Real Estate Solo 401k In-Kind Distribution Rules and Reporting
Thursday, June 25
While solo 401k distributions are not mandatory until the solo 401k owner reaches age 70 1/2 (the technical IRS lingo is Required Minimum Distributions), it is not well known that solo 401k distributions can also be made in the form of a hard asset (for example, real-estate) instead of cash. In...
Invest Self-Directed Solo 401k in Physical Real Estate and Land
Saturday, June 20
A self-directed solo 401k may own/invest in physical real estate (e.g., family homes, apartments, condominiums, commercial buildings and land), provided the 401k investment and prohibited transaction rules are followed. The 401k real estate investment rules are, for the most part, straight forwar...
Investing Retirement Funds in Own Business vs. a Third-Party Business
Wednesday, June 10
The retirement account regulations allow business owners or aspiring entrepreneurs to invest their own retirement funds in their own business (known as an active investment) or a third-party business (commonly referred to as a passive investment). Both of these investment types will not subject t...
Rollovers as Business Start-Ups (ROBS) is not a Participant 401k Loan
Thursday, June 04
When you take advantage of a ROBS transaction to rollover your 401k or other retirement funds to start a new business (or finance an existing business), it is not the same as taking a loan/borrowing from your 401k funds. Instead, you are investing your retirement savings in your own business ...
Compare: Self-Directed Solo 401k vs. Self-Directed IRA
Saturday, May 30
The most popular self-directed retirement accounts include the solo 401k and the self-directed IRA. In this blog, we cover the similarities and differences between these two vastly popular self-directed retirement accounts.The Self-Directed IRA and Solo 401k Similarities Both were created by co...
Co-invest with my 401k in a newly formed LLC
Friday, May 22
QUESTION: The LLC for the land acquisition did not get formed last year. This project is getting ready to start. I have changed the strategy. My intent is to co-invest with my 401k in newly formed LLC, to be capitalized 24% by 401k and 76% by me. This is to enable funding of land and the ...