What is a Solo IRA?

While the term “Solo IRA” is often used to  referred to a self-directed solo 401k,  the IRS does not recognize the term solo IRA to refer to a solo 401k plan. Instead the IRS, uses the following terms to refer to a 401k plan for the self-employed:

Visit Here to view the IRS page on solo 401k plans.

About Mark Nolan

Each day I speak with energetic entrepreneurs looking to take the plunge into a new venture and small business owners eager to take control of their retirement savings. I am passionate about helping others find their financial independence. Having worked for over 20 years with some of the top retirement account custodian and insurance companies I have a deep and extensive knowledge of the complexities of self-directed 401ks and IRAs as well as retirement plan regulations. Learn more about Mark Nolan and My Solo 401k Financial >>

Post a Comment

Your email is never published nor shared. Required fields are marked *

You may use these HTML tags and attributes <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

*
*

MENU