Comments on: Where to find a nonrecourse loan for a Self Directed Solo 401(k)

By: Snabba Lån

Snabba Lån — Tue, 30 Mar 2010 23:41:42 +0000

I think I’m going to take a loan to complete this building because for now I do not have anywhere I can get money. The bank will give it to me, that I know and they will give me time to repay it.

By: Jeff Nabers

Jeff Nabers — Mon, 26 Oct 2009 05:36:17 +0000

Will,

I’m not really sure what two options you are comparing, but the Roth IRA or Roth 401k generally turns the tables to benefit the government more at the cost of the taxpayer. It’s a pretty slick trick, and I’m in the process of creating a report to help people understand it. I’ll post an update here when it’s available.

Jeff

By: will

will — Wed, 21 Oct 2009 01:32:10 +0000

Wouldn’t a better option be to roll the Solo401K into a RothSolo401K. Then open a new Roth IRA instead of rolling that money into it?

That way you can still take advantage of sheltering the larger amounts of money from your business the 401K’s allow and reducing your taxable income.

Will

By: Jeff Nabers

Jeff Nabers — Wed, 07 Oct 2009 21:48:31 +0000

TH,

Yes Solo 401k funds can be rolled over into IRAs and/or converted to Roth.

I would strongly suggest against it though because (compared to non-Roth) the Roth IRA is more beneficial for the government and less beneficial for the taxpayer in an inflationary economy such as ours.

Jeff

By: TH

TH — Wed, 07 Oct 2009 19:55:32 +0000

Can you open and fully fund a Solo 401K in 2009 & 2010 and then roll the solo funds into a self directed ROTH in 2010 and 2011?

I know I will pay taxes but it looks like special contribution rules for Roth IRA will let me import “any” 401K funds as long as I pay the taxes.

Since I plan to not touch my roth for another 20 years that lets me get some solid growth while getting arround the maximun AGI and contribution limits in 2009 & 2010.