Venture Capital Investments with a Solo 401(k)
The advantage of purchasing venture capital funds with retirement funds is the ability to gain tax advantages, such as tax-deferral or tax-free…
Solo 401(k) And SEP IRA: Can You Have Both at the Same Time?
The simple answer is yes and no, you may contribute to a Solo 401(k) and SEP IRA in the same year. It all depends on the forms you use, which we'll…
Do I need an EIN for my Solo 401(k)?
The Solo 401(k) plan, also known as an Individual 401(k) plan, has quickly become the most popular retirement plan for the self-employed or small…
Is ERISA Testing Required for a Solo 401(k) Plan?
A business owner with no common-law employees, who adopts a Solo 401(k) plan, is generally not required to perform ERISA nondiscrimination testing…
Buy Tax Liens with Your Self-Directed IRA or Solo 401(k)
Few IRA holders realize they can use their retirement account funds to invest in tax liens. When you self-direct your IRA or Solo 401(k) Plan, your…
How to Transfer Your TD Ameritrade Solo 401(k) Plan Tax Free
Over the last several years, many traditional financial institutions and brokerage firms, such as Charles Schwab and TD Ameritrade, have moved away…
401(k) In-House Tax Filing, IRS Reporting, and BOI Reporting
IRA Financial is the only Self-Directed Solo 401(k) provider that offers its 401(k) clients an in-house tax filing, IRS tax reporting, and annual…
Have a Side Hustle? Establish A Solo 401k
Key Points Your side hustle can do more than provide additional income. If you have a side hustle, you become eligible to establish the Solo 401k.…
Beneficiary Forms: Self-Directed IRA & Solo 401(k)
IRA Financial is recognized as the leading facilitator of Self-Directed IRA and Solo 401(k) plans. As a result, we have come across many scenarios…
What is a Solo 401(k) Prohibited Transaction?
The Internal Revenue Code (IRC) & ERISA does not describe what a Solo 401(k) Plan can invest in, only what it cannot invest in. Internal Revenue…