IRA LLC

IRA LLC

Roth IRA Turned 20 in 2018 & 16 Roth IRA Facts

December 24, 2018 | By Mark Nolan

Roth IRA contributions were first allowed in 1998 as a result of The Tax Relief Act of 1997 which created the Roth IRA. The Roth IRA was named after the now deceased Senator William Roth, Jr. (R-Del.) who lobbied the most for it. Here are some facts regarding the Roth IRA: 1. You can be over […]

IRA LLC

Solo 401k Retirement Creation for CEO

December 6, 2017 | By Mark Nolan

QUESTION: I am the co-founder and CEO of a company.  I am on payroll as an employee, and we don’t yet have a retirement vehicle setup for our employees (we hope to by mid-2018). My questions has to do with my personal situation.  Do you offer a retirement vehicle, other than my personal Roth IRA, […]

IRA LLC

ROTH IRA LLC Contribution Facts

December 20, 2014 | By Mark Nolan

Contributions can be made if you have earned income You contribute already taxed funds (after-tax funds) to a Roth IRA You cannot take a tax deduction for your Roth IRA contribution like you can for a Traditional IRA You can make Roth IRA contributions both before and after age 70 ½ whereas Traditional IRAs cannot […]

IRA LLC

Transfer 401k to Self-Directed IRA LLC

October 22, 2014 | By Mark Nolan

QUESTION: I live in Virginia and I have a 401k account that want to roll over into a Roth IRA or traditional IRA so I can minimize taxes and fees and use some of the money to purchase a home as an investment in Virginia. Is this possible? I am no longer working for the […]

IRA LLC

Solo 401k Real Estate | IRA LLC Real Estate

October 20, 2014 | By Mark Nolan

I have an existing IRA and would like to be able to invest in real estate using my retirement funds. Please provide me with additional information. Thanks, MH As a Solo 401k provider and self-directed IRA LLC facilitator, we can assist you with opening a self-directed solo 401k or an IRA for investing in real […]

IRA LLC
Solo 401k

Can I transfer self-directed Roth IRA to a Self-Directed Solo 401k?

October 17, 2014 | By Mark Nolan

QUESTION:  Any progress with the laws where we can transfer over my self directed Roth to a self-directed solo 401k?  I have mine with Pensco and they are a huge pain. All the best, Roger P. from Kansas ANSWER: Unfortunately the IRS has not changed its position in the restriction of transferring Roth IRA funds […]

IRA LLC
Solo 401k

Convert Existing IRA to Self-Directed IRA LLC | Self-Directed Solo 401k vs. IRA LLC

October 17, 2014 | By Mark Nolan

QUESTION 1: What criteria are there for allowing me to convert my existing IRA over to a self-directed IRA so I can get check book control? ANSWER: To convert an existing IRA to a self-directed IRA with checkbook control the following is required: A self-directed IRA custodian (e.g., IRA Services Trust Company) to hold the […]

IRA LLC
Solo 401k

Nondeductible IRA Contributions | Transfer IRA to Solo 401k Plan

October 17, 2014 | By Mark Nolan

QUESTION: I am trying to see how I can get as much money as possible into this solo 401k plan quickly. I think I can qualify for a non-deductible IRA for 2012 and 2013. I then plan to transfer the IRA funds to the solo 401k. For this year in the solo401k can I do […]

IRA LLC
Solo 401k

Questions on solo 401k and self-directed IRA LLC

October 17, 2014 | By Mark Nolan

Just a few questions, and I am not sure I am asking them right, so please bear with me.  The gist of my questions are I go into the bank to establish a checking account, I would like to know how the account would be tilted and how would I sign the checks.  Same with […]

401k Business Financing
IRA LLC

IRA Business Financing | Self-Directed IRA with Checkbook Control

October 17, 2014 | By Mark Nolan

QUESTION: I want to buy rental property with my IRA and have heard of the IRA business financing option that would allow me to receive a salary.  Can you help me understand if I can use my IRA to buy rental property? Regards, Kathy Y in California ANSWER: You appear to be referring to the […]

  • About MySolo401k

    We help our clients take control of their retirement money. Our products and services provide our clients the freedom to invest their retirement savings in their own business as well as alternative investments such as real estate, private companies, promissory notes, precious metals, tax liens and equities.
    Learn more

    Connect with us

  • We’re here to help.

    Call: 800-489-7571

    Monday-Saturday

    7:00 am - 5:00 pm PT

    Why us?
MENU