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The Self Directed Checkbook Control IRA & 401k Blog

IRA LLC vs Solo 401k

IRA LLC vs Solo 401k

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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Don’t Throw Your Money Away!

Don’t Throw Your Money Away!

*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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2015 Solo 401k contribution limits

2015 Solo 401k contribution limits

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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Happy Halloween

Happy Halloween

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 […]

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Solo 401k deadline – 2 month warning

Solo 401k deadline – 2 month warning

It’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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Prohibited Transactions

Prohibited Transactions

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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Solo 401k deadline reminder

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Solo 401k deadline reminder

Only six months left to create a 2015 Solo 401k! I know, most of you are thinking there is plenty of time left. That’s true, especially when you consider our plan preparation typically takes 3-4 days and rush processing can make that timeframe even shorter. However, I can pretty confidently predict that come December 31st […]

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Solo 401k Eligibility

Solo 401k Eligibility

As mentioned in a previous post, there are eligibility requirements for a Solo 401k. Although not just anyone can join the party, the majority of individuals are either eligible right now or can easily become eligible. Self Employment Activity The first of the two eligibility requirements for a Solo 401k is the presence of some […]

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What is a Solo 401k?

What is a Solo 401k?

Overview A Solo 401k is a special type of retirement plan. Like all 401ks, it is adopted by an employer to provide tax-advantaged savings benefits to its employees. What makes the Solo 401k different from other employer plans is that it is meant for self-employed individuals who don’t have employees of their own. The IRS refers to […]

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