Self-Directed 401K Plans

IRS Rules for Reporting IRA and 401(k) Rollovers

You have created a self-directed IRA or Solo 401(k) plan and you rolled over funds from other retirement plans (e.g., IRA, 401(k), 457, 403(b)) into your new plan.  You are now happy and content that you have a self-directed plan, and are on your way to making investments into non-traditional assets (e.g., real estate).  You also know that as manager…read more →

IRS Increases 401(k) Contribution Limits for 2015

Today the IRS announced cost-of-living adjustments to various retirement plans, including 401(k), 403(b), 457, federal government Thrift Saving and IRA plans.  While the intent of this post is not to regurgitate the news, it should be noted that IRA limitations were unchanged.  However, for those of you who participate in a 401(k) plan or self-directed Solo 401(k) plan, you should…read more →

Administration of Your Solo 401(k)

This is a topic that encompasses many moving parts…and, we are going to address one very small (but important) moving part in this process.  Further, we are going to keep the “concept” brief and to the point without belaboring the discussion. The administration of your Solo 401(k) is important and a responsibility that should be taken seriously.  Many companies emphasize…read more →

Self-Directed IRA and 401(k)s — Non-Traditional Assets

You have done some research on various websites related to self-direction.  It doesn’t matter whether it is a self-directed SEP-IRA, Roth IRA, Traditional IRA or SIMPLE IRA.  Or if it is a 401(k) plan, which is also marketed as Uni-K, Solo-K, self-directed  401(k) and self-administered 401(k), one basic tenet is still in play…they can all be self-directed.  In learning more…read more →

401(k) Loans and Prohibited Transactions

Self-directed IRA and Solo 401(k) plans (also known as Uni-K, self-directed 401(k), self-administered 401(k) and individual 401(k) plans) have strict rules imposed upon the plans to not engage in IRS and DOL Prohibited Transactions.  These rules are specific in their intent and there are significant penalties associated with a plan participating in self-dealing and other types of specifically prohibited transactions. However, through…read more →

Receive Tax Credits for Self-Directing IRA or 401(k) Plans?

I always advise clients there are many benefits to establishing a self-directed IRA or 401(k).    It runs the gamut of  “checkbook control”, freedom, flexibility…certainly an exciting endeavor.  But, receive tax credits for self-directing IRA or 401(k) plans?  Yes! An almost immediate benefit to receive tax credits for self-directing IRA or 401(k) plans…by merely establishing a SEP-IRA, SIMPLE IRA (not Traditional IRA, Roth…read more →

401(k) Contribution Limits

401(k) Contribution Limits

Self-directed 401(k) contribution limits are the same as any other 401(k) plan.  As you continue through your fiscal year, keep in mind the high 401(k) contribution limits that are available to you and your plan, and plan accordingly.  Also, be cognizant of the fact that employee elective deferrals must be made by December 31 of the year in which the…read more →

401(k) Loans

Ah, the double-edged sword of 401(k) loans.  Most of us love them…even if it is only for the freedom we feel that they are available to us.  However, the double-edge of 401(k) loans is that while we have the freedom to take out the 401(k) loans, there is also the responsibility to repay the loan based on the requirements outlined…read more →

Operation of a Self-Directed 401K

The operation of a self-directed 401K is much more than just opening an account for the plan.  Unfortunately, that is how many people perceive it as the individual 401K plan has much less reporting requirements than its cousin, the multi-participant 401K plan.  While certainly not faced with the same type of reporting requirements, the operation of a self-directed 401K plan…read more →

Real Estate Agents Investing With Self-Directed IRAs

Real estate agents investing with self-directed IRAs can make some mistakes with how they execute their self-directed investments.  I wanted to write this post after a recent seminar with real estate agents, which included real estate agents investing with self-directed IRAs.  The meeting was to introduce the benefits associated with real estate agents not only establishing their own self-directed retirement plan,…read more →