Author Archives: George Blower

Self-Employed 401k Question Answered – How can I take withdrawals from my Solo 401k when I retire?

Self-Employed 401k Question: How can I take withdrawals from my Solo 401k when I retire?

Self-directed Checkbook IRA LLC FAQ Can I invest my Self directed IRA in my existing LLC?

I am considering setting up an IRA LLC to invest my Roth IRA funds in real estate. I already have an LLC for my business (which sponsors a Solo 401k).  Can I use the same LLC for this IRA and then open a separate checking account?

Self-directed Solo 401k FAQ: Can I invest my Solo 401k funds in Crypto via my Schwab account?

If I want to invest in crypto – can I do that through my Schwab brokerage account for my Solo 401k? Or do I need an account elsewhere?

Self-Employed 401k Question Answered – If I already have a SEP IRA Can I Open a Solo 401k for 2022?

 I have a single member LLC taxed as a sole proprietor.  I have been contributing to a SEP IRA and have already filed my 1040 for 2021.  I just learned I can do a Solo 401k in an LLC.  Am I correct in thinking that I can establish a Solo 401k for 2022, fund it in 2023 before my 1040 is due (with extension), and fund it 100% with after-tax contributions up to $67,500?  My Schedule C Line 31 will be over that amount and I over 50 years of age.

Self-Employed 401k – Do I still have time to make 2021 Mega Backdoor Roth Solo 401k contributions?

Do I still have time to make Mega Backdoor Roth Solo 401k contributions for 2021?

Self-Employed 401k FAQ: I have a DB Plan- Can I still make the max Mega Backdoor Roth contributions?

I have a Defined Benefit Plan.  Can I fund my solo 401(k) entirely with after-tax (not Roth) contributions and then move the entire amount to backdoor Roth?

Self-directed Checkbook IRA LLC FAQ – Can I open the bank account for my IRA LLC at any bank?

I am looking to set up a Roth IRA LLC to invest in real estate.  Can I open the IRA LLC bank account at any bank?

Self-directed Checkbook IRA LLC Question Answered – How should I name my IRA LLC?

I am thinking of setting up a Roth IRA LLC to invest in cryptocurrency. Should one name his/her Roth IRA LLC containing parts of his/her name? or use a non-personal name?

Self-directed Checkbook IRA LLC Question Answered – How to purchase real estate with my IRA LLC?

Self-directed Checkbook IRA LLC Question Answered – How to purchase real estate with my IRA LLC?

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