Self-Directed IRA-LLCs and Solo 401k Plans can buy and sell Bitcoin and other cryptocurrency the same way they can invest in real estate, private equity, tax liens, stocks, and mutual funds. The process for investing in Bitcoin, Ethereum, Litecoin, Zcash, Dash, Ripple XRP, Monero and all other cryptocurrencies is the same as when purchasing them outside of retirement accounts. Ownership of the asset should vest in your IRA-LLC or Solo 401(k) Trust and not in your personal name. Continue reading “How To Buy Bitcoin Using an IRA-LLC or Solo 401k”
What type of funds can be contributed to a Solo 401k Roth account?
There are many sources of funds for Self-Directed Solo 401k plans and most – but not all – can be contributed to the Roth Solo 401k subaccount. Following are eligible sources of funds for a 401(k) Roth account: Continue reading “Roth Solo 401k Contribution Guide”
What is a Roth Solo 401k Plan? What is a Solo 401k Plan?
Understanding Roth Solo 401(k)s requires that we first understand the basics of regular Solo 401k plans.
A 401K plan, named after Section 401(K) of the Tax Code, is a Defined Contribution retirement plan that allows employees to choose (“elective deferral”) to contribute all or part of their compensation to a tax advantaged account and exclude the amounts contributed from current income. The tax code calls this a “cash or deferred arrangement,” or CODA. A 401k plan can be combined with other types of plans to allow for many forms of plan contributions. The typical 401(k) Plan provides for employer profit sharing contributions, in addition to employee contributions. Self-Directed Solo 401(k) Plans are 401(k) plans for businesses that don’t have full-time employees other than business owners and their spouses, which can designed to include very attractive features such as Roth 401k Contributions and After-Tax Employee Contributions.
What is a Roth 401k Plan?
What is a Self-Directed IRA?
A self-directed IRA, or SDIRA, is an IRA that can be invested in assets that are not available on brokerage platforms. The most common SDIRA investment is real estate, but an SDIRA can hold private loans, private stock, tax liens, tax deeds, mortgage notes, livestock, mineral rights and nearly anything else. Section 408 of Tax Code disallows only life insurance and collectibles for IRAs; everything else is allowed. In addition, S-corp regulations don’t allow IRA shareholders for small business corporations. Self-directed IRAs are held by specialized trust companies that are qualified to administer such accounts.
What is an IRA-LLC? What is Checkbook-Control? Checkbook Control IRA?
Did you know that you can use a Traditional IRA, Roth IRA, SEP-IRA, SIMPLE-IRA, or HSA to invest in real estate tax free? Do you know the difference between a Traditional IRA and Roth IRA? In this post you’ll get an overview of these accounts and how you can use a self-directed IRA with checkbook control for real estate investing.
What is NOT a Self-Directed IRA?
Self-Directed Solo 401k Plans With Checkbook Control are the retirement plan for those with self-employment income and no full-time employees. Following are common questions and answers regarding SoloK eligibility, benefits, and operations. Continue reading “Self-Directed Solo 401k Common Questions”
Real estate is the most popular asset for self-directed retirement accounts and is a great long-term investment. Efficient and compliant management of real-estate properties owned by Real Estate Retirement Accounts, particularly when there are multiple owners, can be achieved in several ways, which will be outlined in this post.
Can I Buy A Retirement Home With My Self-Directed IRA, Solo 401k, or DB Plan?
You can buy your dream retirement home with your self-directed IRA, IRA-LLC, Solo 401(k), or Defined Benefit Plan, but you must be aware of the prohibited transaction tax rules that impact these transactions. This post will address key questions about purchasing a retirement home with tax-favored retirement accounts. Continue reading “How To Buy A Retirement Home With Retirement Funds: SDIRAs, IRA-LLCs, Solo 401k Plans”
Self-directed retirement accounts that allow real estate investing with tax advantaged funds should be part of every real estate agent’s financial plan. This article will introduce the fundamentals of such accounts and the opportunities they present for those that have an insider’s view of the real estate market.
What Are Self-Directed Retirement Accounts?
Self-directed retirement accounts, which can be in the form of IRAs or Qualified Plans, allow you to use retirement money for non-traditional investments and retain all the tax benefits of those vehicles. Real estate investing is by far the most popular investment for such accounts, with other common assets being real estate secured private loans, mortgage notes, and tax liens – all of which are forms of generating income from real property. Continue reading “Self-Directed Real Estate Retirement Accounts For Real Estate Agents”
Unlock Your Employer 401(k) to Get Checkbook Control
Rolling over funds from your employer-sponsored 401k to a Solo 401k or Checkbook IRA is doable in many instances, but you’ll have to overcome some obstacles to do so. With the knowledge provided in this post, you’ll be prepared to get the results you want. Continue reading “In-Service Distributions: Checkbook Control Solo 401k & IRA-LLC”