Plan Administration
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.
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…
When you operate a self-directed Solo 401(k) plan, being mindful of the beneficiaries who will inherit your plan is important. Choosing who to name as beneficiaries for your plan and how to make your designations can be simple or complex,…
As tax season rolls around each year, we typically get a lot of questions about tax filing requirements and where to find a CPA who can help. The simple answer is that most self-directed IRA and Solo 401(k) investors will…
Ringing in the new year inspires us to set goals to improve ourselves. While you may not be able to stick to that new diet past the end of January, you can and should be able to take steps to…
Starting at age 72, you may be required to take a minimum distribution from your real estate IRA or Solo 401(k) each year. This concept is referred to as Required Minimum Distributions (RMDs). If your self-directed retirement plan is invested…
The Solo 401(k) is a fantastic retirement plan for self-employed entrepreneurs. Because a Solo 401(k) is designed for an owner-only business, it provides the savings power of a 401(k) in a simple to operate format. With high contribution limits, the…
When it comes to IRA inheritance and beneficiary designations, a self-directed IRA is treated the same as any other IRA. Choosing who to name as beneficiaries for your IRA and how to make your designations can be simple or complex,…