Archive for April, 2016

Does IRA Financial Group’s Solo 401(k) Allow for Roth Contributions?

April 27th, 2016

Yes. IRA Financial Group’s Solo 401(k) Plan allows participants to elect to treat contributions under the plan that would otherwise be elective deferrals as designated Roth contributions. For this purpose, an “elective deferral” is an employer contribution to a  401(k) plan that is excluded from the participant’s gross income only because the 401(k) plan is […]

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IRA Financial Group Announces New Compliance Program for Rollover Business Startup Solution Clients

April 21st, 2016

Rollover Business Start-Up helping thousands of Americans use retirement funds tax-free to fund a business IRA Financial Group, a provider of Rollover Business Startup Solution (“ROBS”) solutions, has experienced a budding interest in people across the country looking to use their retirement funds to fund the purchase of a new business, especially franchises, without tax. […]

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Using ROBS to Fund a Business – The Law

April 12th, 2016

The Internal Revenue Code and ERISA have firmly codified the ability to use retirement funds to invest in the stock of a sponsoring company as long as certain IRS and ERISA rules are followed. Internal Revenue Code Section 4975(c) includes a list of transactions that the IRS deems “prohibited”. However, Internal Revenue Code Section 4975(d) […]

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Are You Eligible to Open a Solo 401k Plan?

April 7th, 2016

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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