Real estate IRAs are popular with people who want diversity and leverage against potential losses in the stock market. You can choose your own assets including commercial and residential property, raw land, as well as tax liens and deeds.
A Savings Incentive Match Plan for Employees (SIMPLE IRA) is a retirement that is ideal for small businesses with less than 100 employees as well as for self-employed individuals. It’s cost-effective to implement and easy to manage. A self-directed SIMPLE IRA offers the same features as a … Read More
Do you want a retirement plan for your business that offers more flexibility, higher contribution limits, and other big benefits than you get with a traditional IRA? How about a plan that allows you to invest in things like real estate, private equity, and gold? If you’re … Read More
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
Solo 401(k)s, SEP and SIMPLE IRAs were created for small business owners and self-employed individuals who want to capture tax-advantaged retirement savings for themselves and their employees. These plans can be self-directed, allowing account owners to make their own investment choices and use alternative assets to grow … 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
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