Multiple Solo 401k Plans | SEP and Solo 401k Plan
Thursday, January 10
All solo 401k plans are qualified plans, whether consisting of pretax or Roth after tax contributions, that are treated as retirement plans that offer a tax-favored way to save for retirement. You can deduct contributions made to all pretax solo 401k plans. Contributions and earnings on pretax ...
What is a Personal 401k Plan?
Monday, January 07
A personal 401k plan is another term used to refer to a retirement plan for the self employed. Other common names used to describe a include Solo 401k, Unit K, Single K, One K, self-directed 401k, self directed Solo 401k, Individual 401k and individual k, and Solo 401k plan.For simplicity, th...
Self-Directed 401k Charles Schwab
Sunday, January 06
In this blog posting we teach you how to open self-directed 401k with checkbook control at Charles Schwab. The key to the Schwab self-directed 401k with checkbook control is to engage the services of a solo 401k provider whose solo 401k plan documents allow for the purchase of alternative i...
Use 401k to Finance Real-Estate Business
Sunday, January 06
QUESTION: I currently own my own real-estate management business which sponsors a Solo 401k; however, I now want to invest my Solo 401k funds in the same real estate management business, which is registered as a C-Corporation. Do you know if this is allowed? ANSWER: Good question, but a solo 40...
ROBS 401k Small Business Financing Explained
Sunday, December 02
Real-estate agents, real-estate brokers or any entrepreneur seeking to fund their own new or existing business (e.g., a real estate operating company) using their own retirement funds may be interested in exploring the (ROBS 401k/PSP) vehicle. This blog post covers the pros and cons, the rules...
Self-Directed Solo 401k Loan Facts
Monday, November 26
Unlike a that does not allow the participant to borrow from his or her self-directed IRA, the Solo 401k regulations permit the Solo 401k owner to borrow from his or her . As a matter of fact, both self-directed Solo 401k owners/participants can each borrow from their respective plan funds. ...