Self-Directed IRA & 401K Basics

SD 401K Plans — 2013 Contribution Limits

For those of you who have your own self-employed businesses that does not employ any other individual (other than potentially your spouse), keep in mind for your retirement contribution plans that the 401K is not your father’s 401K.  Well, actually, it kind of is, as the IRS doesn’t differentiate between a 401K plan sponsored by an employer with employees vs….read more →

Self-Directed 401K Plans — A Different Type of 401K?!

Well, yes and no.  So, let’s explain. In the eyes of the IRS, a 401K is a 401K.  There is probably no where in the IRS code where you will see any reference to Self-Directed 401Ks, Solo Ks, I-Ks and so on and so on.  All those terms are more marketing driven than actual IRS terms.  However, the IRS does…read more →

2012 Year End Reporting of 401K Plan Assets

With 2012 ending and you most likely starting to file for your 2012 taxes, it is time to provide a timely reminder on any filing requirements you have for the 401K plan in which you operate as the plan trustee for your plan.  When do you need to report the value of your plan?  Quite simply when: 1)  The plan…read more →

IRS Increases 2012 401K Contribution Limits….But, Just Barely

Any  increase in the level of contributions that can be made to a 401K plan is always good.  The more that we can shelter into our 401K on a pre-taxed basis or Roth basis is something that we all need to seriously contemplate. So, in getting ready for making final contributions into your plan during the rest of 2012, remember…read more →

Self-Directed IRA Co-Ownership — I Know I Can’t Do This….But?!

Many times, husbands and wifes who wish to use their respective IRA accounts for self-directed investments want to be co-owners of each others IRAs so they can make investments from one account. While a husband and wife can, generally speaking, rollover funds into ONE self-directed 401K where they both serve as co-trustees, this cannot be done with an IRA.  However,…read more →

Self-Directed IRA — Let’s Keep it Basic

I think all of us know, practically speaking, what an IRA is.  However, sometimes it is good to review the subject matter and see what the IRS defines as an IRA. It is important to know that there are different IRAs…..Traditional, Roth, SIMPLE and SEP.  But, for today, let’s keep it basic and define what an IRA is.

You Don’t Have to Put All of Your Money in a Self-Directed IRA or 401K

Many people, when first establishing self-directed IRA or 401K accounts, belive it is an all-or-nothing proposition as it relates to the rollover of funds into the new self-directed plan.  In a nutshell, they believe that if they had a $100,000 in an traditional IRA, they would have to transfer or rollover the entire amount into the new self-directed IRA or…read more →

Total Control SD IRA & 401K — How Do I Get?

Having a self-directed IRA or 401K is one step toward obtaining complete control. To obtain a truly self-directed retirement account you need PGI Self-Directed and its unique system of allowing you the most . This is the structure that gives you checkbook control. When you simply establish an account with a self-directed custodian, you are still required to get permission…read more →

Prohibited Transactions — What the Heck are they!?

What does IRS Prohibited Transactions have to do with the Holy Trinity of cooking? Well, where the holy trinity is the core to cooking, Prohibited Transactions are the core to qualified retirement plans (e.g., IRAs, 401Ks). You have to make sure you know and do not violate IRS Prohibited Transactions!

Self-Directed IRAs & 401Ks — Is This New? Is This Legal?

The answer to the first question is no. The answer to the second question is YES. With Congress’s passing of ERISA (Employee Retirement Income Security Act (of 1974)), individuals have been able to self-direct their retirement investment decisions. There is nothing precluding individuals from self-directing either their IRA or 401K assets as long as their plans are established and maintained…read more →