What is a True Self-Employed 401k Plan?

November 6th, 2017

The IRS approved solo 401(k) Plan, also known as a Self-Employed 401(k), has been used by hundreds of thousands of small businesses for over 30 years. However, the scope of options available to Solo 401(k) Plan participants is determined based on the plan documents. To this end, most financial institutions that offer Solo 401(k) Plan […]

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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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Why Choose an IRA Financial Group Solo 401k Over Fidelity

August 24th, 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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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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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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How to Use Your 401k to Make Real Estate Investments

January 26th, 2017

Most people mistakenly believe that their 401(k) must be invested in bank CDs, the stock market, or mutual funds. Few Investors realize that the IRS has always permitted real estate to be held inside 401(k) retirement accounts. Investments in real estate with a Solo 401(k) are fully permissible under the Employee Retirement Income Security Act […]

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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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How to Choose the Best Solo 401k Provider

November 16th, 2016

Choosing the best Solo 401(k) plan provider is an important decision that should be researched thoroughly.  Below are several tips to help you select the best Solo 401(k) Plan provider for your self-employed or small business retirement plan. 1. Always Make Sure You Are Working With a Tax & ERISA Professional: There are several companies […]

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Are All Individual 401k Plans the Same?

October 26th, 2016

When it comes to determining what type of 401(k) qualified retirement plan is best for a self-employed individual or small business owner with no employees, it is important to look at all the options the plan provides to make sure it will satisfy your retirement planning, tax, and investment goals. Most financial institutions offer Solo […]

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Why Choose IRA Financial Group Over Fidelity for Your Solo 401k Plan?

November 22nd, 2013

Everyone has heard of Fidelity and many use it for their retirement planning.  But did you know you’re better off with IRA Financial Group’s Solo 401(k) Plan with Checkbook Control?  The most important difference is the ability to invest in what you want.  With Fidelity, you’re stuck with the basic investments like stocks, bonds and […]

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