Solo 401k Rollover

Can I rollover my 401k from my ex-employer into the Solo 401k? Yes. Provided you are eligible for a Solo 401k then you can rollover your 401k with a previous employer into a Solo 401k. In order to be able to rollover a 401k you must have terminated your employment. You are not permitted to …

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Solo Roth 401k

What is a Solo Roth 401k? Participants in a Solo 401k can elect to make after-tax or Roth contributions with the salary deferral portion of the Solo 401k. The 2021 salary deferral contribution limit is $19,500 and $26,000 if age 50 or older (2020 limit is $19,500 and $26,000 if age 50 or older). If a participant …

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Solo 401k Contribution Limits

The 2021 Solo 401k contribution limit is $58,000 and $64,500 if age 50 or older (2020 limits are $57,000 and $63,500 if age 50 or older). The annual Solo 401k contribution consists of 2 parts a salary deferral contribution and a profit sharing contribution. The total allowable contribution adds these 2 parts together to get …

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Solo 401k Loans

One benefit of the Solo 401k is a 401k loan. IRS rules permit 401k loans, however not all Solo 401k providers allow loans. Provided there is a loan provision, then a 401k loan is permitted using the accumulated balance of the 401k for the loan. 401k loans are permitted up to 50% of the total …

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Municipal Bonds

Tax-free income investing using “muni bonds” Beacon Capital Management Advisors (BCM) works with a fee-based investment management company that focuses on municipal bonds for investors desiring tax free income. Tax free bonds may be subject to AMT. What are municipal bonds? Municipal bonds (nicknamed “munis” or “muni bond”) are loans issued by state, city and …

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Small Business Loans

The 401k loan information on this website only applies to individuals who are self employed and eligible for a Solo 401k. This website explains how a small business owner can get a 401k loan up to a maximum of $50,000 using a Solo 401k loan. This information does not apply to 401k plans sponsored by …

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