FinancialSuccessInstitute.org Releases Important Tax Year Information for Self Directed 401K or IRA Account Holders

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FSI today is releasing Information needed by self directed 401K or IRA account holders that they will use to take action maximizing their self directed 401K or IRA retirement savings while minimizing taxes.

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Richard Geller CEO and managing director of Financial Success Institute

Although we are into the New Year, self directed 401K or IRA investors can still make contributions to their self directed 410K or IRA account and deduct it from their 2011 taxes.

Richard Geller, CEO and managing director of FinancialSuccessInstitute.org, announced today, "As the New Year begins, the Institute is informing subscribers that it's time for self directed 401K or IRA investors to take steps to minimize their taxes for 2011 and maximize their self directed 401K or IRA savings going into 2012. One important point for 401K or IRA investors to know is that if they made their contribution with after tax dollars they need to hold onto the deposit slip to write off their self directed 401K or IRA contributions from their income taxes before April 17 (tax day)."

Geller continues, "Self directed 401K or IRA investors also need to know the annual contribution limit for Solo 401K accounts is going up in 2012. IRA account holders should consider rolling over their IRA to a 401K.

FinancialSuccessInstitute.org recently released new information about 401K Rollovers that all investors need to know about. Contribution limits for a self directed 401K or IRA in 2012 are $50,000 for a self directed 401K and only $5,000 for an IRA. Those over age 50 that contribute to a 401K or IRA can include an additional $5,500 to a self directed 401K and an additional $1,000 to an IRA. Clearly between a self directed 401K or IRA, the 401K offers far superior tax savings and it gets better in 2012."

Geller adds, "Although we are into the New Year, self directed 401K or IRA investors can still make contributions to their self directed 410K or IRA account and deduct it from their 2011 taxes. In fact, it's allowable to still open a new 401K or IRA account and deduct the contributions from 2011 taxes. Self directed 401K or IRA accounts can be opened and funded right up until April 17. There is more important news about the self directed 401K or IRA that most people don't know. If you file a tax extension you have until October 15 to fully fund your self directed 401K or IRA."

Geller concludes, "People wanting to start or fund a self directed 401K or IRA still have time to do it and write it off 2011 taxes. Maybe investors received a year end bonus they can now add to their self directed 401K or IRA. In some cases, it even makes sense to take out a loan to fund a self directed 401K or IRA before 2011 taxes are filed. Readers are encouraged to learn all they can about the self directed 401K or IRA at FinancialSuccessInstitute.org."

About FinancialSuccessInstitute.org. The institute is devoted to educating readers and subscribes about investing alternatives and protecting wealth once acquired. Information about the self directed 401K or IRA is only a small sample of resources available to subscribers. In addition to the self directed 401K or IRA, other information readers can access includes investing in real estate, debt settlement, legally minimizing taxes, super trusts, and asset protection.

Disclaimer: Information here and at FinancialSuccessInstitute.org is not legal or professional advice regarding the self directed 401k or IRA or any other retirement account activity. It's intended only as general information sharing. Seek professional assistance regarding your specific circumstances and applicable laws to assure you understand the self directed 401K or IRA or before taking any other retirement account action.

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Richard Geller
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