IRA Financial Group to Offer Solo 401(k) Plan Contribution Master Guide for all Solo 401(k) Plan Clients

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Solo 401(k) Plan master contribution guide will offer in-depth analysis of the Solo 401(k) plan contribution rules for 2013 and 2014

Solo 401(k) Plan master contribution guide will offer in-depth analysis of the Solo 401(k) plan contribution rules for 2013 and 2014

The Solo 401(k) Plan Contribution Master Guide will be provided free to all Solo 401(k) Plan clients to allow for maximum retirement savings potential

IRA Financial Group, the leading provider of IRS approved Solo 401(k) Plans announces the release of its 2013 and 2014 Solo 401(k) Plan Contribution Master Guide. The 2014 Solo 401(k) Plan Contribution Master Guide will provide IRA Financial Group clients with a detailed overview of the solo 401(k) plan contribution rules for 2013 & 2014, including the employee deferral and profit sharing rules. “The 2014 Solo 401(k) Plan Contribution Master Guide will be provided free to all Solo 401(k) Plan clients to allow for maximum retirement savings potential, “ stated Susan Glass, a tax professional with the IRA Financial Group.

Under the 2013 & 2014 Solo 401(k) contribution rules, a plan participant under the age of 50 can make a maximum employee deferral contribution in the amount of $17,500 to an IRA Financial Group solo 401(k) Plan. That amount can be made in pre-tax or after-tax (Roth). On the profit sharing side, the business can make a 25% (20% in the case of a sole proprietorship or single member LLC) profit sharing contribution up to a combined maximum, including the employee deferral, of $51,000.

For plan participants over the age of 50, an individual can make a maximum employee deferral contribution in the amount of $23,000. That amount can be made in pre-tax or after-tax (Roth). On the profit sharing side, the business can make a 25% (20% in the case of a sole proprietorship or single member LLC) profit sharing contribution up to a combined maximum, including the employee deferral, of $56,500.

The annual Solo 401k contribution rules consists of 2 parts, an employee salary deferral contribution and an employer profit sharing contribution. “The 2014 Solo 401(k) Plan Contribution Master Guide will help our Solo 401(k) Plan clients take advantage of the very attractive retirement benefits offered by the IRS approved Solo 401(k) Plan, “ stated Ms. Glass.

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, also known as an individual 401K plan, self-employed individuals or small business owners with no employees can benefit by making high annual contributions – up to $50,000 - 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.

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.

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Jaclyn Baily
IRA Financial Group, LLC
+1 (800) 472-0646 Ext: 9
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