14 Tips for Choosing A ROBS 401k Business Financing Provider
Sunday, December 27
TIP # 1 – Look for a that doesn’t pay referral fees to business brokers, etc. but instead passes on the savings to the client. The savings will typically amount to $1,000 at initial setup. TIP # 2 – Look for a ROBS 401k business financing provider that doesn’t start charging a maintenance fee ...
Hard-to-Value Assets in Self-Directed IRAs on IRS Audit Radar
Wednesday, December 23
Effective in 2015, it became mandatory that self-directed IRA custodians reveal to the government the types of hard-to-value assets held inside self-directed IRAs. These types of assets include LLCs (commonly referred to as a single member IRA LLC) that are funded with self-directed IRA funds. Th...
Difference between Solo 401k Dec. Adoption and Contribution Deadline
Sunday, December 13
Don't confuse the solo 401k plan set up/adoption deadline with the solo 401k contribution deadline. For this year, the the solo 401k set up deadline is December 31, 2015. However, the solo 401k contribution deadline, which is based on the business tax return filing due date, is not until 2016.In...
Contribute to a Non-Deductible IRA on top of a Solo 401K
Sunday, December 06
I have a question on whether I can still contribute to a separate non-deductible traditional self directed IRA on top of my existing allowable Solo 401K annual contributions and file the non-deductible amount on form 8606?Answer: Yes the IRS regulations allow for what they call IRA non-deductibl...
Can I buy pre-IPO options with My Self-Directed Solo 401K
Tuesday, December 01
QUESTION: What if I contribute cash into my solo 401k and then buy pre-IPO options with it? The options are valued by an independent auditor (though not currently traded). An important aside is that the options are currently in my name - granted to me in lieu of compensation and declared as inc...
Invest solo 401k in Diamond Gems
Thursday, November 19
QUESTION: Can the solo 401k plan invest into purchasing diamonds ? I am talking about individual diamonds (solitaires). This is purely from investment decision making perspective?ANSWER: Because diamonds fall under the Gems category, the IRS regulations do not allow for the investment of retir...