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TCJA Impact to Alimony Payments from Solo 401k Plans

December 30, 2018 | By Mark Nolan

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 […]

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Interesting IRA Rollover and 401k Rollover Statistics for 2018

December 26, 2018 | By Mark Nolan

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 […]

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ROTH Solo 401k Contributions vs Voluntary After-Tax Solo 401k Contributions

August 12, 2018 | By Mark Nolan

Both Roth solo 401k contributions and voluntary after-tax solo 401k contributions fall under the employee (salary deferral) contribution umbrella.  In other words, both of these contribution types are not considered employer (profit sharing) contributions, so the contributions are not tax deductible because they are considered made with post-tax dollars. Not all solo 401k plan document […]

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Tenancy in Common (TIC) vs LLC Real Estate Purchase Using Solo 401k Funds

April 2, 2016 | By Mark Nolan

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 […]

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