Tag Archives: Solo 401k

Congress Plans to Make Retirement Plan Reform in 2021

Last week The U.S. Senate Finance Committee had a hearing to discuss plan changes in 2021 for retirement plans including 401k, solo 401k, 457b and 403b. Here are some of the possible changes discussed: Allow for higher catch-up contributions for those age 60 or older. Increasing the the required minimum distribution (RMD) age from 72 […]

ASCENSUS Individual k Review – How to Change to a Self-directed Solo 401k

ASCENSUS Individual k Review Please check out our webinar as we discuss the top reasons why clients transfer or switch their solo 401k at ASCENSUS to a self-directed Solo 401k with us including The reasons why clients switch The fees and costs The ongoing compliance support that we provide. Upgrade Your ASCENSUS Solo 401k Why Switch? 100% […]

Study by EBRI Found IRA Balances Grew 22 Percent Plus from 2013 Through 2017

On September 17, 2020 the Employee Benefit Research Institute (EBRI) released their research findings surrounding the growth in IRA balances from 2013 through 2017. Here are some of the EBRI findings: The average individual retirement account (IRA) balance increased from $93,441 in 2013 to $114,383 in 2017, an increase of 22.4 percent. The average contribution […]

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 […]

How to Transfer an IRA Including a SEP IRA From Merrill Lynch to a Self-Directed Solo 401k Plan

While the Roth IRA rules do not allow for the transfer to a qualified plan including a self-directed solo 401k plan, this same rule does not apply to pretax funds held in a traditional IRA or a SEP IRA. As a result, it is no uncommon to fund a solo 401k plan by transferring / […]

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