Tag Archives: after-tax IRA

IRA LLC
Regulations

Proposed ban on IRA Accredited Investments Has Been Removed from Reconciliation Bill Build Back Better Act of 2021

October 28, 2021 | By Mark Nolan

Nov. 3rd, 2021: While the proposal to ban accredited investments in IRAs is still not in the latest pending bill, the Proposed Band of the Backdoor Roth & Mega Backdoor Roth is Back–See the following for more Information:  https://www.mysolo401k.net/back-again-backdoor-roth-and-mega-backdoor-roth-added-back-to-pending-reconciliation-bill-build-back-better-act-of-2021/ Great news! The government has dropped from the pending Build Back Better Act  the proposal to ban accredited […]

IRA LLC
News
Regulations
Solo 401k

Good News: Backdoor Roth and Mega Backdoor Removed from Pending Reconciliation Bill Build Back Better Act of 2021

October 28, 2021 | By Mark Nolan

UPDATE: Great News! The mega backdoor will not be banned for 2022 (LEARN MORE HERE) as President Biden announced on December 16 that the Build Back Better bill won’t get passed in 2021so you just need to adopt the solo 401k plan by December 31, 2021 so that you can make all solo 401k contribution types including the voluntary […]

Regulations

Deductible Pretax Traditional IRA Contributions vs Nondeductible IRA Contribution

April 28, 2021 | By Mark Nolan

First, the term “Traditional IRA” refers to an IRA that is not a Roth IRA. A contribution to a Traditional IRA can come in two flavors. The first flavor is as a deductible pretax traditional IRA contribution and the second as a nondeductible (after-tax) IRA contribution. Nondeductible IRA: A nondeductible IRA is a traditional IRA […]

IRA LLC

IRA Conversion & IRA Recharacterizations Differences

February 1, 2021 | By Mark Nolan

The IRA conversion and IRA recharacterizing rules can be easily confused. Following are the differences between these two IRA transactions. What is a conversion? A conversion occurs when IRA funds including assets (e.g., real estate, IRA owned LLC, notes, and even equities) are moved from a Traditional IRA, SIMPLE IRA, and SEP IRA to a […]

  • Open an account

  •  

  • 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-Friday

    8:00 am - 4:00 pm PT

    Why us?
MENU