Author: ReSure Financial
Checkbook IRA: Year-End 2017
2017 was an exciting year – from the explosive emergence of Cryptocurrency to Tax Reform – we in the Self-Directed IRA community have had a stake in the evolution of the investment and tax landscape. In this post we’ll highlight how 2017 regulatory events relate to Checkbook IRA investors and provide some year-end IRA-LLC planning pointers. Continue reading “Checkbook IRA: Year-End 2017”
Checkbook Solo 401K: Year End 2017
Happy New Year to All!
2017 has been an exciting year for checkbook control – from the explosive emergence of Cryptocurrency to Tax Reform – we in the self-directed retirement community have had a stake in the evolution of the investment and tax landscape. In this post we’ll highlight how 2017 regulatory events relate to Checkbook Solo 401k investors and provide year-end tax planning tips.
Checkbook Solo 401k: Is It Better Than A Self-Directed IRA?
QRP & Solo 401k Plan Loan: FAQ & Answers
QRP Loan Proceeds can be used to finance anything you’d like and the interest payments are made to yourself in the form additional deposits to your tax-sheltered QRP. Think of it as a QRP line of credit, requiring no bank underwriting, credit checks, or paperwork processing. (Caveat: Of course, it’s NOT truly a “line of credit” and that calling it a line of credit can be misleading. More on that below.)
Checkbook 401k Loan Interest Payments can be viewed as a way to make backdoor contributions – beyond the Solo 401k contribution limits – to your Checkbook Solo 401k tax advantaged retirement accounts. Once those interest payments are paid to your Solo 401(k) plan or QRP, those funds become additional plan assets that can be invested tax-free.
- Do you have debt to pay off?
- Do you want to purchase a new vehicle?
- Pay for education?
- Or, would you like to make an investment outside your QRP or Solo 401k?
The Checkbook Control QRP & 401k loan feature is your best option and in this post will cover all that you need to know to legally take advantage of this Checkbook QRP feature. Continue reading “QRP & Solo 401k Plan Loan: FAQ & Answers”
Checkbook Solo 401k or QRP: How To Open a Bank Account
The most important thing to convey to your banker is that they are just opening a business bank account for a trust; they are not setting up a 401k Plan or IRA account.
In this post we’ll provide all the info you and your banker need to set up accounts for your Self-Directed Solo 401K Trust. Continue reading “Checkbook Solo 401k or QRP: How To Open a Bank Account”
How To Buy Bitcoin Using a Self Directed IRA-LLC, QRP or Solo 401k
- Self-Directed IRA-LLCs, QRPs, QRP-LLCs, and Solo 401k Plans can buy and sell Bitcoin and other cryptocurrency the same way they can invest in real estate, private equity, tax liens, stocks, and mutual funds.
- When using Checkbook-Control Retirement Accounts, the process for trading Bitcoin, Ethereum, Litecoin, Zcash, Dash, Ripple XRP, Monero and all other cryptocurrencies is the same as when purchasing them outside of retirement accounts. Continue reading “How To Buy Bitcoin Using a Self Directed IRA-LLC, QRP or Solo 401k”
Roth Solo 401k Contribution Guide
What type of funds can be contributed to a Solo 401k Roth account?
There are many sources of funds for Self-Directed Solo 401k plans and most – but not all – can be contributed to the Roth Solo 401k subaccount. Following are eligible sources of funds for a 401(k) Roth account: Continue reading “Roth Solo 401k Contribution Guide”
Solo 401K Roth Contribution Q&A
What is a Roth Solo 401k Plan? What is a Solo 401k Plan?
Understanding Roth Solo 401(k)s requires that we first understand the basics of traditional Solo 401k plans.
401K Plans, creatively named after Section 401(K) of the Tax Code, are Defined Contribution qualified retirement plans that allow employees to choose (“elective deferral”) to contribute all or part of their compensation to a tax-advantaged account and exclude the amounts contributed from current taxable income. The tax code calls this a “cash or deferred arrangement,” or CODA. A 401k Plan can be combined with other types of plans, such as Defined Benefit and Cash Balance Plans, to maximize tax deductions and allow for multiple forms of plan contributions. The typical 401(k) Plan provides for employer profit sharing contributions, in addition to employee contributions. Self-Directed Solo 401(k) Plans are 401(k) plans for businesses that don’t have full-time employees other than business owners and their spouses, which can be designed to include very attractive features such as Roth 401k Contributions and After-Tax Employee Contributions.
What is a Roth Solo 401k Plan?
5 Common Self-Directed IRA and IRA-LLC Questions
What is a Self-Directed IRA?
A self-directed IRA, or SDIRA, is an IRA that can be invested in assets that are not available on brokerage platforms. The most common SDIRA investment is real estate, but an SDIRA can hold private loans, private stock, tax liens, tax deeds, mortgage notes, livestock, mineral rights and nearly anything else. Section 408 of Tax Code disallows only life insurance and collectibles for IRAs; everything else is allowed. In addition, S-corp regulations don’t allow IRA shareholders for small business corporations. Self-directed IRAs are held by specialized trust companies that are qualified to administer such accounts.
What is an IRA-LLC? What is Checkbook-Control? Checkbook Control IRA?
Continue reading “5 Common Self-Directed IRA and IRA-LLC Questions”
How To Invest In Real Estate With Self-Directed IRAs and Checkbook Control
Did you know that you can use a Traditional IRA, Roth IRA, SEP-IRA, SIMPLE-IRA, or HSA to invest in real estate tax free? Do you know the difference between a Traditional IRA and Roth IRA? In this post you’ll get an overview of these accounts and how you can use a self-directed IRA with checkbook control for real estate investing.
What is NOT a Self-Directed IRA?
Continue reading “How To Invest In Real Estate With Self-Directed IRAs and Checkbook Control”