After being asked "What's the difference between your Solo 401(k) and one offered by a custodian?" for the umpteenth time in the past few months, I figured it's about time to write a post about it. Why custodians exist IRAs are governed by section 408 of the Internal Revenue Code. There they are … [Read more...] about Nabers Group Solo 401k vs. Custodian Solo 401k
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Penalty Free Early Distributions
Probably one of the must unknown facets of retirement planning is that you can distribute before age 59 ½ for any reason without paying the extra 10% early distribution tax. How? Substantially Equal Periodic Payments Set a distribution schedule calculated using IRS tables The schedule must have … [Read more...] about Penalty Free Early Distributions
Checkbook Control 2.0 (for the self employed)
With tens of thousands of self directed IRA investors utilizing LLC structures to enjoy "checkbook control" authority of their self directed IRA investments, this post may serve as great news for those who aim to follow suit. Solo 401(k) retirement plans can grant direct checkbook control without … [Read more...] about Checkbook Control 2.0 (for the self employed)