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The Self Directed Checkbook Control IRA & 401k Blog

Discount Solo 401k joins Solera National Bank

Discount Solo 401k joins Solera National Bank

Discount Solo 401k is pleased to announce that we have joined the Solera National Bank family of companies. Separately, Solera National Bank has also acquired Safeguard Advisors, another leading provider of checkbook IRA and Solo 401(k) plans. Together Discount Solo 401k and Safeguard Advisors will operate as the plan provisioning and consulting arm of Solera, […]

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Proposed Legislation Affecting IRAs and 401ks

Proposed Legislation Affecting IRAs and 401ks

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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Solo 401k 5500-EZ Deadline

Solo 401k 5500-EZ Deadline

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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Solo 401k deadline – 60 days left

Solo 401k deadline – 60 days left

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 […]

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2017 Solo 401k contribution limits

Solo 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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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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