Archive for September, 2013

Solo 401(k) – Checkbook Control

September 26th, 2013

A Solo 401(k) is perfect for sole proprietors, small businesses and independent contractors. A Solo 401(k) plan is generally also referred to as a “checkbook control” Qualified Retirement Plan. In each case, a 401(k) plan is established whereby the participant serves as trustee and administrator of the Plan providing the participant with “checkbook control” over […]

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How do the withholding tax rules work for Solo 401(k) Plan distributions?

September 24th, 2013

In 1993, Congress passed a mandatory withholding law. The law requires your plan administrator to keep 20% of all qualified plan distributions to pay federal income tax before distributing the remainder to you. There are, however, some exceptions to the mandatory withholding rule. For example, amounts that are transferred directly from the trustee of your […]

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Why Choose a Solo 401(k) Plan Vs. a SIMPLE IRA?

September 19th, 2013

A SIMPLE IRA plan is similar to a Solo 401(k) Plan in that it is funded by employee deferrals and additional employer contributions. However, unlike a Solo 401(k) Plan, a SIMPLE IRA plan uses an IRA-type trust to hold contributions for each employee, rather than a single plan trust that is typical of a traditional […]

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IRA Financial Group Survey Shows 72% of Self-Directed IRA Clients Using Retirement Funds to Buy Real Estate

September 17th, 2013

Real estate investments are the most popular investment of choice for IRA Financial Group self-directed IRA clients IRA Financial Group, the leading provider of “checkbook control” self-directed IRA and Solo 401(k) Plans announces the result of its survey which examined the investments being made by over 6,000 of its Self-Directed IRA and Solo 401(k) Plan […]

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Solo 401(k) Annual Contribution Calculator Tool for 2013

September 13th, 2013

Newly designed Solo 401(k) plan contribution calculator will allow individuals to calculate their maximum solo 401(k) plan annual capital contributions for 2013 IRA Financial Group, the leading facilitator of self-directed solo 401K Plans, announces the introduction of its newly designed online Solo 401(k) annual contribution calculator for the 2013 taxable year. The newly deigned online […]

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What Real Estate Transactions Might be Subject to UBTI?

September 11th, 2013

In Mauldin v. Comr. 195 F.2d 714 (10th Cir. 1952), the court explained that there is no fixed formula or rule of thumb for determining whether property sold by a taxpayer was held by him primarily for sale to customers in the ordinary course of his trade or business. Each case must rest upon its […]

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Solo 401(k) Plan Vs. SIMPLE IRA

September 6th, 2013

A SIMPLE IRA plan is similar to a Solo 401(k) Plan in that it is funded by employee deferrals and additional employer contributions. However, unlike a Solo 401(k) Plan, a SIMPLE IRA plan uses an IRA-type trust to hold contributions for each employee, rather than a single plan trust that is typical of a traditional […]

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The Advantages of Using an LLC to Make Investments With Your Solo 401k

September 4th, 2013

With a Solo 401k Plan, you as trustee of the Solo 401k Plan, will have “checkbook control” over the funds allowing you to make 401k Plan investments by simply writing a check. When making an investment with your Solo 401k Plan, you have the option of making the investment directly with your Solo 401k plan, […]

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