Archive for the ‘Solo 401K contributions’ Category

Non-Deductible Solo 401k Tax Strategy

August 10th, 2017

The Secret Way to Boost Your Annual 401(k) Plan Contributions In the case of an IRA, most people know that IRA contributions can be made in pre-tax, after-tax, or Roth. However, it is not widely known that a Solo 401(k) plan can allow you to make non-deductible plan contributions based off your income on a […]

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Contribution Deadlines for Your Solo 401k

May 25th, 2017

The deadline for making Solo 401K Plan contributions is typically dependent on the type of entity that has adopted the Solo 401K Plan as well as the type of contribution – employee deferral vs. profit sharing contribution. Sole Proprietorship Employee Deferral In the case of a sole proprietorship, a business owner under the age of […]

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Increase in Annual Solo 401(k) Plan Contribution Limits in 2017 Expected to Create Strong Demand for Solo 401(k) Plans in 2017

January 11th, 2017

2017 Solo 401(k) plan maximum contribution amount to increase to $54,000 and $60,000 for individuals over the age of fifty, an increase of $1000 from 2016 IRA Financial Group, the leading provider of self-directed IRA and Solo 401(k) plans, expects to see an increase in demand for the self-directed solo 401(k) plan in 2017 because […]

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New 2017 Solo 401(k) Plan Contribution Limits Expected To Increase Demand for Self-Directed Solo 401(k) Plan

November 2nd, 2016

Increase Solo 401(k) Contribution Limit to $54,000 and $60,000, if over the age of 50, for 2017 offers exciting retirement benefits for the self-employed IRA Financial Group, the leading provider of self-directed solo 401(k) plans, is proud to announce 2017 new contribution limits released by the IRS for IRA and 401(k) plans. Under the 2017 […]

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IRA Financial Group Announces Expanded Solo 401(k) Plan Annual Services to Include Filing of IRS Form 5500-EZ

June 30th, 2016

Solo 401(k) plan clients of the IRA Financial Group to be offered IRS Form 5500-EZ completion services IRA Financial Group, the leading provider of self-directed Solo 401(k) plans, announces a new service for its annual tax and compliance service for Solo 401(k) plan clients to include the completion of the annual IRS information form – […]

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Strong Demand for Solo 401(k) Plan With Non-Deductible Contribution Option

June 15th, 2016

Strong Interest in Solo 401(k) Plan with non-deductible after-tax contribution option IRA Financial Group, the leading provider of checkbook control self-directed Solo 401(K) plans, announces strong demand for the Solo 401k plan with a non-deductible Contribution option. The advantage of using a Solo 401(k) plan, which includes a nondeductible contribution option, is that it allows […]

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Solo 401(k) Contribution Deadlines

May 19th, 2016

The deadline for making Solo 401K Plan contributions is typically dependent on the type of entity that has adopted the Solo 401K Plan as well as the type of contribution – employee deferral vs. profit sharing contribution. Sole Proprietorship Employee Deferral In the case of a sole proprietorship, a business owner under the age of […]

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Solo 401(k) Plan Non-Deductible Contribution Tax Strategy

March 2nd, 2016

The Secret Way to Boost Your Annual 401(k) Plan Contributions In the case of an IRA, most people know that IRA contributions can be made in pre-tax, after-tax, or Roth. However, it is not widely known that a Solo 401(k) plan can allow you to make non-deductible plan contributions based off your income on a […]

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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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