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MySolo401k

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What is a Self-Directed IRA? A self-directed IRA gives the IRA owner control over the investments, whether real estate, promissory notes or tax liens, for example, by affording the IRA owner (instead of the IRA custodian) option to select the investments. The self-directed IRA owner thus bears ...
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MySolo401k

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Whether a full-time employer 401k or a self-employed solo 401k, both may be invested in real estate, from rental properties to land and fixer-uppers. However, a self-employed solo 401k is generally easier to invest in real estate than a full-time employer 401k plan. Reason being, in order to ...
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MySolo401k

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The Do's and Don'ts of Self-Directed Solo 401k. Often referred as a self-directed solo 401k by solo 401k plan document providers because the plan can be self-directed by the plan's trustee (generally the business owner) in alternative investments such as promissory notes, tax liens, ...
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MySolo401k

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When was the Solo 401k first available? Employer-sponsored retirement plans have been in existence since the nineteenth century. The IRS has confirmed that the solo 401k plan has been available since the creation of the 401k in 1974, resulting from the enactment of the Employee Retirement Income ...
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MySolo401k

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MySolo401k

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It really makes perfect sense why one would open a checkbook IRA LLC. Following are the main reasons to open a checkbook IRA LLC. More control & less fees. First let's define checkbook IRA LLC. As the name implies, when one, usually the IRA LLC manager, which is usually the IRA participant, ...
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MySolo401k

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A solo 401k, a type of retirement account but for the self-employed, may be invested in an LLC, whether a single member or multi member LLC. This blog will cover the process of investing a solo 401k in an LLC where the only member of the LLC will be the solo 401k.
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MySolo401k

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A 401k may own/invest in real estate, but only if the 401k investment and prohibited transaction rules are complied with. Some of the 401k real estate rules include the following. The real estate property is not used by the 401k owner or certain relatives of the 401k owner (e.g., spouse, ...
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MySolo401k

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Grow Control Direct Solo 401k, Real Estate, Checkbook Control Self-Directed 401k, Self-Directed Solo 401k,
Introduction
Mark Nolan is Compliance Manager at MySolo401k.net a retirement services company that provides small businesses with 401k business funding solutions and affordable Solo 401k plans for investing in alternative investments such as real estate, precious metals, private companies, trust deeds and tax liens.
Contact Information
Contact info
Phone
800-489-7571
Email