Solo 401k Eligibility

What type of business entity can setup a Solo 401k? Sole proprietors such as independent contractors and self employed individuals. Also eligible business entities include partnerships, LLCs, S corporations and C corporations. Who is eligible for an Solo 401k? In order to be eligible to establish a Solo 401k, the business owner must have the …

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Municipal Bond Services

Beacon Capital Management Advisors (BCM) works with an independent, fee-based investment management company that focuses exclusively on the management of municipal bond portfolios for our affluent, high-net-worth clients desiring tax free income. The investment management company is a separate entity that is not owned by BCM. The investment management company serves as the portfolio manager …

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Solo 401k Rules & FAQs

What is special about the Solo 401k? High 2021 contribution limits of $58,000 ($64,500 if age 50+) as well as the ability to borrow retirement plan assets tax free and penalty free before retirement age using a Solo 401k loan are features that make this self employed retirement plan unique. Each year the funding of the …

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Portfolio Management

401k rollover, 403b rollover, 457 rollover & TSP rollover If you rollover your 401k, 403b, 457 or Thrift Savings Plan into a Rollover IRA then a BCM financial advisor will help you select a diversified portfolio based on your specific situation and investment objectives. To begin the rollover process, there would be a conversation between …

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New Comparability Plan

New Comparability Plan – Profit Sharing Plan Beacon Capital Management Advisors provides small business 401k plans to small business owners and to corporations ranging from 1 to 1,000 employees. BCM 401k clients benefit from our retirement plan experience due to our existing relationships with numerous small business 401k providers. Our understanding of the small business …

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Roth IRA

What is a Roth IRA? A Roth IRA (Individual Retirement Account) is a personal savings plan that gives you tax advantages for setting aside money for retirement. The 2021 Roth IRA contribution limit is $6,000 and $7,000 for those age 50 or older. A Roth IRA offers some unique tax advantages compared to other retirement accounts …

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