Archive for the ‘Solo 401K Loan’ Category

Loans From 401(k) Plans Are Viable Last Resort For Hurricane Victims

September 13th, 2017

Here’s another article from Adam Bergman that appeared on Forbes.com – Hurricane Harvey has set a record for rainfall in the continental United States. It is estimated that some 100,000 homes have been affected by Harvey all with differing degrees of insurance coverage. In addition, at least 37 people have died from the storm. Over […]

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Millennials Using Solo 401(k) Plan Loan Option to Enter Housing Market

June 1st, 2017

401(k) Plan loan feature helping first-time home buyers secure necessary funds to purchase a home IRA Financial Group, the leading provider of solo 401(k) plans for self-employed and small business owners, has seen a growing number of millennials who are first time home buyers using the 401(k) plan loan feature to purchase a home, according […]

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Using a 401k Loan to Invest

December 20th, 2016

When it comes to using retirement funds, such as a 401(k) or Solo 401K Plan, to make investments, the question arises whether a 401(k) can utilize a loan as part of the transaction. The IRS has always allowed a Solo 401K Plan to make traditional as well as non-traditional investments such as real estate. However, […]

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Benefits of Taking a Solo 401(k) Loan

February 11th, 2016

As a result of the recent economic meltdown, banks and other financial institutions have severely limited their lending capacity to self-employed business owners, thus, causing grave financial pressure on self-employed business owners. The Solo 401(k) Plan is a perfect structure for any self employed business owner seeking immediate funds for their business. Solo 401(k) participants […]

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Rising Number of People Looking to Use Solo 401(k) Plan Loan to Pay off Holiday Shopping Debt

December 16th, 2015

$50,000 Solo 401(k) plan loan feature attractive option for helping to help to pay off holiday shopping related bills IRA Financial Group, the leading provider of self-directed Solo 401(k) plans for self-employed and small business owners with no full-time employees, has interviewed a number of a Solo 401(k) plan clients in November 2015 and the […]

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Growing Number of People Using Solo 401(k) Plan Loan To Pay Off Credit Card Debt

April 8th, 2015

$50,000 Solo 401(k) plan loan feature being used to help to pay off escalating credit card debt IRA Financial Group, the leading provider of self-directed solo 401(k) plans for self-employed and small business owners with no full-time employees, announces the results of its internal survey which showed a large number of people looking to use […]

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Making an Investment with a Solo 401k Loan

March 3rd, 2015

When it comes to using retirement funds, such as a Solo 401K Plan, to make investments, the question arises whether a Solo 401K Plan can utilize a loan as part of the transaction. The IRS has always allowed a Solo 401K Plan to make traditional as well as non-traditional investments such as real estate. However, […]

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Top Solo 401(k) Plan Provider – IRA Financial Group – Announces Online Banking Self-Directed Solo 401(k) Plan

October 22nd, 2014

New online banking solo 401(k) plan to allow small business owners to purchase real estate & more from a local bank account. IRA Financial Group, the leading Solo 401(k) Plan provider, announces the introduction of an online banking self-directed solo 401(k) plan program for the self-employed or small business owner with no employees. IRA Financial […]

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All About the Self-Directed 401(k) Plan

October 14th, 2014

A Solo 401K Plan also called a Self-Directed 401K offers a self employed business owner the ability to use their retirement funds to make almost any type of investment tax-free, including real estate, on their own without requiring custodian consent. Additionally, a Self-Directed 401K Plan will allow you to make high contributions to the Plan […]

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Self-Employed Solo 401(k) Advantages

August 6th, 2014

A Solo 401(k) is perfect for sole proprietors, small businesses and independent contractors such as consultants. A Solo 401(k) Plan can be adopted by any business with no employees other than the owner(s). The business can be established as a sole proprietorship, LLC, corporation, or partnership. A Solo 401K plan offers the same advantages as […]

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