Tag Archives: Solo 401k Rollover

DOL Final Fiduciary Rules Impact on Solo 401k and Self-Directed IRA LLC

In mid December of 2020, the Department of Labor’s (DOL’s) Employee Benefits Security Administration (EBSA) released  its fiduciary prohibited transaction exemption  (PTE) 2020-2  providing guidance to investment advisors who consult 401k and IRA investors. PTE 2020-2 also aligns with the Securities and Exchange Commission’s Regulation Best Interest — a rule that industry officials say will […]

Solo 401k Rollover Explained: Rollover, Direct Rollover, and Transfer; what’s the difference?

An individual may move assets between various types of retirement plans through a rollover, a direct rollover, or a transfer. However, each method results in different reporting and tax consequences. Although a rollover, direct rollover, and transfer achieve the same result (the movement of retirement funds to a Solo 401k Plan), there are clear-cut procedures […]