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.
IRS rules stipulate that certain investors are required to take distributions from IRA and 401(k) plans. The mandatory withdrawals are referred to as Required Minimum Distributions (RMDs). The SECURE Act of December 2019 and the CARES Act of March 2020…
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 investors establish a self-directed IRA LLC, they are primarily focused on the ability to invest in non-traditional assets such as real estate, trust deeds and the like. Many folks are not aware that a Checkbook IRA can hold conventional…
There is a certain geographic footprint that comes with a Checkbook IRA LLC program. The IRA-owned LLC entity is formed in a specific state, after all. If you move after setting up this type of program, you may need to…
A common question for someone considering the formation of a Checkbook IRA LLC is: “What is the best state to form the LLC in?” It’s a good question, and one that merits some consideration before putting a plan in place…
At Safeguard, we often hear the question, “Can my IRA purchase a property today that I can then use personally in the future?” Yes, this can be done. But does it make sense? Below we take a deeper look at…
NOTE: Passage of the SECURE Act in 2019 renders this strategy obsolete. With the new law, one can establish a Solo 401(k) up until the date of the tax-filing deadline of the sponsoring employer, including extensions. This plan can then…
A self-directed IRA is unique in having a different transaction model, and opening up the possibility to invest in to a diverse range of assets such as real estate, private placements, and more. When it comes to the basic concepts…
If you qualified as a self-employed entrepreneur and your business has no full-time employees, the Solo 401(k) is a fantastic self-directed retirement plan option. A Solo 401(k) isn’t really a distinct type of retirement plan. It’s a specific implementation of a qualified…
Building your retirement savings with your self-directed IRA or Solo 401(k) is not just about how you invest. Making new contributions to your retirement plan is a key to creating long term wealth with these tax-sheltered vehicles. As we approach…
