Archive for November, 2015

Is Every Solo 401k Plan the Same?

November 18th, 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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Funding Your Solo 401(k) with Other Retirement Accounts

November 12th, 2015

An individual who adopts a Solo 401(k) Plan may generally fund the Solo 401(k) Plan using two methods – the rollover process or by direct contribution. Most Solo 401(k) Plan documents will allow for the rollover of IRA or other pre-tax employer retirement funds, such as a 401(k), 403(b), or 457(b). The IRA holder or […]

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2016 401(k) Contribution Limits

November 4th, 2015

2016 401(k) plan contribution limits still offer great retirement and tax benefits Starting on January 1, 2016 the Internal Revenue Services (“IRS”) announced that self-employed individuals and small business owners that have adopted a Solo 401(k) plan for the 2016 taxable year will be limited by the same annual contribution numbers as in 2015. In […]

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