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Self Directed IRA Articles

Make Your IRA or 401(k) Contributions for 2017 and 2018 before Income Tax Filing Deadline

Posted by Jack Callahan on Mar 7, 2018 8:15:00 AM

Did you max out the contribution limits in your IRA for 2017? If not, you still have time. In fact, you can make last-minute contributions to your IRA for 2017 and get a head-start on your contributions for 2018 right now, before you file taxes for 2017.

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Topics: SIMPLE IRA, SEP IRA, Traditional IRA, Individual(k) / 401(k), Roth IRAs

Funding Your New Business with Retirement Funds

Posted by Jack Callahan on Jun 8, 2016 4:36:19 PM

While you are unable to borrow funds from an IRA to give yourself or a business you own capital, you are able to do so using funds from a qualified plan, such as a 401(k). The following case study outlines the different options in structuring these types of transactions, which can be performed in typical or self-directed qualified plans.

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Topics: Retirement Planning, Self-Directed IRA, Individual(k) / 401(k)

POTUS Moves to Make Retirement Plans Available to More Americans

Posted by Jack Callahan on Jan 29, 2016 4:08:13 PM

The last week in January, the Obama administration announced a proposal, which if approved will make retirement planning easier for many Americans. In the face of today’s retirement planning crisis, this is good news for many. A large number of individuals across the country are unable to participate in savings accounts either because plans are not offered by employers or because of their own budgeting challenges.

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Topics: Retirement Planning, Individual(k) / 401(k), Industry News

The Self-Directed Individual 401(k) Retirement Plan

Posted by Jack Callahan on Aug 10, 2015 10:06:56 AM

Also known as an individual(k) or solo 401(k) plan, this retirement account is designed for small businesses where the only employees are the business owners and/or their spouses. Examples for qualifying businesses could be sole proprietorships, partnerships, LLCs, and corporations, so long as you do not have any employees who work more than 1,000 hours a year and are over the age of 21.

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Topics: Self-Directed IRA, Single Member LLC / Checkbook IRA, Individual(k) / 401(k)

The Self-Directed Individual(k) Retirement Plan for Small Business Owners

Posted by Jack Callahan on Oct 27, 2014 10:36:22 PM

Small business owners are able to take advantage of a very beneficial retirement savings account commonly called an individual(k). These are profit sharing plans with a 401(k) option, but involve more relaxed compliance rules and minimal cost compared to a traditional 401(k). There are also Roth options available for this type of plan—allowing salary deferral contributions to be made on a post-tax basis. Another bonus is that individual(k) accounts can be self-directed.

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Topics: Self-Directed IRA, Individual(k) / 401(k)