[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.
Solo 401k in Wall Street Journal Again
April 6, 2011 By 2 Comments
Solo 401k was thrust in the spotlight again last week because of its powerful ability to reduce your self-employment income through large tax-deductible contributions.
Unfortunately, the writer of that WSJ article is mildly financially retarded. Take a look for yourself. Read the article to hear about the powerful tax benefits (albeit presented in a fantasy situation), and then read the comments to have some real people bring the concept back to reality.
How To Get Help
April 5, 2011 By 1 Comment
[Originally posted at JeffNabers.com]
Cliff notes version:
- I will be offering free one-on-one phone consulting to qualified people
- In order to make room for that, I will no longer be offering free consulting in the form of blog comment responses
Here’s the skinny >>>
I’m making some changes to how I focus my energy and how I am able to help you with your wealth preservation and wealth building, both inside a Self-Directed IRA LLC or Solo 401(k) and outside of retirement funds.
Here’s what these changes will do for you:
- If you are aimed down a path that is likely to succeed, we may get a chance to work together more intimately
- If you are aimed down a path that is likely to destroy your wealth and frustrate you, you won’t get my help
Let me explain…
The #1 biggest factor making an impact your wealth right now is inflation.
Some people are trying to “beat” inflation by taking bigger risks to hopefully get bigger returns that will be bigger than inflation.
For 95% of my readers, that won’t work. It won’t work because bigger risks increase the gains and the losses, and over the long term most people will have worse performance as a result of taking bigger risks.
Around 5% of my readers have maybe figured out how to get bigger returns by spending more energy on some sort of system or process that yields larger returns. Moving forward, I don’t think that will continue working either.
Why won’t aggressive investment strategies work in the future?
Well… they will work and they won’t work. They will work in terms of turning your dollars into more dollars. They won’t work in terms or actual value adjusted for inflation.
This is because there is no limit to [Read more...]
A Major Improvement To Make Things Easier
November 11, 2010 By 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!
Solo 401k provides checkbook control without a custodian or LLC
June 18, 2010 By 17 Comments
With tens of thousands of self directed IRA investors utilizing LLC structures to enjoy “checkbook control” authority of their self directed IRA investments, this post may serve as great news for those who aim to follow suit.
Solo 401(k) retirement plans can grant direct checkbook control without the use of an LLC or custodian.
The concept of custodian comes from Internal Revenue Code Section 408(a)(2) and is defined in Section 408(n). This entire IRC section 408 is devoted to Individual Retirement Accounts, or IRAs. The code basically explains that an IRA is normally a trust, and the trustee must be a bank. It then defines bank as a bank, trust company, or any company specifically approved by the IRS. This capacity of trustee to an IRA is known as “custodian”. This trustee role is simply that of investing the plan as directed by the accountholder.
A Solo 401(k) plan is a type of 401(k) that is designed for self employed individuals whose businesses have no full time employees. All 401(k) plans are qualified plans, and qualified plans do not have any special restrictions on who can serve as trustee.
So the significant difference is that with a Solo 401(k), the participant can actually be the trustee and handle [Read more...]
What does the Health Care Bill have to do with 401k Accounts?
March 24, 2010 By Leave a Comment
…a lot really.
Some might say the health care bill is a distraction from what’s next. Peeling back the layers of the politicians’ never-ending string of nationalizations reveals that they may just be ramping up.
Believe it or not, the self-trustee Solo 401k may hold the key to empowering freedom-loving Americans to finally defeat government takeover of private industries.
Enjoy the video, as it contains a valuable game plan.
Watch the Video Now
Open a Solo 401k for 2009 before it’s too late!
November 13, 2009 By 2 Comments
If you’re looking for a tax break this year, there’s still time to open a Solo 401(K). But do your research and seek experts to help you understand the plan, how to manage your account without the need for a custodian which amounts to extra fees, and how to transfer your existing new plan. You’ll find the options for investing and maximizing your contributions are plentiful but the clock’s ticking—you only have until December 31st to open one for 2009.
How to borrow money from your Solo 401(k)
March 2, 2009 By 10 Comments
Solo 401(k)’s most touted feature is its uniquely large annual contribution limits ($49k – $108k). A lesser known feature may be just as useful for some: participant loans.
What is a participant loan?
A Solo 401(k) participant can borrow up to either $50,000 or 50% of their account value with the following terms:
- To be repaid over an amortization schedule of 5 years or less
- Regular payments no less frequently than quarterly
- At a reasonable rate of interest… generally interpreted as prime rate + 1%
Such a loan may only be made in accordance with the Solo 401(k) plan documents. While most plan documents disallow this type of loan, the Unlimited® 401k offered by my company does allow it.
Under what conditions is this allowed?
Any. As long as the plan documents allow for it & the proper loan documents are prepared and executed, a participant loan can be made for any reason.
When is this useful?
This can be useful when [Read more...]
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