Self-Directed 401K Plans

Gifting Life Insurance to Charity

Well, one thing about how I write blogs.  Whether they are written well or poorly, whether they capture the reader’s attention or not, I will get on a topic and continue to write on the same topic for a while.  We have been on the topic of various options for giving to charities, and one topic within this arena is…read more →

Various Gifting Options for Charities

There are various gifting options for charities that a charitably-minded individual might consider.  Using a self-directed IRA or 401(k) plan to donate is not necessary, however, an individual may wish to establish a self-directed plan during the accumulation years of their plan to grow their retirement account with the freed0m and flexibility they may desire.  Also, it actually may be easier …read more →

Charitable Gift Options Using a Self-Directed 401(k)

When individuals are considering charitable gift options they rarely consider the most logical source to do such gifting….the funds that are the most taxed for estate purposes.  Okay, more simply, retirement plan account funds….specifically, for most, IRA and 401(k) funds.  It almost seems as if a prospective donor never seriously considers using such funds and, in my opinion, the charitable…read more →

Self-Directed 401k Plans — When Life is Going Well?

This is a post I like to re-visit from time to time. I think one trait that can affect all of us is that when times are bad, boy are they bad.  And, when times are good, well, they are good.  That’s human nature to be swayed by polar opposites that may affect us. With the financial markets reaching unsurpassed highs, it…read more →

Self-Directed IRA & 401k Prohibited Transactions — Ask Yourself Questions

Probably the best advice any person, blog, etc. can provide someone who is either self-directing their retirement assets or considering establishing a self-directed IRA or self-directed 401(k) plan is to seek out professional tax and/or legal guidance.  Sometimes in the moment of establishing their plans, individuals can make an assumption that such as endeavor is not difficult and, as a…read more →

Self-Administered 401k Plans — It’s More than Having Control

We all get it…there are a lot of benefits to being the Trustee of your own 401k plan.  The ability to control your own 401k plan and invest the funds of that plan into assets that you believe are in the best interests of the plan. That freedom to invest in a world that can certainly include stocks, bonds and mutual funds,…read more →

IRS Rollovers — A Simple Chart!

Did I actually say IRS and Simple in the same sentence?! Well, yes, I did.  Most of us believe that it seems like anything related to the IRS is not simple.  And, for most, the conversations of what a “rollover” is, what a “transfer” is and how they are different from each other can make one’s head roll. However, the…read more →

Solo 401(k) Plans — You Gotta Be Self-Employed!

Well, duh! While I’ve done a post or two in the past on this and it really is not a complicated matter…or shouldn’t be…it is always good to re-visit the subject matter. Why?  Well, when people are inquiring about self-directed plans, they understand that a 401(k) plan has some inherent benefits over an IRA.  Some of the benefits of the…read more →

Self-Directed 401k Plan Reporting — Facts & Circumstances

For those of you that have or are considering an individual 401(k) plan (self-directed or not), you most likely have been educated that for an individual plan, an annual reporting of plan assets does not need to occur for an individual plan (individual plan with no common law employees and limited to the business owner and his/her spouse) unless assets…read more →

Rollovers Into a Self-Directed 401(k) — Reporting Reminders

It really doesn’t matter whether a rollover is being made into a self-directed 401(k) vs. your traditional 401(k)…a rollover is  a rollover as it pertains to rolling over assets into the 401(k) and correctly reporting the rollover to the IRS. I have done past posts railing on some financial institutions who, in my humble opinion, do not correctly report the rollovers…read more →