by Mat Sorensen | Dec 29, 2023 | Blog
As 2023 comes to an end it’s important for Solo 401(k) owners to understand the deadlines and rules for their contributions. Let’s discuss the critical aspects and dates that Solo 401(k) owners must know. There are three important deadlines you must know if you have...
by Mat Sorensen | Nov 9, 2023 | Blog, Most Popular
Contribution Limits Increase for Tax Year 2024 For Traditional IRAs, Roth IRAs, HSAs, SEP IRAs, and Solo 401(k)s The IRS increased the 2024 contribution limits for self-employed persons who contribute to a Solo 401(k) from $66,000 to $69,000 (employee plus employer...
by Mat Sorensen | Oct 4, 2023 | Blog
What is a Roth IRA? A Roth IRA is a savings vehicle designed to motivate us to save for retirement. You might be asking yourself, how are we motivated to save for retirement with a single account”? The Answer = TAX BENEFITS! A Roth IRA receives taxed contributions, so...
by Mat Sorensen | Feb 15, 2023 | Blog
My article on IRA/LLCs for self-directed IRA investors was published by the California Lawyers Association, Section on Business Law, eBulletin. In the article, I outline the benefits of an IRA/LLC, how to properly set up an IRA/LLC, how the documents need to be...
by Mat Sorensen | Jan 11, 2023 | Blog
As 2022 has come to an end, it is critical that Solo 401(k) owners understand when and how to make their 2022 contributions. There are three important deadlines you must know if you have a Solo 401(k) or if you plan to set one up still for 2022. A Solo 401(k) is a...
by Mat Sorensen | Oct 6, 2022 | Blog
Many self-directed investors have the option of choosing between a self-directed IRA or a self-directed solo 401k. Both accounts can be self-directed so that you can invest in any investment allowed by law such as real estate, LLCs, precious metals, or private company...
