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A Major Improvement To Make Things Easier

November 11, 2010 By Jeff Nabers 4 Comments

Exciting news – we’ve just started implementing something that makes setting up a Solo 401(k) a much faster and easier process.

Now you can download a small piece of software that turns your computer into a portal for setting up your new Solo 401(k) in minutes.

Faster Creation

You can literally bring your Solo 401(k) plan into existence the same day that you get the software. You don’t have to be full-time self employed to qualify either; self-employment activity on the side of full-time employment elsewhere still qualifies you for the Solo 401(k).

Easier Transactions & Maintenance

It also makes certain tasks easier beyond setting up and funding the plan with rollovers. For instance, if you ever need to draw on the participant loan feature that lets you borrow up to $50,000 tax-free from your retirement funds, you can just fire up the software and get the loan funds (up to $50,000) in your hands on the same day.

Making contributions has never been easier. Use the software to instantly calculate your maximum legal contribution (up to $54,00) each year. Double that if your spouse is involved in your self-employment activity because she (or he) can contribute up to the same limits as well.

Clearer Benefit

There’s even a value calculator that shows you how much your 401k plan is measurably benefiting you. Most people find it’s in the tens or hundreds of thousands of dollars per year.

Total Control

And, of course, enjoying the power of controlling the checkbook for your own 401k investments comes with unlimited, legally-allowable possibilities… such as investing in:

  • Private businesses equity
  • Non-dollar, safe offshore investments
  • Private lending
  • Real estate
  • Tax liens
  • Virtually anything else (just no “self-dealing” or conflict-of-interest transactions)

After thousands of private trials gone smoothly and plenty of early adoption switch-over from our existing loyal clients, we’ll be doing a big promotion to celebrate making this available for new clients.

If you’re on my email list, you’ll be the first to get access.
[You can can join it if you haven't already]

Thanks for all your support, and everyone here at Nabers Group is ecstatic about unveiling our latest way to give back to the community!

Filed Under: Blog, Setting up a Solo 401k, Solo 401k Compliance, Solo 401k Contributions, Solo 401k Eligibility, Solo 401k Investment Options & Ideas, Solo 401k Maintenance, Solo 401k Participant Loans, Starting a Business Tagged With: asset, assets, choices, economy, entrepreneur, funding, funds, individual 401k, individual k, inflation, investing, investment, investments, ira, ira llc, loan, offshore, options, protection, recession, retirement account, retirement funds, safety, secure, self directed, self directed ira, self directed ira llc, small business, solo 401k, solo k

Self Directed Solo 401k vs. 1031 and other conventional RE tax strategies

February 24, 2009 By Jeff Nabers 1 Comment

Conventional Tax Strategies for Real Estate

Many real estate investors boast of their tax strategy as involving one or more of the following:

Depreciation – This is a tax concept where the property owner pretends that his property is decreasing in value. For residential real estate, it assumes that the property’s improvements will become worthless over 27.5 years. In commercial real estate, the calculation is for 39 years. During each year of property ownership, the owner can take that year’s pro rata depreciation as if it is a loss against the income of the property… which reduces the taxable income of the property, thus reducing the amount of taxes due. Upon future sale of the property, depreciation normally must be “recaptured” which means that there is no more pretending, and the taxes on the truly realized gains must be paid anyways.

Cash out Refi – This is where the owner of the property will refinance the mortgage. The new loan will have a higher balance than the old one, resulting in “cash out”. Because this is just borrowing, it is not a taxable event. Upon future sale of the property, however, taxes will normally be due on the actual gains anyways.

1031 Exchange – Upon the sale of real property, the gains can be deferred if they are used to purchase property of “like kind” within a certain time period. It goes something like this:

  • Sell Property A
  • Have a “qualified intermediary” receive the proceeds of the sale
  • Replacement property (“Property B“) must be identified in writing within 45 days of the sale of Property A
  • Property B must be purchased (closed) within 180 days of the sale of Property A
  • Property B must be of equal or greater value to Property A
  • Both properties must be “like kind”. For instance if Property A was U.S. real estate, Property B must also be U.S. real estate.

So, savvy real estate investors often [Read more...]

Filed Under: Blog, Solo 401k Investment Options & Ideas Tagged With: 1031, 401k, defer, depreciation, exchange, gain, income, invest, investing, investment, investor, ira inflation, like kind, performance, real estate, retirement account, self directed, strategies, tax, taxes

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Recent Comments

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