SEP, SIMPLE, and Solo 401K: Small Business Retirement Savings Plans

Running a small business or being self-employed can offer flexibility, freedom and control over your earning potential. While the perks are plentiful, there’s one thing that’s usually missing when you own a small business: an employer-sponsored retirement plan. As a small business owner, it’s pretty common that you’re going to be the one wearing many, […]

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Self-Directed IRA Rollover Terminology Broken Down

Rollovers are the most common way to transfer funds within retirement accounts. Transfers and rollovers are transactions that allows for the movement of assets between IRAs and 401K plans. Let’s go over the basic terminology. Direct Rollover A Direct Rollover is generally used when moving funds from an employer plan (like a former employer 401K) […]

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Contributing to a 401K and an IRA is Allowed, and Why You Should Do It

What we’re discussing in this article: Eligibility of who can contribute to a Roth IRA and a 401K – there are income limits for a Roth IRA, see if you qualify below Other combinations of IRA types like SEP IRAS or Traditional IRAs if it makes sense for you tax-wise An explanation of pretax and […]

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