Regulations

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

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 […]

Solo 401k LiveChat Friday 6/26/2020 @2:30 EST – IRS Answers to Your CARES Act Questions

Please join LiveChat Friday 6/26/2020 @2:30 EST as Havard Law Attorney George Blower reviews new IRS guidance regarding CARES Act rules regarding: Who is eligible for relief under the CARES Act Suspended 401k loans $100k Coronavirus distributions Waived Required Minimum Distributions (RMDs) Contact us to learn more about your situation: https://www.mysolo401k.net/solo-401k/

Podcast – Deep Dive Re: Unrelated Business Income Tax (UBIT) & Unrelated Debt-Financed Income Tax (UDFI)

Please listen or watch to our in-depth discussion with Steven C. Hamilton II, EA, NTPI Fellow regarding how Unrelated Business Income Tax (UBIT/UBTI) and Unrelated Debt-Financed Income Tax applies to self-directed 401k and IRA retirement accounts. Learn More about UBIT/UDFI Learn more about opening a Solo 401k and self-directed IRA LLC with checkbook control. Contact […]

Waiver of 2020 RMD and Extension of Rollover Period to August 31, 2020 for Solo 401k and IRA

The IRS has released Notice 2020-51. This notice provides guidance relating to the waiver in 2020 of required minimum distributions (RMDs) from certain retirement plans including solo 401k plans, and IRAs. The notice extends the 60-day rollover period to August 31, 2020. This means that if you took a RMD anytime in 2020, you have […]

IRS Issues Notice 2020-50 New Guidance on CARES Act (COVID-19) Distributions from 401k Plans (solo 401k) and IRAs

The Internal Revenue Service (IRS) issued Notice 2020-50 on Friday, June 19, 2020. This notice is certainly welcomed by  those in the retirement account industry as it provides guidance on making distributions and taking participant loans under the CARES Act While the The IRS will continue to release more guidance on this important act, here […]

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