by Mat Sorensen | Oct 3, 2022 | Blog
Have you taken a loan from your employer 401(k) plan and plan on leaving? Unfortunately, most company plans will require you to repay the loan within 60 days, or they will distribute the amount outstanding on the loan from your 401(k) account. Its one of the ways they...
by Mat Sorensen | Sep 21, 2022 | Blog
A SEP IRA is a powerful retirement account used by many self-employed persons and business owners. It is particularly attractive as you can contribute up to $61,000 into it annually. That’s in comparison to a Traditional IRA, where you can only contribute up to...
by Mat Sorensen | Jun 22, 2022 | Blog, Latest Posts
Solo 401(k)s have become a popular retirement plan option for self-employed persons. These plans put the business owner in control of the plan but with that control also comes responsibility. Unfortunately, many solo 401(k) plans are not properly maintained and are at...
by Mat Sorensen | Apr 4, 2022 | Blog
There’s some good news coming out of Washington last week and that’s Secure 2.0. This new bill is full of new benefits and options for IRA and 401k investors. The bill passed the House 414 to 5. That’s right 414 in favor and only 5 opposed. The bill has prohibited...
by Mat Sorensen | Feb 2, 2022 | Blog
Self-Directed IRA investors must be aware of their self-directed IRA tax reporting responsibilities. Some of these items are completed by your IRA custodian and others are the IRA owner’s sole responsibility. Here’s a quick summary of what should be reported to the...
by Mat Sorensen | Jan 11, 2022 | Blog
As 2021 has come to an end, it is critical that Solo 401(k) owners understand when and how to make their 2021 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 2021. A Solo 401(k) is a...
