Archive for the ‘Solo 401K Prohibited Transactions’ Category

Prohibited Transaction Rules for the Solo 401k Plan

February 18th, 2015

The Internal Revenue Code & ERISA does not describe what a Solo 401k Plan can invest in, only what it cannot invest in. Internal Revenue Code Sections 408 & 4975 prohibits Disqualified Persons from engaging in certain type of transactions. The purpose of these rules is to encourage the use of qualified retirement plans for […]

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Investing in Options with a Solo 401k

December 31st, 2014

When it comes to making investments with a solo 401(k) Plan, the IRS generally does not tell you what you can invest in, only what you cannot invest in.  The types of investments that are not permitted to be made using retirement funds is outlined in Internal Revenue Code Section 408 and 4975.  These rules […]

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IRA Financial Group Releases Investor Alert for Solo 401(k) Plan Retirement Investors Purchasing & Holding Foreign Gold

October 10th, 2013

Certain promoters marketing Solo 401(k) Plan to purchase and hold foreign gold is in violation of the IRS prohibited transaction rules IRA Financial Group, the leading provider of self-directed Solo 401(k) Plan announces the release of an Investor Alert aimed specifically at retirement investors being marketing qualified retirement plans, such as a Solo 401k Plan […]

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Purchasing Coins With a Solo 401k Plan

August 15th, 2013

The IRS does not list the type of assets or investments that may be purchased with retirement funds, but does indicate which categories of assets or investments are not permitted. The categories of transactions that are not permitted to be purchased using a Solo 401(k) Plan can be found in Internal Revenue Code Sections 408 […]

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Role as Trustee of a Solo 401K Plan

September 27th, 2011

One of the advantages of a Solo 401K Plan, is that the individual plan participant can serve as trustee of the Plan.  As trustee of the Solo 401K Plan, the individual has the authority to make investment decisions on behalf of the Solo 401K Plan.  Unlike most conventional Solo 401K Plan, with a trustee directed […]

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Can I Use a Solo 401K to buy Coins?

August 31st, 2011

The Internal Revenue Code does not describe what a Solo 401K can invest in, only what it cannot invest in. Furthermore, the type of investments a Solo 401K Plan can make is generally based on the Solo 401(k) Plan documents. The IRS only describes the type of investments that are prohibited, which are very few. […]

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Can I Use a Solo 401K to buy Gold?

August 31st, 2011

A Solo 401K Plan, also known as an Individual 401K or Self Directed 401K Plan is a qualified retirement plan that was designed specifically by the IRS to provide the self-employed or the small business owner with no employees the same advantages of a conventional 401(k) plan but without the cost and administrative burdens.  The […]

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Understanding the Solo 401K Rules

August 24th, 2011

When it comes to understanding the rules governing making investments through a 401(k) qualified retirement plan or Solo 401K Plan, one must first understand the intent of the IRS when it first developed the prohibited transaction rules. The IRS and the Internal Revenue Code do not describe what a 401(k) qualified plan or Solo 401K […]

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