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On July 29, 2020 the IRS issued a reminder that the Coronavirus Aid, Relief, and Economic Security (CARES) Act can help eligible taxpayers access funds from retirement plans and IRAs

August 2, 2020 | By Mark Nolan

The IRS issued a reminder on July 29, 2020 that retirement account (e.g., solo 401k plans) and IRA account holders affected by COVID-19 may be able to access their retirement funds under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, provided they meet one of COVID-19 requirements (see below). The Deadline As the law […]

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Solo 401k

Latest IRS Reminder on No RMD Requirement in 2020

July 24, 2020 | By Mark Nolan

On July 17, 2020 the IRS released a reminder relating to not being required to take required minimum distributions (RMDs) in 2020 from IRAs and retirement plans such as 401k plans including solo 401k plans for the self-employed.   The waiver of the 2020 RMD from IRAs and solo 401k plans, for example, result from the […]

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Regulations

DOL Proposed Regulation (Improving Investment Advice for Workers and Retirees Exemption) Impact on Retirement Accounts Including Solo 401k Plan

June 30, 2020 | By Mark Nolan

Intended to govern investment advice for for retirement account holders including IRAs and 401k plans such as self-directed solo 401k plans, on June 30, 2020 the Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) released a guidance package entitled Improving Investment Advice for Workers and Retirees Exemption. The guidance package includes a News Release, Fact Sheet, Proposed […]

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COURT ALERT: Jeff Trin, Owner of Phoenix-based Retygo.com held in Civil Contempt Again

June 25, 2020 | By Mark Nolan

Founder of Solo 401k provider used forged IRS document (IRS Letter)  For a second time, a State of Michigan Circuit Court for the County of Oakland held Jeff Trin in civil contempt for violations of the Court’s prior order by failing to delete the Better Business Bureau profile of Solo 401k Services LLC.  The Court found […]

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ALERT: Court holds owner of Solo401kServices.com and Retygo.com in Civil Contempt

May 20, 2020 | By George Blower

Founder of Solo 401k provider used forged IRS document  Jeff Trin, founder of Solo401kServices.com and Retygo.com which offers on its website “IRS approved retirements plans” including Solo 401k accounts, pled no contest to fraudulently altering an IRS favorable determination letter, per court filings with the State of Michigan Circuit Court for the County of Oakland. An IRS favorable determination letter allows […]

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