Solo 401k accounts are one of the most powerful types of accounts you can self direct, however; they do follow a different set of rules compared to IRAs. This includes how they are funded (correctly). Juan Deshon, CISP and 401k Expert, dives in to the reporting that comes with rolling over and transferring funds to a Solo 401k account.
DISCLAIMER: Quest Trust Company does not render tax, legal, accounting, investment, or other professional advice. If tax, legal, accounting, investment, or other similar expert assistance is required, the services of a competent professional should be sought.
Ready for more great content? Be sure to visit our website for FREE weekly online classes!
Have questions? Get a consultation today!
Call us at 855-FUN-IRAS or email us at IRASpecialists@QuestTrust.com…(read more)
LEARN MORE ABOUT: IRA Accounts
CONVERTING IRA TO GOLD: Gold IRA Account
CONVERTING IRA TO SILVER: Silver IRA Account
REVEALED: Best Gold Backed IRA
Great video. No fluff. Just the facts. We're transferring our simple ira to a solo 401k so we can take advantage of the IRS rule of 55. Otherwise, we'd have to wait until 59 to touch money penalty free.