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Results (2,657+)
Mike S. Rollover from ROTH IRA to ROTH solo 401k under CARES Act?
26 May 2020 | 3 replies
You can not rollover funds from a ROTH IRA to a ROTH solo 401k per the IRS rollover matrix.Under the CARES Act you can take a $100k withdrawal/distribution without penalty from your IRA or QRP, and if you repay it into a retirement plan within 3 years, you won't pay tax on it.
Dan DiCairano Self Directed Roth IRA
1 June 2020 | 7 replies
I am looking to rollover my traditional 401k & Roth 401k into a self directed Roth IRA.
Nicholas Grandstaff Cash out of a beneficiary account?
1 April 2021 | 7 replies
If it was your spouse leaving you an IRA you could do a roll over into your own self-directed IRA and use that to invest in real estate but with anyone else you can't do that.
Account Closed I need landlords’ opinions on this.
6 April 2021 | 15 replies
The bottom line is that what he is doing is shady and wrong and I’m not just going to roll over and take it.
Lisa D. Water damage-Tenant did not report leaking dishwasher
11 February 2021 | 9 replies
Otherwise it might roll over to a month to month.  
Shelby Willitts Has anyone used a self-directed IRA?
26 January 2022 | 52 replies
Anything you have read indicating different contribution limits is either incorrect or something you are misinterpreting.It is typically about a 3-4 week process to setup a new plan and get it funded via rollover from a prior plan. 
Tony C. Combining retirement funds of family into 1 solo 401k
12 December 2016 | 8 replies
I am not a tax attorney, but I seriously doubt that you will be able to roll over IRA funds in your sister's name into a 401(k) that is in your name.  
Will Schryver Anyone have experience using 401k to fund their LLC?
8 March 2021 | 21 replies
The limit is the lesser of $50K or 50% of the account value.There is a program referred to as a Rollover as Business Startup that allows you to use existing retirement funds to become a shareholder of a corporation that you own & operate.  
Bernie Huckestein Advice to secure property while setting up SDIRA
7 December 2016 | 2 replies
Following are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k Similarities Both were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions; andBoth are prohibited from investing in assets listed under I.R.C. 408(m).The Self-Directed IRA and Solo 401k DifferencesIn order to open a solo 401k, self-employment, whether on a part-time or full-time basis, is required;To open a self-directed IRA, self-employment income is not required;In order to gain IRA checkbook control over the self-directed IRA funds, a limited liability company (IRA LLC) must be utilized;The solo 401k allows for checkbook control from the onset;The solo 401k allows for personal loan known as a solo 401k loan;It is prohibited to borrow from your IRA;The Solo 401k may be invested in life insurance;The self-directed IRA may not be invested in life insurance;The solo 401k allow for high contribution amounts (for 2016, the solo 401k contribution limit is $53,000, whereas the self-directed IRA contribution limit is $5,500);The solo 401k business owner can serve as trustee of the solo 401k;The self-directed IRA participant/owner may not serve as trustee or custodian of her IRA; instead, a trust company or bank institution is required;When distributions commence from the solo 401k a mandatory 20% of federal taxes must be withheld from each distribution and submitted electronically to the IRS by the 15th of the month following the date of each distribution;Rollovers and/or transfers from IRAs or qualified plans (e.g., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)
Joe White Can 403K Funds be used as SDIRA w/same employer?
8 December 2016 | 6 replies
Some company sponsored plans may allow you to roll over your contributed amounts.