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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What You Need To Know About Cryptocurrencies And Taxes

July 19th, 2017

The following originally appeared on Forbes.com – For a growing number of investors, cryptocurrency is not only the future of money, but also an attractive and potentially profitable investment asset, though highly risky and volatile.  Bitcoin has become the public’s most visible and popular cryptocurrency and it is also among the oldest, having first emerged […]

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

July 6th, 2017

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 IRA and 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 […]

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Tax-Free House Flipping with a Solo 401k

June 21st, 2017

Since the creation of the Solo 401(K) Plan back in the early 1980s, the IRS has always permitted a Solo 401(K) Plan to purchase, hold, or flip real estate.  By using a Solo 401(K) Plan, also known as a self-directed 401(K) Plan or Individual 401(K) Plan, to buy real estate, you will be able to […]

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IRA Financial Group Introduces New Cryptocurrency Solo 401(k) Plan with Checkbook Control Solution

June 13th, 2017

Cryptocurrency Solo 401(k) Plan solution will allow for tax-free treatment on bitcoin & other digital asset transactions using retirement funds. IRA Financial Group, the leading provider of self-directed IRA LLC and Solo 401(k) Plans is proud to announce the introduction of the cryptocurrency self-directed Solo 401(k) plan with checkbook control. The cryptocurrency Solo 401(k) plan […]

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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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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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Pass-Through Tax Cut May Impact Small Business Owner Retirement Savings Strategies

May 17th, 2017

This article, written by our own Adam Bergman, originally appeared on Forbes.com – President Donald Trump’s plan to cut the tax rate to 15 percent for so called pass-through businesses, such as partnerships, LLCs and S Corporations, will help many small business owners reinvest in their business by saving on taxes.  President Trump also plans […]

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Are You Allowed to Contribute to a Solo 401k Plan?

May 11th, 2017

A Solo 401(k) Plan is well suited for businesses that either do not employ any employees or employee certain employees that may be excluded from coverage. A Solo 401K plan is perfect for any sole proprietor, consultant, or independent contractor. To be eligible to benefit from the Solo 401(k) plan, investor must meet just two […]

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IRA Financial Group Vs. Wells Fargo Solo 401k Plan

April 18th, 2017

The Solo 401K Plan, also known as the Individual 401K or Self Directed 401K Plan is an IRS approved plan that was designed specifically for the self-employed or small business owner with no employees other than the owners(s). Since the adoption of the 2002 Economic Growth and Tax Reconciliation Act, the Solo 401K Plan has […]

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