Uncategorized

I am reviewing your website and am considering using your services to set up a Solo 401k. QUESTION: I am currently doing contract work for Uber and Lyft and want to place all my taxable income in a Solo 401k to offset tax liability until retirement. My taxable income is well below the contribution limits […]

In addition to impacting IRAs, the Tax Cuts and Jobs Act (TCJA) of 2017 (TCJA) also impacts alimony payments from solo 401k plans. Prior to 2019, the alimony payer (i.e. the solo 401k participant) received an above-the-line deduction and the recipient treated the alimony as income.  Now any divorce agreements adopted on or after January […]

The Investment Company Institute (ICI) release data on December 19, 2018 regarding IRA rollovers and 401k rollovers from businesses. To view the full report, CLICK HERE, and visit here for a summary from the ICI’s website. Here are some of the findings included in the report: One-third of US households owned IRAs in 2018. More than […]

There are a couple of ways to invest both your personal and solo 401(k) funds in real estate. Both of these options are discussed here. Invest in Real Estate Under a Tenancy in Common (TIC) Under this method, title is taken in both the solo 401k owner’s name and in the name of his or […]