Videos — 401K Basics

Self-Directed IRA — Ugh!! Let’s Do A Rah-Rah for the SD 401K!!

In the world of self-directed IRA custodians and IRA administrators, what is the common thread?  Well, if you said establishing self-directed IRA plans for its clients…give yourself a gold star!  Whether these companies are establishing your IRA plan with or without checkbook control, they are still establishing a self-directed IRA.  Are these plans of benefit to you, especially if you…read more →

Self-Directed 401K Fees — One Time Fee or Transaction Fees?

It used to be that no one knew what self-directed 401K plans were, let alone knowing the differences between 401K plans established with one-time fees, plans with transaction fees and the difference between the two.  Should one pay a lower fee but continue to pay annual maintenance and transaction fees?  That’s up to the account holder.  But, one should know…read more →

Self-Directed 401K Plans — No Annual Fees?!

For those of you who have researched a self-directed 401K plan, undoubtedly you have become quite aware that most, if not all, self-directed 401K companies will have annual 401K compliance fees or 401K administrative fees for the oversight of such the plan documents. This fee will typically range from $50 to $350 (or more) per year. Are these fees typical…read more →

Self-Directed 401K — Three Different 401K Plans?!

Well, practically speaking and based on IRS and DOL regulations, the tax code for 401K plans apply to all 401K plans. However, most people are not familiar with the fact that there are some different 401K eligibility and 401K reporting requirements for 401K plans and that is what we are going to introduce. Let’s take the 401K that most of…read more →

Rollover ANY Funds into Your Self-Adminstered 401K?!

Well, almost. While I have spoken about this before, it is interesting how I continue to receive questions related to what types (e.g., Traditional IRA, SEP-IRA, 457) of retirement funds CAN be rolled over into a self-administered 401K plan. I don’t mind….I don’t expect people to necessarily know this information and, as a result, some people believe that they can…read more →

Self-Directed 401K — How About NO CUSTODIAN Requirement?!

Ah, you have done all your research on self-directed IRA plans, you learn about all the IRS regulations and Prohibited Transactions affecting both IRA and 401K plans, and you even are trying to determine whether you should establish a Roth IRA or possibly do a Roth IRA conversion with your current funds. Undoubtedly, in your research, you quickly learned that…read more →

Your IRA or 401K Broker — An Oldie, but a Goodie!

First of all, I hope all of you had a wonderful 4th of July holiday. Certainly realizing that very few of us will probably actually be working on this day (July 5), I wanted to post this funny video because I believe at various times in all of our lives, we have experienced a similar experience to what is in…read more →

What are the Benefits of a Roth 401K?!

The benefits of a Roth 401K, especially when compared to a Roth IRA, are staggering. This video will help explain what these benefits are and, more importantly, why you may want to consider a 401K of any kind before an IRA. But, you must qualify for the 401K! As part of this video, it should be noted that it was…read more →

Self-Directed Roth 401K — More Good Stuff!

Okay, maybe it is because I am familiar with IRAs and qualified retirement plans (e.g., 401K plans), but while almost everyone has heard and understands (basically) the permissibiity of having a Roth IRA, most individuals who are current 401K participants (self-directed or not) have no clue that IRS regulations permit 401K plans and its participants to make Roth contributions. Here…read more →

Both Roth and Pre-Tax Contributions to a 401K Plan?

A question that often comes up is whether a 401K participant can make both Roth and pre-tax contributions to a 401K plan? While it is a simple answer, it is totally understandable why people do not know the answer to the question and why it may confuse them. Why? Well, it is because that 401K plans do NOT have to…read more →