IRA Financial Group Introduces Free Publication for Solo 401K Clients on the IRS & ERISA Plan Rules

Share Article

Clients of the IRA Financial Group will receive a free 50 page publication on the solo 401(k) plan rules

Self-Employed Individual - Solo 401K Plan

“In addition to having access to our in house tax-attorneys, we believe our in-depth free solo 401(k) publication will be a very helpful tool for our solo 401(k) plan clients,” stated Mr. Bergman.

IRA Financial Group, the leading provider of self-directed solo 401(k) plans, is now offering all its solo 401(k) plan clients a free 50 page publication on the solo 401(k) plan rules. The in-house tax attorneys of the IRA Financial Group have spent the last six months working on a publication that will provide an in-depth overview of all the IRS and ERISA rules governing the establishment and operations of a solo 401K plan, also known as an individual 401k plan, or self-employment 401K plan. “We believe it is crucial that our clients are provided the resources necessary to fully understand the rules involved in creating and maintaining an IRS compliant solo 401(k) plan,” stated Adam Bergman, a tax attorney at the IRA Financial Group. “In addition to having access to our in house tax-attorneys, we believe our in-depth free solo 401(k) publication will be a very helpful tool for our solo 401(k) plan clients,” stated Mr. Bergman.

IRA Financial Group’s solo 401K plan is unique and so popular because it is designed explicitly for small, owner only business. With IRA Financial Group’s solo 401K plan, self-employed individuals or small business owners with no employees can benefit by making high annual contributions – up to $49,000 - with an additional $5,500 catch-up contribution for those over age 50, make traditional as well as non-traditional investments, such as real estate, as well as borrow up to $50,000 or 50% of their account value tax-free and penalty free. IRA Financial Group’s solo 401(k) plan is a trustee directed plan meaning the trustee and not the custodian is in charge of making investment decisions on behalf of the plan. With a solo 401(k) plan, in most cases the trustee will be the plan participant providing the plan participant with greater control and investment authority over his or her retirement funds. In addition, with IRA Financial Group’s solo 401K Plan, the plan account can be opened at any local bank, including Chase, Wells Fargo, and even Fidelity.

IRA Financial Group’s solo 401K plan is easy to operate. There is generally no annual filing requirement unless the fair market value of the assets in the solo 401K Plan exceed $250,000, in which case a short information return will be required to be filed with the IRS (Form 5500-EZ).

The IRA Financial Group takes great pride in providing our clients with expert tax support along with the free resources to make sure their solo 401(k) plan is in line with IRS rules.

The IRA Financial Group was founded by a group of top law firm tax and ERISA lawyers who have worked at some of the largest law firms in the United States, such as White & Case LLP and Dewey & LeBoeuf LLP.

IRA Financial Group is the market’s leading “Checkbook Control” Self Directed IRA and Solo 401k Plan Facilitator. We have helped thousands of clients take back control over their retirement funds while gaining the ability to invest in almost any type of investment, including real estate tax-free and without custodian consent!

To learn more about the IRA Financial Group please visit our website at http://www.irafinancialgroup.com or call 800-472-0646.

# # #

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Jaclyn Baily
IRA Financial Group, LLC
800-472-0646 9
Email >
Visit website