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Self-Directed Solo 401k IRS Distribution Rules

Saturday, February 27

A includes employee (salary deferral) and employer (profit sharing) contributions. Each contribution type has separate distribution rules. TYPE 1: Employee contributions under a self-directed solo 401k have more stringent distribution rules. For instance, employee contributions generally cann...


ROBS 401k Prohibited Transaction

Monday, February 22

QUESTION: I have and Equity Trust self-directed IRA and have been told by others that I can set up a C-corp and put my 401k funds into it as a stock investment and then use the proceeds to buy a B&B and run it while living in it. Is this true and not self-dealing? I assume I would set up...


ROBS 401k Double taxation with a C Corporation Franchise Venture

Monday, February 01

QUESTION:I just had a question about double taxation with a C Corporation venture. I met with my franchiser yesterday and talked about my plan. He has never dealt with a franchisee using a 401k rollover as business startup to date but is very interested in finding out how the process works. We...


SBA Loan for Rollover Business Startup ROBS 401k Franchise Transaction

Friday, January 29

QUESTION: I'm looking at purchasing a franchise and would like to roll my $55K 401K from my former employer using ROBS to help fund it. I then plan on applying for an SBA secured loan through a local bank for the rest. Also, the 401K has an outstanding loan of about $21,600 that I’d like to...


Maxing Out My Solo 401k in Addtion to Fortune 500 Company 401k Plan

Friday, January 22

This is John. I had the pleasure of talking with you this afternoon. You brought up other interesting strategies for me to contribute more earned income from my personal business (in addition to me maxing out my Fortune 500 company 401k @ around ~$59,000).Yes the 401(k) regulations allow for co...


I flipped two houses under my Solo 401k Trust

Saturday, January 09

QUESTION: I flipped two houses under my Solo 401k Trust. Would I need to fill out any IRS forms for the activities - even though none of the proceeds are taxed?ANSWER: That is a very good and tough question. Reason being, while a solo 401k can be invested in real estate and the profits genera...