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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Establishing a Solo 401K Plan – What You Need to Know

January 13th, 2012

Not everyone can assist you in establishing a Solo 401(k) Plan.  Like all legal matters, an attorney or tax professional should be involved in the establishment of a solo 401K qualified retirement plan.  – don’t trust a cookie cutter retirement plan that won’t fit your retirement, investment, and tax goals.  Work directly with tax professionals […]

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Using a Solo 401K Loan to Buy Real Estate – How Does it Work?

January 12th, 2012

An individual investor is permitted to use his or her 401(k) plan assets to buy real estate. The IRS has always allowed a 401K or Solo 401K Plan to buy real estate. Internal Revenue Code Section 72(p) allows a Solo 401K Plan participant to take a loan from his or her 401K Plan so as […]

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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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Buying Real Estate with a Solo 401K – An Overview

September 12th, 2011

The Solo 401K Plan is a perfect investment vehicle for a self-employed individual or small business owner with no employees.  The Solo 401K Plan, also known as the individual 401K or Self Directed 401K is an IRS approved qualified retirement plan that was designed specifically for the self-employed or the small business owner with no […]

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How does the Solo 401K Plan Work – A Step-by-Step Overview

August 25th, 2011

The Solo 401K Plan is a cost effective 401(k) plan that was designed specifically for the self-employed or the small business owner with no employees.  The Solo 401K Plan, also called the Individual 401K or Self Directed 401K Plan is a retirement plan designed to maximize contributions and be less complex and less expensive to […]

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Are all Solo 401K Plans the Same?

August 25th, 2011

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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All About the Solo 401K with Checkbook Control

August 25th, 2011

It is commonly said that the Solo 401K Plan offers the same self directed investment opportunities as a Self Directed IRA LLC, in addition to offering many options not available with a Self Directed IRA. Solo 401K with Checkbook Control Like a Self Directed IRA with checkbook control, as the trustee of the Solo 401K […]

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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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