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 ArticleEligibility Rules for a Solo 401(k)
A Solo 401(k) plan is well suited for businesses that either do not employ any employees or employee certain employees that may be excluded from coverage. A Solo 401K plan is perfect for any sole...
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 ArticleDeadlines for Solo 401(k) Contributions
The deadline for making Solo 401K Plan contributions is typically dependent on the type of entity that has adopted the Solo 401K Plan as well as the type of contribution – employee deferral vs. profit...
View ArticleContribution Limits for Your Solo 401(k) for 2014
Under the 2014 Solo 401(k) contribution rules, a plan participant under the age of 50 can make a maximum employee deferral contribution in the amount of $17,500. That amount can be made in pre-tax or...
View ArticleAdvantages of the Self Employed 401k Plan
A Solo 401(k) is perfect for sole proprietors, small businesses and independent contractors such as consultants. A Solo 401(k) Plan can be adopted by any business with no employees other than the...
View ArticleSelf Direct Your Self Employed 401k Plan
A Self-Employed or Solo 401K Plan also called a Self-Directed 401K offers a self employed business owner the ability to use their retirement funds to make almost any type of investment tax-free,...
View ArticleThe True Self-Employed 401k Plan
The IRS approved Self-Employed 401(k) Plan, also called the solo 401(k) Plan has been used by hundreds of thousands of small businesses for over 30 years. However, the scope of options available to...
View ArticleAdvantages of the Self-Directed 401k Plan
A Solo 401K Plan, also called a Self-Directed 401K, offers a self employed business owner the ability to use their retirement funds to make almost any type of investment tax-free, including real...
View ArticleAre You Eligible for a Solo 401(k) Plan?
A Solo 401(k) plan is well suited for businesses that either do not employ any employees or employee certain employees that may be excluded from coverage. A Solo 401K plan is perfect for any sole...
View ArticleContribution Deadlines for Your Solo 401(k)
The deadline for making Solo 401K Plan contributions is typically dependent on the type of entity that has adopted the Solo 401K Plan as well as the type of contribution – employee deferral vs. profit...
View ArticleIRS Announces Higher Annual Solo 401(k) Plan Contribution Limitations for 2015
Self-employed individuals and business owners can defer up to $53,000 and $59,000 if over 50 years old in 2015 According to an Internal Revenue Service (IRS) announcement from October 23, 2014,...
View ArticleWhat is an Individual 401(k) Plan?
A Solo 401K Plan also called an Individual 401K Plan offers a self-employed business owner the ability to use their retirement funds to make almost any type of investment tax-free, including real...
View ArticleAre all Solo 401K Plans the Same?
When it comes to determining what type of 401(k) qualified retirement plan is best for a self-employed individual or small business owner with no employees, it is important to look at all the options...
View ArticleSelf-Directing Your Solo 401k Plan
A Solo 401K Plan also called a Self-Directed 401K offers a self employed business owner the ability to use their retirement funds to make almost any type of investment tax-free, including real estate,...
View ArticleThe 2015 Solo 401k Contribution Limits
Solo 401(K) Contribution Limits To Increase In 2015 Under the 2015 Solo 401(k) contribution rules, a plan participant under the age of 50 can make a maximum employee deferral contribution in the amount...
View ArticleCan I borrow from my Solo 401K Plan any amount that is part of an in-plan...
Internal Revenue Code Section 72(p) and the 2001 EGTRRA rules allow a Solo 401(k) Plan participant to borrow money from the plan tax-free and without penalty. As long as the plan documents allow for it...
View ArticleAn Overview of the Solo 401(k) Plan Roth In-Plan Rollover
For the past few years, plans with designated Roth accounts could allow an individual to roll over an amount from a non-Roth account into the individual’s designated Roth account in the same plan, but...
View ArticleOpen and Fund a Solo 401k by December 31
You have until the end of the year, December 31, to open and fund a Solo 401(k) plan for 2014. A Solo 401(k) offers many advantages for the self-employed individual: Solo 401(k) Advantages A Solo...
View ArticleThe Advantages of a ‘True’ Solo 401k Plan
The IRS approved solo 401(k) Plan has been used by hundreds of thousands of small businesses for over 30 years. However, the scope of options available to Solo 401(k) Plan participants is determined...
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