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Solo 401k Webinar
May 25, 2016
800.489.7571
Mysolo401k.net
info@mysolo401k.net
My Solo 401k Financial
www.mysolo401k.net
800.489.7571 2
Overview of Today’s Topics
• What is a Solo 401k?
• Am I eligible to setup a Solo 401k?
• Can I rollover my retirement funds to my Solo 401k?
• Who holds my Solo 401k funds?
• Can I invest my Solo 401k in real estate?
• Can I borrow from my Solo 401k?
• How much can I contribute to my Solo 401k?
My Solo 401k Financial
www.mysolo401k.net
800.489.7571 3
What is a Solo 401k?
• 401k for Self-Employed Person
• “One-participant” 401k plan
• Not a new type of 401k plan
• Features of a traditional 401k plan but less compliance requirements
• Also referred to as:
o Individual 401k
o Single K
o Uni K
o Self Directed 401k
My Solo 401k Financial
www.mysolo401k.net
800.489.7571 4
Am I eligible to setup a Solo 401k?
• Business owner with no full time w-2 employees
• Income earned from personal effort
• Sole Proprietor, LLC or S-Corporation
• 1099 employees or part-time w-2 employees
• Controlled Groups
• Spouse or Partners may participate
My Solo 401k Financial
www.mysolo401k.net
800.489.7571 5
Can I rollover my retirement funds in a Solo 401k?
• Traditional, Rollover or SEP IRA
• SIMPLE IRA
• Former Employer Retirement Plan (e.g. 401k, pension)
• Thrift Savings Plan (TSP)
• Trustee-to-trustee Transfer or Direct Rollover
• Indirect Rollover
• Current Employer Plan
• Roth IRA
My Solo 401k Financial
www.mysolo401k.net
800.489.7571 6
Who holds my Solo 401k funds?
• Financial Institution
• Name of the Plan & EIN for the 401k
• Local/Regional Bank, Credit Union, National Bank (Wells Fargo, Bank of
America, etc)
• Brokerage (Fidelity, Schwab, TD Ameritrade, etc.)
• Bank vs. Brokerage
• Separate Accounts (e.g., Spouses, Roth, etc.)
My Solo 401k Financial
www.mysolo401k.net
800.489.7571 7
Can I invest my Solo 401k in real estate?
• Titling
• Income & Expenses
• No Personal Use
• No Sweat Equity
• Spouses
• Tenants in common
• Non-recourse financing
My Solo 401k Financial
www.mysolo401k.net
800.489.7571 8
Can I borrow from a Solo 401k?
• Maximum Amount (50% of the balance not to exceed $50,000)
• Monthly or Quarterly Payments of Principal & Interest
• 5 year term
• Use of Proceeds
• Loan Documentation
• Early payoff
• Multiple loans
• Spouses
My Solo 401k Financial
www.mysolo401k.net
800.489.7571 9
How much can I contribute to a Solo 401k?
• Types of contributions
• Employee contribution limit
• Employer contribution limit
• Overall contribution limit
• Roth contributions & After-tax contributions
• Self-employment income
• Spouses
• Contributing to multiple 401k plans

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Solo 401k webinar

  • 1. Solo 401k Webinar May 25, 2016 800.489.7571 Mysolo401k.net info@mysolo401k.net
  • 2. My Solo 401k Financial www.mysolo401k.net 800.489.7571 2 Overview of Today’s Topics • What is a Solo 401k? • Am I eligible to setup a Solo 401k? • Can I rollover my retirement funds to my Solo 401k? • Who holds my Solo 401k funds? • Can I invest my Solo 401k in real estate? • Can I borrow from my Solo 401k? • How much can I contribute to my Solo 401k?
  • 3. My Solo 401k Financial www.mysolo401k.net 800.489.7571 3 What is a Solo 401k? • 401k for Self-Employed Person • “One-participant” 401k plan • Not a new type of 401k plan • Features of a traditional 401k plan but less compliance requirements • Also referred to as: o Individual 401k o Single K o Uni K o Self Directed 401k
  • 4. My Solo 401k Financial www.mysolo401k.net 800.489.7571 4 Am I eligible to setup a Solo 401k? • Business owner with no full time w-2 employees • Income earned from personal effort • Sole Proprietor, LLC or S-Corporation • 1099 employees or part-time w-2 employees • Controlled Groups • Spouse or Partners may participate
  • 5. My Solo 401k Financial www.mysolo401k.net 800.489.7571 5 Can I rollover my retirement funds in a Solo 401k? • Traditional, Rollover or SEP IRA • SIMPLE IRA • Former Employer Retirement Plan (e.g. 401k, pension) • Thrift Savings Plan (TSP) • Trustee-to-trustee Transfer or Direct Rollover • Indirect Rollover • Current Employer Plan • Roth IRA
  • 6. My Solo 401k Financial www.mysolo401k.net 800.489.7571 6 Who holds my Solo 401k funds? • Financial Institution • Name of the Plan & EIN for the 401k • Local/Regional Bank, Credit Union, National Bank (Wells Fargo, Bank of America, etc) • Brokerage (Fidelity, Schwab, TD Ameritrade, etc.) • Bank vs. Brokerage • Separate Accounts (e.g., Spouses, Roth, etc.)
  • 7. My Solo 401k Financial www.mysolo401k.net 800.489.7571 7 Can I invest my Solo 401k in real estate? • Titling • Income & Expenses • No Personal Use • No Sweat Equity • Spouses • Tenants in common • Non-recourse financing
  • 8. My Solo 401k Financial www.mysolo401k.net 800.489.7571 8 Can I borrow from a Solo 401k? • Maximum Amount (50% of the balance not to exceed $50,000) • Monthly or Quarterly Payments of Principal & Interest • 5 year term • Use of Proceeds • Loan Documentation • Early payoff • Multiple loans • Spouses
  • 9. My Solo 401k Financial www.mysolo401k.net 800.489.7571 9 How much can I contribute to a Solo 401k? • Types of contributions • Employee contribution limit • Employer contribution limit • Overall contribution limit • Roth contributions & After-tax contributions • Self-employment income • Spouses • Contributing to multiple 401k plans