This blog explains that small business owners need retirement plans, too, and that’s why this particular account exists: it gives self-employed entrepreneurs the opportunity to create their own 401k plans, and utilize the benefits of a 401k without being employed by anyone else.
Atlanta, GA (PRWEB) October 30, 2015
American IRA has released this blog to help clarify the amazing tax advantaged benefits that small business owners can enjoy through a Solo 401K.
The blog begins by saying "First things first: we have to be clear about what exactly this retirement plan is. As the IRS website states, the Solo 401(k) plan itself isn’t a new type of 401(k). In fact, it’s the same type of retirement account…with the difference being that it’s designed for someone in charge of their own employment (and not the employment of anyone else except a spouse). If you own and operate your own enterprise by yourself, this is the 401(k) plan for you. The IRS states that these plans have the same “rules and requirements” as other 401(k) plans. If you’ve ever had a 401(k) in the past, that means you already know a little something about how these solo plans work."
Some important advantages are covered such as:
*High contribution limits
*Salary deferral based on their role as the “employee” of their company comes with a limit, but many investors find that it can be an advantage
The all important facts about eligibility are another important topic covered.
And finally, a very important point is brought to light...Who’s Right for the Self-Directed Solo 401K?
Click here to read the entire blog.
About American IRA, LLC:
American IRA is committed to providing every client with gold-level service, regardless of account size. Experience their expertise through their certified IRA services professionals. Enjoy the value with one low annual fee of $285 with unlimited assets and unlimited account values. American IRA clients love the benefit of no charge for "All Cash" accounts. The performance of the American IRA staff is unmatched, with quick and efficient processing within 48 hours.
American IRA services thousands of clients and has over $300 million in assets under administration.
American IRA was built by investors for investors, and brings their successful investment experience to the table, providing excellent educational material showing the public that their self-directed IRA account can invest in a variety of assets such as real estate, private lending, limited liability companies, precious metals and much more.
American IRA is conveniently located in Asheville, NC and Charlotte, NC, and serves clients nationwide.
American IRA is the sponsor of American Wealth Radio. Click here for more information.
For the original version on PRWeb visit: http://www.prweb.com/releases/2015/11/prweb13055083.htm