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What else can I help you with?
Which websites carry information on solo 401k plans?
The Solo 401k plan was enacted by the Economic Growth and Tax Relief. You can contact an adviser at Ameritrade to discuss your options with the plan.
Do you have to own a business to have a Solo 401k?
To have a Solo 401k you have be the sole proprietor of a business, be in a partnership or establish a corporation. Essentially, you need to be self employed;not employed by another. To not have to file tons of paperwork, you should not have any employees except a spouse. If you have other employees, having a 401k becomes more complicated.
Is a self directed IRA LLC a legal way to start a business?
A self directed IRA LLC is a good way to invest in businesses and real estate if you are investing strictly for the sake of having passive investments which yield passive income. If your intention is to operate a business and still take advantage of tax deferred investments in real estate, gold and own shares of other privately held companies then your best bet is to start a solo 401k. With a solo 401k you can start the business and still have a self directed solo 401k. For more information on the solo 401k, you may visit www.irafinancialservices.com
What is another name for the solo 401k?
401k is a pension plan in USA which is tax identified. The name is taken after subsection 401k of internal revenue code. Each year there is a contribution limit.
Can I roll money over from an IRA into an individual 401K plan?
Yes. You can do so, but be careful when choosing to do that. Not all solo 201k plans allow for the rolling over of money from an IRA. Do plenty of research before making a decision.
What is the deadline for employee contributions to a solo 401k plan?
The deadline for employee contributions to a solo 401(k) plan is typically December 31st of the calendar year.
Do self-employed workers need a solo 401k?
Yes, if your self employed you are responsible for a retirement fund. If no 401k account is created, and you remain self employed you will only have what cash you have in the bank to live on.
Who is a famous soccer player?
Hope Solo : she is one of the stars on abc's dancing with the stars . she is a goalie . u can find more info at abc.go.com/shows/dancing-with-the-stars/bio/hope-solo/854714
If your employer doesn't offer any 401k benefits can you setup one with a bank or investment firm?
As an employee, you cannot directly setup a 401K, it must be set up by your employee. If you are self employed (generally defined as you get a 1099 vice a w2 but the 1099 can't be from a bank or stock account and you report the income on schedule e, se or f of your income tax return), such as a real estate salesperson or a sole proprieter, you can set up a solo 401k. Additional info is available at http://www.penscotrust.com
Who is a famous female soccer player?
Hope Solo : she is one of the stars on abc's dancing with the stars . she is a goalie . u can find more info at abc.go.com/shows/dancing-with-the-stars/bio/hope-solo/854714
What is the long distance rate for solo mobile?
Long Distance Rates for Solo Mobile is 35 cents per minute. It's the same rate as for the local calls. For more information on rates & plans, you can visit www.solomobile.ca
What is the general retirement plan for a lawyer?
One of the disadvantages of the Legal profession is that many law firms don't have a retirement plan as such. Attorney's are expected to put their money away for retirement. More and more firms are offering 401K plans for their employees. Solo practitioners are on their own. Many lawyers look for corporate positions because they provide a full range of benefits, including retirement and medical, as well as provide a stable job with more or less fixed hours.
