A 401k is an employer plan that is basically a legal tax shelter. It is created and governed by section 401(k) of the Internal Revenue Code. Contributions are made, often tax deductible, into the 401k account by the employee, and the employer will sometimes make contributions into their employees' accounts as well. Investment returns and asset growth happen without taxation directly on income or gains. This allows the account to grow much more … [Read More...]
I was just making a "get to the point" chart showing how the Solo 401(k) is different than a Self-Directed IRA. Click the chart to view a larger version: As you can see from the chart above, and as you may know from our free education posts, articles and videos... the Solo 401(k) can be structured to be much more powerful than any IRA. These extra powers … [Read More...]
[Originally Published at JeffNabers.com] In the last post, you learned about how doing an active "entrepreneurship-ish" deal inside your Solo 401(k) is an open invitation for the IRS to tax the hell out of you. In this post, you'll learn the solution. The solution is not to avoid doing active deals. The solution is not to stop pursuing massive profits or to lock away your talents and skill to be unused. The solution is to structure both your active entrepreneurship and your passive … [Read More...]
[Originally Published at JeffNabers.com] You may be wondering why I haven't blogged about real estate investing in a while. There's a very good explanation video at Nabers.TV for you to check out. … [Read More...]
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