Archive for the ‘401(k) Rollover’ Category

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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Roth 401(k) Conversion and Rollover Questions Answered

March 30th, 2016

Can I convert a 401(k) Plan to a Roth 401(k) Plan? Yes. The Small Business Jobs Act of 2010, signed by President Obama contained a little-known provision, which went to affect on Sept. 27, 2010, allowing for the conversion of a traditional 401(k) or 403(b) account to a Roth in the same plan if their […]

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An Overview of the Solo 401(k) Plan Roth In-Plan Rollover

August 26th, 2015

For the past few years, plans with designated Roth accounts could allow an individual to roll over an amount from a non-Roth account into the individual’s designated Roth account in the same plan, but only amounts the individual could have had distributed from the plan, usually because the individual had attained age 59½ or had […]

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IRA Financial Group to Accept Rollover of Self-Directed Solo 401(k) Plan Assets from All Major Financial Institutions

May 21st, 2014

Self-directed retirement plan assets can be rolled over to IRA Financial Group Solo 401(k) Plan without tax or penalty. IRA Financial Group, the leading provider of self-directed solo 401(k) plans announces that it will accept rollover of self-directed solo 401(k) plan and assets to IRA Financial Group without tax or penalty from all major financial […]

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