Archive for September, 2016

Administration Services for Your 401k

September 28th, 2016

Recordkeeping Services The all in one 401(k) retirement solution provider and Recordkeeper for your Business Most small retirement plans appoint the employer as plan administrator. Management of the entity may designate an individual or an entity to perform these functions. Due to the complexity and timing involved, most small employers appoint an independent third-party to […]

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What is the Difference Between ROBS and IRA Financial Group’s BACSS?

September 21st, 2016

The IRS has coined a structure that has been designed as a means for prospective business owners to access accumulated tax-deferred retirement funds in order to cover new business start-up costs as Rollovers as Business Startups, or ROBS. As stated in the IRS’s October 1, 2008 Memorandum and repeatedly affirmed by the IRS, the ROBS […]

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Self-employed entrepreneur? The Solo 401(k) may be for you

September 14th, 2016

This article was recently published in the Miami Herald: When it comes to their work and interests, I have found that many Americans lead lives that are more creative, fascinating and “outside the norm” than they probably realize. In my work, I meet many successful local South Florida entrepreneurs and small-business owners, many of them […]

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Options for Inherited Solo 401(k) Plans

September 8th, 2016

If you are a beneficiary (rather than the owner) of a qualified plan, such as a Solo 401(k),  and receive a distribution as a result of the owner’s death, in general you have the following options: Pay ordinary income tax: If plan assets are distributed to you, then you will have to report the distribution […]

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