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Results (2,651+)
Dmitriy Fomichenko Self-Directed Solo 401k for Real Estate Investors – Q&A
13 January 2023 | 348 replies
IRS does not allow Roth IRA rollovers into 401k.
Richard Howell Solo 401k - High Yield Savings Account
7 June 2018 | 7 replies
As the month rolls over we roll over one month increments to our local checking account.
Scott Drennan Solo 401k - LLC - Brokerage & Bank Structure
24 April 2016 | 2 replies
I'm thinking I would then do a large rollover from another 401k into this Solo 401k by putting the funds in a Fidelity brokerage account with check writing.  
Colleen Melilli Solo 401K
30 May 2016 | 4 replies
Are we allowed to fund it with an old Roth rollover or can we only make a new annual contribution of 24K?
Miguel Romero Transferring $from TSP TO SELF DIRECTED IRA
11 June 2022 | 21 replies
(You can't roll over your TSP if you still serve/are employed by the feds.) 
Joe Au How to convert to self directed 401K
11 October 2016 | 11 replies
@Joe AuFollowing 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.)
Cathleen Ohannigan Self Directed Checkbook IRA
9 June 2017 | 5 replies
Another good source of general information about using IRAs for real estate investing is Investment Resource of AZ, LLC, with blogs and an e-book from rollover specialist EvelynCarey.
Daniel Dietz Does it ever make sense to go from ROTH to Traditional?
9 December 2017 | 6 replies
Dan,you can't rollover Roth IRA into Roth Solo 401k.
Drake Espenlaub Current IRA to Self Directed IRA conversion?
10 December 2017 | 7 replies
Most companies hat allow loans do not allow in-service rollovers or withdrawals meaning that the other 50% is stuck until you leave (which at that point the loan would be due or it would be viewed as an early withdrawal and subject to taxation and penalties).
Lenny Smith Let's get right to it, I need financial advice.
10 May 2020 | 38 replies
Can you roll over the inheritance into your own IRA a bit at a time to save on taxes?