturday, January 26

What are the transfer, direct rollover and rollover differences?TransferA transfer entails moving the assets directly from another eligible retirement plan (e.g., 401k, PSP, DBP, TSP, 457b, etc.) to a solo 401k plan. In a transfer, the check is made payable in the name of the solo 401k plan for t...