The Self Directed Checkbook Control IRA & 401k Blog
SEPTEMBER 2021 – PROPOSED LEGISLATION ALERT There is proposed legislation in the US House of Representatives that, if passed, would negatively affect self-directed IRAs and (to a lesser extent) Solo 401k plans. The House Ways and Means Committee appears to be reacting to some highly publicized stories of what they consider abuse of these […]
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IRS Form 5500-EZ is due by the end of July 2021 for all Solo 401k plans that had $250,000 or more in plan assets on December 31st, 2020. If your plan had less than $250,000 in assets or if you just created your new plan in 2021, you do not need to file Form 5500-EZ […]
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It’s that time of year again. In the parts of our country with a full four seasons, we’re raking leaves, winterizing sprinkler systems, and switching to heavier clothing. The clocks are about to change once again, this time moving back an hour. In the current incarnation of Fall, we’re also being bombarded with messages approved […]
Read MoreSolo 401k contribution limits typically increase by small amounts periodically, often every year or two. These increases are based on cost-of-living adjustments. For those of you looking to maximize tax savings on your upcoming filing, here are the 2017 Solo 401k contribution limits. Under age 50: For tax year 2017, a Solo 401k participant under […]
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Although there are eligibility requirements to the Solo 401k and this plan is not for everyone, this post will focus primarily on the components of the plan that make it so attractive when examined next to an IRA LLC. First, a bit of background While both a self-directed IRA and a self-directed 401k can allow […]
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*This is your 30 day warning* It is now December 1, 2015. There are only 30 days left for your Solo 401k to be created, signed, and officially a money-saving shelter for your 2015 income. How much money? Well, some married couples can create a Solo 401k plan and save over $40,000 on their tax […]
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Have you ever wondered how much money you can put into a retirement account? It depends on what the current contribution limits are. These contribution limits typically go up a bit periodically, often every year or two, based on cost-of-living adjustments. Here we’ll look at the 2015 Solo 401k contribution limits. Every account type has […]
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Ahhh, the horror!!! I got so caught up in the fact that there are only 2 more months until December 31st (aka Solo 401k deadline day) that I forgot October 31st meant something entirely different to most people – All Hallows Eve or as it is commonly referred to, Halloween! Happy Halloween to you all and […]
Read MoreIt’s becoming that time of year again – only two months of 2015 remain, meaning the next 60 days are going to quickly carry us to the end of the year. That’s crunch time for the folks who have yet to setup a Solo 401k plan and the companies that have committed to helping them […]
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Self directed IRAs and 401ks, including the almighty Solo 401k, really are fantastic retirement vehicles. Many people are absolutely amazed to learn of the features and benefits these accounts offer. Typical reactions include: You mean, I can rollover my existing retirement funds and get checkbook control over them? I can diversify out of the stock market […]
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