Archive for July, 2015

First Book Published on the Self-Directed Solo 401(k) Retirement Plan Now Available on Amazon

July 29th, 2015

Adam Bergman, IRA Financial Group Partner, authors market’s first book discussing the self-directed Solo 401(k) Plan. After several years of research and writing, on July 25, 2015, the book: Going Solo: America’s Best Kept Retirement Secret For the Self-Employed – What Financial Institutions Won’t Tell You About Saving for Retirement, was released on Amazon. The […]

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What are the Advantages of a Solo 401k Plan

July 22nd, 2015

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 owner(s). The business can be established as a sole proprietorship, LLC, corporation, or partnership. A Solo 401K plan offers the same advantages as […]

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How to Use a Solo 401k to Purchase Real Estate

July 14th, 2015

Most people mistakenly believe that their 401(k) must be invested in bank CDs, the stock market, or mutual funds. Few Investors realize that the IRS has always permitted real estate to be held inside 401(k) retirement accounts. Investments in real estate with a Solo 401(k) are fully permissible under the Employee Retirement Income Security Act […]

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Solo 401k vs. a SIMPLE IRA

July 8th, 2015

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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Are All Solo 401k Plans the Same?

July 1st, 2015

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 the plan provides to make sure it will satisfy your retirement planning, tax, and investment goals. Most financial institutions offer Solo […]

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