Solo 401(k) plans allow corporations, partnerships, and sole proprietorships with no employees (aside from you, your spouse, and/or business partner) to make contributions toward retirement. Self-directed solo 401(k) plans give small business owners the freedom and control to choose their own assets and use alternative investments to … Read More
Many self-employed individuals use solo 401(k) plans to save for retirement. This plan offers higher contribution limits, which can lead to huge tax-deferred savings and earning potential. And, when you self-direct the plan, you get the additional bonus of investing in alternative assets to build the retirement … Read More
Solo 401(k)s, SEP and SIMPLE IRAs are great retirement plans for small business owners and self-employed individuals to capture tax-advantaged retirement savings for themselves and employees. These plans can be self-directed, allowing account owners to make their own investment choices and use alternative assets to grow retirement … Read More
IRAs are one of several ways you finance your retirement. You may have a pension plan and/or Social Security benefits along with personal savings, but IRA tax benefits play a critical role in your savings strategy to retire in style. The information below applies to typical and … Read More
Guest article written by Jessica Larson, SolopreneurJournal.com As an entrepreneur, one of the things you’re probably most passionate about (besides your family) is your business. Still, that doesn’t mean you want to be doing it forever. Eventually, you’ll want to retire. And, saving for retirement is crucial. When you … Read More
You don’t have to work for a big company to have a 401(k). Small business owners and self-employed individuals can open and contribute to an individual 401(k) and enjoy the same retirement-saving benefits that the traditional corporate plan offers. A self-directed solo 401(k) has the same features … Read More
Simple employee pension plans, or SEP IRAs, are geared towards individuals who are self-employed, partners, and owners of corporations. These plans provide a low-cost and simple retirement savings option for people in these positions. These plans offer higher contribution limits than a traditional or Roth IRA. Administration … Read More
There are a few different ways you can perform a 401(k) rollover. But if you don’t follow the rules you can expect the money you take from your account to be taxed and penalized. And, there’s no fun in that. You can choose to move your retirement funds … Read More
Investing with self-directed IRAs is becoming widely used by investors seeking greater control of their own retirement funds and investment decisions. However, this account structure has actually been in place since 1974—the year IRAs were created. One reason self-direction goes largely unrecognized by the average investor is … Read More
