Archive for November, 2014

The “Rollover Business Start-Up”

November 25th, 2014

The Business Acquisition & Compliance Solution Structure (BACSS), also known as the “Rollover Business Start-Up” (“ROBS”) Solution, is an IRS and ERISA approved structure that allows an individual to use retirement funds, such as an IRA or 401(k), to purchase a new or existing business or franchise tax-free and penalty-free. The ROBS arrangement typically involves […]

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Are You Eligible to Open a Solo 401(k)?

November 19th, 2014

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 proprietor, consultant, or independent contractor. To be eligible to benefit from the Solo 401(k) Plan, investors must meet just two […]

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Choosing a Solo 401k v. a SEP IRA

November 10th, 2014

A Solo 401(k) Plan is an IRS approved retirement plan, which is suited for business owners who do not have any employees, other than themselves and perhaps their spouse. The “one-participant 401(k) Plan” or Individual 401(k) Plan is not a new type of plan. It is a traditional 401(k) Plan covering only one employee.  Like […]

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IRS Announces Higher Annual Solo 401(k) Plan Contribution Limitations for 2015 – Increased Interest in Solo 401(k) Plan

November 5th, 2014

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, starting on January 1, the Internal Revenue Services (“IRS”) announced that self-employed individuals and small business owners that have adopted a solo 401K plan […]

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