IRA Financial Group, Leading Solo 401(k) Provider, Announces Publication of its 2013 Retirement Plan Contribution Manual

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Solo 401(k) plan contribution manual will help IRA Financial Group clients calculate their maximum plan contribution for 2013

Solo 401(k) plan contribution manual will help solo 401(k) Plan clients calculate their maximum solo 401(k) plan contribution for 2013

The solo 401(k) plan contribution manual will help our solo 401(k) plan clients calculate their maximum employee deferral and profit sharing contribution for the 2013 tax year

IRA Financial Group, the leading solo 401(k) plan provider announces the release of its qualified retirement plan contribution manual for the 2013 taxable year. The self-directed 401(k) plan contribution manual will provide IRA Financial Group clients with a detailed guide to calculating the maximum plan contributions for 2013. “The solo 401(k) plan contribution manual will help our clients calculate their maximum employee deferral and profit sharing contribution for the 2013 tax year, “ stated Susan Glass, a tax professional with the IRA Financial Group.

Under the 2013 contribution rules manual, IRA Financial Group’s retirement participants will learn about how they can maximize their annual tax-deferral or Roth plan contributions. For the 2013 taxable year, a qualified retirement 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 individual 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 2013 401(k) plan contribution guide will help our Solo 401(k) Plan clients take advantage of the very attractive retirement benefits offered by the IRS approved individual 401(k) Plan, “ stated Ms. Glass.

IRA Financial Group’s self-directed 401(k) plan is unique and so popular because it is designed explicitly for small, owner only business. With IRA Financial Group’s 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 self-directed 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 self-directed qualified retirement 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, 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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