Self-Directed Solo 401(k)s: Here's What to Know
Access the Ultimate Guide to the Self-Directed Solo 401(k): try.trustetc.com/self-directe...
Free guide reveals:
- How you could possibly deduct $57,000 or more from your next tax bill
- How to boost your buying power on your real estate or other investments
- The unique qualifications for a solo 401(k)
- A simple way to determine if you’re eligible for the account
Solo 401(k)s, also known as Individual 401(k)s, give small business owners the power to invest more, deduct more, and save more.
John Bowens walks through some of the attractive characters of a Solo 401(k) and why this is potentially a beneficial account type for people interested in investing in alternatives such as real estate, tax liens, joint ventures, and more.
Although a Solo 401(k) can be an advantageous account, it may not be better than a Self-Directed IRA for some investors. John Bowens explains the differences between a Solo 401(k) and Self-Directed IRA to help investors determine which account may be best for them.
Visit TrustETC.com to learn more about investing with a self-directed account at Equity Trust.
Equity Trust is a directed custodian and does not provide tax, legal or investment advice. Any information communicated by Equity Trust is for educational purposes only, and should not be construed as tax, legal or investment advice. Whenever making an investment decision, please consult with your tax attorney or financial professional.
Пікірлер: 16
Probably the best I've watched so far. Thank you!
@equitytrustcompany
3 жыл бұрын
Great to hear! We're happy you found it helpful. If you'd like to learn more, download our free guide: try.trustetc.com/self-directed-solo-401k/
John I've watched many videos and you explain by far better then all others and I thank you for that sir
Question: Let's say I make 20K in my self employment business. I make over 6 figures from a full time w-2 job. How do I handle quarterly taxes for that 20k throughout the year if I want to defer all of it to a solo 401k? Do I need to make the payments or is there something to submit and say you are deferring that income that was generated during a specific quarter? Thanks
Can you rollover or transfer solo-k from Vanguard into a self-directed solo-k at Equity Trust?
@adibak8735
4 ай бұрын
yes
Hi, I'm the owner and only member of my small business LLC, I paid by 1099-NEC, not W-2. The CPA said SOLO 401K only works for W-2 not 1099-NEC, is that true? Thank you!
Can you day trade within a Self Directed Solo 401k if you have at least $25k? I really like buying in and out of volatile stocks in my Roth IRA.
@brianc9036
2 жыл бұрын
I am more of a swing trader. But my Solo 401k through Fidelity has essentially functioned like my Roth IRA through them. I have been able to buy and sell whatever I want through the parameters of Fidelity.
@owenkellogg3130
2 жыл бұрын
@@brianc9036 Awesome, thanks for the help!
@j10001
9 ай бұрын
You can trade fairly short term, but cannot use margin in an IRA account. So this means you have to wait for one trade to clear before making another one.
So if I make $50000 and put $25000 total into my solo 401k, do I put only $25000 on my w2 and $25000 on my 941s? I am 57 years old, so I would save 12.4% and 2.9% for SSI or $3825, this sounds too good to be true! Please answer all of these questions, I would greatly appreciate it.
@michaelp1365
2 жыл бұрын
I have an S corp, but it is just me now
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