, Checkbook-Control IRAs
, and IRA-LLCs
are powerful alternative investment
vehicles with great tax benefits. However, for those that qualify, Checkbook Solo 401K Plans are far better vehicles for retirement-account real estate investing
. In this post will introduce the fundamentals of Checkbook Solo 401k Plans
and their benefits. Continue reading “Checkbook Solo 401k: Is It Better Than A Self-Directed IRA?”
Checkbook Self-Directed Solo 401k Plans
, also known as a Checkbook QRP
, provide a great feature that can be leveraged in so many ways: A Checkbook Solo 401k Loan
. The loan proceeds can be used to finance anything you’d like
and the interest payments are made to yourself
In fact, Checkbook 401k Loan Interest Payments can be viewed as a way to make backdoor contributions – beyond the Solo 401k contribution limits
– to your Checkbook Solo 401k tax advantaged retirement accounts. Once those interest payments are paid to your Solo 401(k) plan or QRP, those funds become additional plan assets that can be invested tax-free.
Do you have debt to pay off? Do you want to purchase a new vehicle? Pay for education? Or, would you like to make an investment outside your Solo 401k using Solo 401k funds? The Checkbook Control 401k loan feature is your best option. In this post will cover all that you need to know to legally take advantage of this Checkbook QRP feature. Continue reading “Solo 401k Loan FAQ & Answers”
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 traditional Solo 401k plans
401K Plans, creatively named after Section 401(K) of the Tax Code
, are Defined Contribution qualified retirement plans
that allow 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 taxable income. The tax code calls this a “cash or deferred arrangement,” or CODA. A 401k Plan can be combined with other types of plans, such as Defined Benefit and Cash Balance Plans
, to maximize tax deductions
and allow for multiple 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 be designed to include very attractive features such as Roth 401k Contributions and After-Tax Employee Contributions.
What is a Roth Solo 401k Plan?
Continue reading “Solo 401K Roth Contribution Q&A”
A Self-Directed Solo 401k Plan With Checkbook Contro
l is a powerful tax and investment tool that can be used only by those with self-employment income and no full-time employees. It is a Qualified Retirement Plan
, or One-Participant 401(k) QRP
, covering a business owner with no employees, or that person and his or her spouse. These plans have the same rules and requirements as any other 401(k) QRP, but doesn’t need to perform nondiscrimination testing for the plan, since there are no employees who could have received disparate benefits. This exemption from non-discrimination testing empowers you to maximize the incredible strategies available to QRPs for your financial benefit. 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 Account
s, particularly when there are multiple owners, can be achieved in several ways, which will be outlined in this post.
Continue reading “How to Manage Real Estate in Your SDIRA, Solo 401k, or Defined Benefit Plan”
Checkbook 401k plans, Checkbook IRAs, Checkbook QRPs and other 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
, private loans, hard money loans, mortgage notes, and tax liens
– all of which are forms of income generation from real property. Continue reading “Self-Directed Real Estate Retirement Accounts For Real Estate Agents”
Checkbook Control QRPs, 401(k) plans, and SDIRAs are powerful vehicles for investing in alternative assets classes, including: real estate, raw land, private loans, hard money loans, private businesses, tax certificates, cryptocurrency, crowdfunded investments, foreign & overseas assets, and so much more.
Getting access to and rolling over funds from your employer-sponsored 401k
to a Checkbook QRP, 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.
In this post you’ll learn how to use a Solo 401k to get up to $120,000 into Roth retirement accounts (Mega Roth
), annually. If you don’t already know the value and power of that – this is a must read. If you already know and appreciate the value of tax-sheltered & tax-free Roth retirement accounts, this post is a must-read. Continue reading “Mega Backdoor Roth Solo 401k vs. Checkbook IRA”