Tag Archives: IRA

Self-directed Solo 401k FAQ: Can I invest my Solo 401k funds in Crypto via my Schwab account?

If I want to invest in crypto – can I do that through my Schwab brokerage account for my Solo 401k? Or do I need an account elsewhere?

Self-employed 401k FAQ – Do rollovers to my Solo 401k count towards my annual contribution limit?

Solo 401k Rollover FAQ: Limit on amount of Rollover?

Did the Inflation Reduction Act (IRA) Impact the Self-Directed Solo 401k and Self-Directed IRA and IRA LLC?

Inflation Reduction Act (IRA) solo 401k ROBS 401k and IRA LLC

The passage of the The Inflation Reduction Act (IRA) did not have any direct impact on self-directed IRAs, self-directed solo 401k plans or IRA LLCs. Instead the main purpose of the new act (IRA) is to combat inflation, climate change, and health care costs. This is a stark difference from the Build Back Better (BBB) […]

The SECURE Act & the 2022 IRS Proposed RMD Regulations Results in The End of the Stretch IRA for Most Non-Spouse Beneficiaries

With the passage of the 2019 SECURE Act and the proposed regulations regarding RMDs that were published earlier this year in 2022,  the  so-called “stretch” IRA  has been officially eliminated in most cases when the beneficiary is not the spouse.  As a result, most non-spouse IRA beneficiaries are now required to empty their inherited IRAs […]

Who is Required to Take Required Minimum Distributions from their Self-Directed Solo 401k in 2022?

2022 RMD Solo 401k Deadline

Knowing when to commence or to continue to take Required Minimum distributions can be quite confusing, as the dates vary based on when your first reach age 72 and if you have already been making RMDs.  We’ve put together the following post to help solo 401k participants understand the RMD deadlines. Existing (Ongoing Distributions) For […]

Self-Directed IRA LLC for Precious Metals Investment

Investing in precious metals is an additional way of diversifying one’s retirement funds in alternative investments. This is specially common when fears of inflation arise. Using an IRA LLC to invest in allowable precious metals is one way retirement account investors are diversifying their retirement funds while also combating inflation. Video Slides: https://www.mysolo401k.net/wp-content/uploads/2021/08/IRA-LLC-for-Precious-Metals-Investment.pdf

Deductible Pretax Traditional IRA Contributions vs Nondeductible IRA Contribution

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 […]

Is the IRA LLC Subject to an Annual Tax Return?

QUESTION: Do I have to file an annual tax return for my IRA LLC? ANSWER:  It depends on certain factors such as the following: LLC Entity Annual Report: Virtually all states require that an annual report for the LLC is filed with the Secretary of State.  LLC Entity State Income Tax Return: Some states require […]

IRS Publishes Reminder of Fast Approaching August 31, 2020 Deadline to Rollover or Repay RMD from IRAs and Solo 401k Plans

On August 24 the IRS issued a reminder to IRA owners and employer plan  (e.g., solo 401k plan and full-time employer 401k plans) owners and beneficiaries of the fast approaching  August 31, 2020 deadline to rollover or repay Required Minimum Distribution (RMD) received in 2020 to avoid paying taxes. This RMD relief was provided as […]

Can I contribute to a solo 401k, Roth IRA and Traditional IRA for 2017?

Contributions to IRAs and Roth IRAs are aggregated. This means that you cannot contribute $5,500 to each type (i.e., traditional and Roth IRA); however, you can contribute some to each up to the $5,500 combined limit. If you are aged 50 or older in 2017, your IRA contribution increases to $6,500. TRADITIONAL IRA CONTRIBUTIONS: While […]


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