Author Archives: Mark Nolan

Regulations
Solo 401k

Self-Directed Solo 401k: No Minimum Contribution, $50,000 Loans, $1,500 Credit, Mega Backdoor Roth

November 5, 2026 | By Mark Nolan

Self-Directed Solo 401k By Mark Nolan, Founder/ Compliance Officer, My Solo 401k Financial · Published November 5, 2026 Direct answer: A Self-Directed Solo 401k is a 401(k) plan for business owners with no eligible non-owner W-2 employees. The owner serves as trustee and chooses where the plan’s funds are held. The plan has its own […]

Regulations
Solo 401k

Self-Directed IRA Real Estate Rules: Not One Day of Personal Use (IRC 4975)

November 2, 2026 | By Mark Nolan

Self-Directed IRA Real Estate Rules: Not One Day of Personal Use (IRC 4975) By Mark Nolan, Founder/ Compliance Officer, My Solo 401k Financial · Published November 1, 2026 Direct answer: Self-Directed IRA real estate is legal, but the property must be held purely as an investment. Title goes in the custodian’s name for the benefit […]

Solo 401k

Solo 401k for 1099 Contractors: Only 1099-NEC Income Qualifies

October 22, 2026 | By Mark Nolan

Solo 401k With 1099 Income: No LLC Needed, Up to $72,000 for 2026 By Mark Nolan, Founder/ Compliance Officer, My Solo 401k Financial · Published October 21, 2026 Direct answer: A self-employed contractor can open a Solo 401k with 1099 income when that income is reported on Form 1099-NEC for services the contractor actually performed. […]

401k Business Financing

How does a ROBS 401(k) work?

September 27, 2026 | By Mark Nolan

How Does a ROBS 401(k) Work? Direct Answer: A ROBS 401(k) — rollover business startup — lets an entrepreneur use retirement funds to buy stock in their own C corporation without triggering a taxable distribution. Funds move from an IRA or former employer plan into the ROBS 401(k), which then purchases private stock in the […]

Regulations
Solo 401k

Solo 401k Prohibited Transaction: The $200,000 Vacation Home Mistake

September 23, 2026 | By Mark Nolan

Solo 401k Prohibited Transaction: The $200,000 Vacation Home Mistake Direct Answer: A Solo 401k prohibited transaction example is a plan owner personally using property their own plan holds. In the webinar’s case, “Fred” rolled $300,000 into a self-directed Solo 401(k) and used it to buy a $200,000 Florida vacation property; personally staying there even one […]

Solo 401k

Max Out Contributions to a Defined Benefit Plan & Solo 401k in the Same Year Including the Mega Backdoor Roth

September 18, 2026 | By Mark Nolan

DBK Strategy: Max Contributions to a  Solo 401(k) & a Cash Balance Plan (DBP) Direct Answer: Yes, a self-employed business can run the DBK strategy — a Solo 401(k) combined with a cash balance (defined benefit) plan — in the same year. For tax year 2026, the Solo 401(k) overall limit under IRC §415(c) is […]

IRA LLC

Self-Directed IRA LLC: Two IRAs in One LLC Triggers a Form 1065 Return

September 17, 2026 | By Mark Nolan

Self-Directed IRA LLC: $250,000 In, One LLC, Zero Personal Use Allowed Live webinar replay: Self-Directed IRA LLC rules, hosted by My Solo 401k Financial. Yes, a self-directed IRA can invest in an LLC, often called a self-directed IRA LLC or checkbook IRA LLC. The self-directed IRA can buy a minority membership interest alongside other investors, […]

Solo 401k

Complete Guide for Best Brokerage for Solo 401k

September 16, 2026 | By Mark Nolan

Solo 401(k) Brokerage Account: Fidelity vs. Schwab for 2026 Direct Answer: A Solo 401(k) brokerage account can be opened at Fidelity, Charles Schwab, Interactive Brokers, or TradeStation, but not at T. Rowe Price for a third-party plan. Fidelity supports direct ACH bank linking for contributions; Schwab requires mailed checks unless a personal Schwab account is […]

Uncategorized

Is a Solo 401k Tax-Free? Roth & Voluntary After-Tax vs Pre-Tax Rules

September 14, 2026 | By Mark Nolan

Solo 401k Tax-Free? Only the Roth Side Qualifies After 5 Years and Age 59½ Direct Answer: A Solo 401k is not automatically tax-free — its tax treatment depends on the contribution type. Pre-tax Solo 401k contributions are tax-deductible now but taxed later as ordinary income at distribution. Roth Solo 401k contributions are taxed now but […]

Solo 401k

What Is the Deadline to Complete a 2025 Mega Backdoor Roth Through a Solo 401(k)?

September 8, 2026 | By Mark Nolan

2025 Mega Backdoor Roth Deadline: September 15 or October 15, 2026 Direct Answer: The 2025 Mega Backdoor Roth deadline to open a Solo 401(k) and make the voluntary after-tax contribution is September 15, 2026 for S-corporations and partnerships, and October 15, 2026 for sole proprietorships and C-corporations. The overall 2025 contribution limit is $70,000 under […]

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