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The Self Directed Checkbook Control IRA & 401k Blog

Solo 401k deadline reminder

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, many individuals are either eligible right now or could potentially become eligible. Self Employment Activity The first of the two eligibility requirements for a Solo 401k is the presence of some type of […]

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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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