Is a Solo 401(k) Tax Deductible?

Pretax contributions made to a Solo 401(k) are tax deductible. While the employee deferral can be made in pretax or Roth, the profit sharing (employer) contribution must be made in pretax money.

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About IRA Financial:

IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions.

IRA Financial Group is a retirement account facilitator, document filing, and do-it yourself document service, not a law firm. IRA Financial Group does not provide legal services. No attorney-client relationship exists between Client and IRA Financial Group, its management, salespersons or IFG’s in-house legal counsel. IRA Financial Group provides IRA retirement facilitation service and CANNOT provide Client with legal, investment, or financial advice. Prior to making any investment decisions, please consult with the appropriate legal, tax, and investment professionals for advice.

IFG is not engaged in rendering legal, accounting or other professional services. If legal advice or other professional assistance is required, the services of a competent professional person should be sought. (From a Declaration of Principles jointly adopted by a Committee of the American Bar Association & a Committee of Publishers and Associations.). The scope of Professional Services does not include the costs of any custodian related services.

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I Want You To Be Stinking Rich

The progressives who’ve ended up with power in America want you poor, and dependent upon the government for your very livelihood. I don’t. I want you to be stinking rich, and making the nation (and the world) a better place for all of us…

Financial Planning Analysis – Final Salary Pensions

Lord Hutton has announced his recommendations to the Government on public sector final salary pensions. We have set out our financial planning analysis below.

Gold and Silver Are the Number One Hedge Against a Falling Dollar

Gold is considered as a secure and a premier monetary asset of the world. Gold pricing is directly proportional to geopolitical tensions, war and financial turmoil. Since the US and the global community keep spending constantly, we expect to witness a rise in the gold pricing.

Do You Want To Be Rich Like The Millionaire Next Door?

Do you want to be rich? I don’t know anybody who doesn’t want to be rich. The answer is yes. But it was a trick question because the real question is – why do you want to be rich? Those who figure out their why almost always have the determination and drive to become rich and achieve their goals. And let’s face it the wealthier you become the more you can give back and leave a legacy.

The Expatriate’s Guide to QROPS

A guide to QROPS for expats living abroad. A look at whether QROPS are a good pension alternative for international workers.

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