Tag Archives: solo 401k rules

Top Reasons to Upgrade Your TD Ameritrade Solo 401k to a Self-Directed Solo 401k

Please check out our webinar as we discuss the top reasons why clients transfer or switch change their “free” solo 401k at TD Ameritrade to a self-directed Solo 401k with us including The process The costs The ongoing compliance support that we provide. Change TD Ameritrade to Self-directed Solo 401k Reasons to Switch Loans Mega […]

DOL Proposed Regulation (Improving Investment Advice for Workers and Retirees Exemption) Impact on Retirement Accounts Including Solo 401k Plan

Intended to govern investment advice for for retirement account holders including IRAs and 401k plans such as self-directed solo 401k plans, on June 30, 2020 the Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) released a guidance package entitled Improving Investment Advice for Workers and Retirees Exemption. The guidance package includes a News Release, Fact Sheet, Proposed […]

Solo 401k Rules: Am I required to make “substantial and recurring” contributions to my self-directed Solo 401k?

Am I required to make contributions to my self-directed Solo 401k?

Mother and Daughter Solo 401k Plan

QUESTION: If I pay my daughter to do some work, may I bring her to the solo 401k plan? Thanks, ANSWER: First, it is important to understand that a solo 401k is for owner-only business. No, your daughter cannot participate in your solo 401k plan if your self-employed business is a sole proprietor since the […]

Securing Personal Loan Using Solo 401k Funds Vs Non-Recourse Loan to Solo 401k

QUESTIONS: I have a solo 401k trust and want to know about leveraging my solo 401k funds for  equity lines of credit; and reverse mortgages. Do yo also have recommendations for banks who are familiar with these type of transactions should he proceed with any of the above transactions through one of the options referenced […]

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