At the most basic level, self-directed IRA and Solo 401(k) plans are no different than any other comparable retirement plan. All plan components such as contribution limits, distribution processes, designation of beneficiaries are the same.
When you operate a self-directed retirement plan, you may have a more hands-on view of some of these plan events.
In this series of articles, we cover some of the basic concepts surrounding plan administrative actions and how they apply to your self-directed plan.
The great thing about a checkbook IRA is that it puts you in direct control of all investment transactions. This is accomplished with a two-layered structure involving an IRA with a specialty “self-directed” IRA custodian that then invests into a…
On January 1, 2024 a new federal requirement called the Corporate Transparency Act (CTA) becomes effective. Most new and existing businesses will be required to file a Beneficial Owner Information Report (BOI report) with the Financial Crimes Enforcement Network. FinCEN…
Investors who establish a self-directed IRA LLC are primarily focused on the ability to invest in non-traditional assets such as real estate, trust deeds, and the like. But what if you want to invest in conventional financial products like stocks,…
A Solo 401(k) is a fantastic retirement plan for self-employed individuals. With high contribution limits, both tax-deferred and Roth savings, and full control over investment choices, it provides one of the best ways to prepare for your golden years. There…
A self-directed Solo 401(k) provides a great amount of flexibility when it comes to investing your retirement savings. As part of designing your plan to best suit your investing goals, it pays to give consideration to the structuring of financial…
When building your retirement savings with self-directed IRA or Solo 401(k), it is not just about how you invest. Making new contributions to your retirement plan is a crucial aspect of creating long-term wealth with these tax-sheltered vehicles. As the…
A self-directed Solo 401(k) is a great retirement plan. With high contribution limits and the ability to invest in anything the IRS rules allow for like real estate and private equity, the Solo 401(k) is one of the best ways…
A self-directed Solo 401(k) is one of the best retirement plan options for independent entrepreneurs. With a self-directed Solo 401(k), you can invest in anything the IRS rules allow for, including real estate, venture capital, cryptocurrency and more. Being able…
A Checkbook IRA is a great tool for unlocking your retirement plan and taking control of your investments. Whether deployed as an IRA LLC or IRA Trust, the point of the structure is to give you as the IRA account…
When you operate a Solo 401(k) plan that is truly self-directed, you act as the plan administrator. In that role, it is your responsibility to manage IRS filings, including Form 5500-EZ, Annual Return of a One-Participant Retirement Plan. With a…
