For those of you who have money in Retirement funds and are struggling to pay bills for your small business; don?t panic. There is a way to solve this and IRA Financial Group, along with their expert tax attorneys can help you get back on track. The Solo 401k Plan is an IRS approved qualified plan; you will in the long run save time, money and perhaps save your business by attaining a Solo 401K structure.
A Solo 401k Plan offers a self- employed business owner the ability to use his or her retirement funds to make almost any type of investment, including real estate, tax liens, private businesses, precious metals, and foreign currency on their own without requiring custodian consent tax-free! In addition, a Solo 401k Plan will allow you to make high contribution limits (up to $54,500) as well as borrow up to $50,000 for any purpose.
The Solo 401 K plan is unique and so popular because it is designed explicitly for small business owners. It?s a tax efficient and cost effective plan that offers all the benefits of a Self Directed IRA plan, and includes additional benefits. There are many features of the Solo 401K plan that make it so appealing and popular among self-employed business owners. While an IRA only allows a $5,000 contribution limit (with a $1,000 additional ?catch up? contribution for those over age 50), the Solo 401K annual contribution limit is $49,000 with an additional $5,500 catch-up contribution for those over age 50.
In addition, if your spouse generates compensation from the business, he or she can also make high contributions to the Plan. A solo 401 K plan can also accept rollovers of funds from another retirement savings vehicle, such as an IRA, a SEP, or a previous employer?s 401K plan. Thus, you can directly rollover your IRA or qualified plan funds to your new 401K Plan for investment or loan purposes.
IRA Financial Group has developed a process that ensures speed and compliance, by using standardized procedures that work via phone, e-mail, fax, and mail. Your funds will be ready for investment into your new Solo 401k Plan within 5-14 days. Let?s get started today and create a plan that works for you!
IRA Financial Group has developed a process that ensures speed and compliance, by using standardized procedures that work via phone, e-mail, fax, and mail. Your funds will be ready for investment into your new Solo 401k Plan within 5-14 days.
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May 31, 2011 ?Tags:?Business Plan, Contribution Limit, Expert Tax, Financial Group, Financing A Business, Foreign Currency, FUND A BUSINESS, Including Real Estate, Individual 401K, IRA Financial Group, Ira Plan, Loan Purposes, Need Help Paying Bills, Precious Metals, Private Businesses, Real Estate Tax, Real Estate Tax Liens, Retirement Funds, Retirement Savings, Rollovers, Self Directed 401k, Self Directed IRA, Self Employed Business, Small Business Owners, Solo 401(k) Plan, Solo 401K, Solo 401K Loan, Tax Attorneys? Posted?in:?Solo 401K
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