Considering Opening a Self-Directed Solo 401(k) for 2021? The Timing Matters!
Self-Directed Solo 401(k)s are a great way for eligible nonemployer business owners to save on taxes by deferring till retirement. They...
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Whitney Nash, CPFA
Jul 21, 20213 min
A Guide for Form 5500 - Due July 31st!
Stiff penalties may be assessed if you fail to file Form 5500 for your self-directed solo 401(k) on time. Here is a guide for determining...
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Whitney Nash, CPFA
Jul 14, 20213 min
What is the Difference Between Designated Roth and Voluntary After-Tax Contributions?
Self-Directed Solo 401(k)s offer two advantageous ways to increase tax-free money in retirement by allowing for designated Roth...
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Whitney Nash, CPFA
Jul 7, 20212 min
Allowed and Disallowed Precious Metals in a Self-Directed Solo 401(k) – Part 2
As discussed in last week’s blog post, which can be found here: Investing in Precious Metals with your Self-Directed Solo 401(k) – Part...
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Whitney Nash, CPFA
Jun 30, 20213 min
Investing in Precious Metals with your Self-Directed Solo 401(k) – Part 1
Part 2 can be found here: Allowed and Disallowed Precious Metals in a Self-Directed Solo 401(k) Assuming that your self-directed solo...
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Whitney Nash, CPFA
Jun 23, 20211 min
How to Insure Rental Property Owned by a Self-Directed Solo 401k
Account holders/plan sponsors will need to obtain insurance for their property when using their self-directed solo 401(k) to invest in...
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Whitney Nash, CPFA
Jun 16, 20213 min
Form 5500 Filing - What values are needed to determine if the $250k threshold has been met?
When determining whether or not you must file From 5500 by July 31st (for plans with a December 31st year-end), it is important to know...
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Whitney Nash, CPFA
Jun 9, 20213 min
Form 990-T Filing Requirements When UBIT is Generated in a Self-Directed Solo 401(k)
Generally speaking, only income generated from an active trade or business, such as a retail store, via a pass-through entity, like an...
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Whitney Nash, CPFA
Jun 2, 20212 min
Converting Pretax Self-Directed Solo 401(k) Funds to the Roth Account in 2021 – Items to Consider –
If you are considering converting some or all of your pretax self-directed solo 401k funds to your plan’s designated Roth solo 401k...
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Whitney Nash, CPFA
May 26, 20215 min
A Guide for Deducting Business Expenses
Running a small business requires a lot of self-education on a number of topics. We know our product or service, but knowing all of the...
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Whitney Nash, CPFA
May 19, 20212 min
The exclusive benefit rule as it applies to self-directed solo 401(k)s
When considering the type of investments that you want and how they will be used in your self-directed solo 401(k) certain rules must be...
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Whitney Nash, CPFA
May 12, 20214 min
7 Answers to Solo 401(k) Designated Roth Contribution Questions
One of the features imbedded in our self-directed solo 401(k) plans is that contributions can be made to a designated Roth account per...
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Whitney Nash, CPFA
May 5, 20212 min
How to take part in crowdfunding within a Self-Directed Solo 401(k)
What is crowdfunding and how can you take part in a crowdfunded investment using a self-directed solo 401(K)? Crowdfunding, in simple...
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Whitney Nash, CPFA
Apr 28, 20212 min
Guidelines for Filing Form 5500 – Due 7/31 for 12/31 plan year-ends
Form 5500 is due July 31st for plans that have a December 31st year-end and $250,000 or more in plan (not account) assets as of 12/31 for...
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Whitney Nash, CPFA
Apr 21, 20212 min
6 Common Questions About Investing in Real Estate Using a Self-Directed Solo 401(k)
There are unique rules to keep in mind when using a self-directed solo 401(k) for real estate investments. Here are 6 of the most common...
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Whitney Nash, CPFA
Apr 14, 20213 min
Investing in Cryptocurrencies within a Self-Directed Solo 401(k)
One way to increase diversification in your retirement account is by investing in cryptocurrency, such as Bitcoin, in your self-directed...
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Whitney Nash, CPFA
Apr 7, 20212 min
Self-Directed Solo 401(k) Checkbook Control Do’s and Don’ts
You can utilize the checkbook control feature that our Self-Directed Solo 401(k) plans include to make investment purchases in...
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Whitney Nash, CPFA
Mar 31, 20212 min
Can husband and wife accounts under the same solo 401(k) plan invest real estate together?
Since a self-directed solo 401(k) plan is for owner-only businesses, we frequently see husband and wife-owned businesses sponsor the plan...
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Whitney Nash, CPFA
Mar 24, 20213 min
How to calculate, and record, your solo 401(k) contribution deduction on your 2020 tax return.
Here is calculation and recording guidance from IRS Publication 560, updated for 2020, for people who are contributing to their self...
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Whitney Nash, CPFA
Mar 17, 20213 min
5 Strategies for Increasing Tax-Free Money in Retirement Using a Self-Directed Solo 401(k)
The Daily CPA recently published my article: 5 Strategies for Increasing Tax-Free Money in Retirement Using a Self-Directed Solo 401(k)....
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*Our Blog and Video posts are for informational purposes only. You should always do your own research, due diligence and consult with the appropriately licensed or certified professional before taking any action. At Nashional Self-Directed we are not CPAs, Attorneys, or Investment Advisors. If tax, accounting, legal or investment advice is needed, the appropriately licensed or certified professionals should be consulted.
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