Timothy Sumer

#shorts #smallbusinessowner #2023 One of my 10 Year End Financial Planning Tips. What in my opinion might be the best retirement account for small business owners, the Solo 401(k). But to fund an employee deferral, one must be opened by Dec. 31. Check out my handy calculator to find out which retirement plan is best for your small business. Here is why the Solo 401(k) may be better than the SEP IRA. ⬇️ DISCLAIMER : Celestial Wealth Management, LLC is registered as an investment adviser in the State of Maryland and Texas. Neither the information nor any opinion constitutes an offer or an invitation to make an offer, to buy or sell any securities or other financial instruments. This video is not intended to provide personal investment advice and it does not take into account the specific investment objectives, financial situation and the particular needs of any specific person. Investors should seek financial advice regarding the appropriateness of investing in fin

Crypto Roth IRA – How to save $61k per year in a Crypto Mega Backdoor Roth IRA Please join My Community to ask questions: Free to Join! All are Welcome! LEARN MORE: https-mysolo401k-net-mycommunity-forums-discussion-cryptocurrency/ The solo 401k plan , commonly referred to as self-directed Solo 41k is the retirement plan of choice for self-employed individuals or owner-only businesses including for the features highlighted below: -The highest contribution limits for any defined contribution plan including up to $57,000 (or even $63,500 if you are 50 or older) for 2020 (for 2021: $58k or $64.5 if you are 50 or older). -The ability to make pre-tax, Roth, and even Mega Backdoor Roth contributions. -401k participant loans of up to $50,000 -Invest with checkbook control in real estate, cryptocurrencies, notes, private placements, and other types of alternative investments. Open an Account: Learn More: Subscribe to our channel for weekly educational webinars: Fo

In this week's episode, IRA Financial's Adam Bergman Esq. answers questions about filing a 990-T for a Self-Directed IRA, rolling over IRA and SEP funds to a Solo 401(k), and setting up a Solo 401(k) when you have multiple businesses. -- 0:00 *Intro 1:11 *Question 1: I have to file a 990-T for my Self-Directed IRA – do I need to get an EIN for my IRA? 3:53 *Question 2: I have a SEP IRA and a traditional IRA; can I roll those accounts into a new Solo 401(k) I want to set up with IRA Financial? 5:39 *Question 3: I own two businesses with my spouse – one has employees and the other one does not – can we set up a Solo 401(k) plan for the business with no employees? 11:59 *Outro -- Have a question for Adam? Send it to us! info@irafinancial.com -- Discover more videos by IRA Financial: Subscribe to our channel: -- About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During

In this week's episode, IRA Financial's Adam Bergman Esq. answers questions about Solo 401(k) eligibility, convertible debt investments in an IRA, and setting up a Solo 401(k) if you already contribute to a SEP IRA. -- 0:00 *Intro 1:14 *Question 1: I earn income from my employer who pays me in W-2 and 1099 and does not offer a 401(k) plan. Can I do a Solo 401(k) plan? 2:17 *Question 2: If I make a convertible debt investment with my IRA into a start-up, will that trigger the UBTI tax? 5:49 *Question 3: I have a SEP IRA and have already made some contributions. I have now heard about the Solo 401(k) plan and want to set one up – can I still do it? 8:53 *Outro -- Have a question for Adam? Send it to us! info@irafinancial.com -- Discover more videos by IRA Financial: Subscribe to our channel: -- About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of

Are you a small business owner? Here is your small business guide to retirement plans to help you chose which is right for you! Have a question for the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit www.korhorn.com or call 574-247-5898.   Find more information about the Wise Money Show™ at www.wisemoneyshow.com  Be sure to stay up to date by following us!  Facebook - Twitter - Instagram - Want more Wise Money™?  Read our blog! Listen on Podcast: Subscribe on YouTube: ... ( 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 Small Business Retirement Plans Explained in English retirement planning is a crucial component of personal finance. As retirement approaches, people want to make sure they have enough money to support themselves without an income from employment. Unfortu

Can I make Mega Backdoor Roth Solo 401k contributions if I max out my 401k at my day job? Book a call: Our owners host daily webinars on our community where you can ask questions! Please join My Community to participate & ask questions: Please join My Community to ask questions: Free to Join! All are Welcome! LEARN MORE: The solo 401k plan , commonly referred to as self-directed Solo 41k is the retirement plan of choice for self-employed individuals or owner-only businesses including for the features highlighted below: -The highest contribution limits for any defined contribution plan including up to $57,000 (or even $63,500 if you are 50 or older) for 2020 (for 2021: $58k or $64.5 if you are 50 or older). -The ability to make pre-tax, Roth, and even Mega Backdoor Roth contributions. -401k participant loans of up to $50,000 -Invest with checkbook control in real estate, cryptocurrencies, notes, private placements, and other types of alternative investmen

Non-Recourse Loan Expert Roger St. Pierre from MyIRALender.com shares his deep expertise in non-recourse loans for Self-directed Solo 401k and IRA retirement investments. -How to Qualify For a Non-Recourse Loan for a Self-directed 401k/IRA -Non-Recourse Loan Qualification Tool -COVID-19 Impact to Non-Recourse Loans -Residential, Commerical, AirBnb vacation rentals Learn more: ... ( 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 As many individuals look to diversify their investment portfolio, they may consider using their self-directed solo 401k or IRA accounts to invest in alternative assets. However, investing in certain assets, such as real estate, may require additional funding beyond what is currently available in the account. This is where a non-recourse loan can be beneficial. A non-recourse loan is a type of loan where the le

In this episode of AdBits, Adam Bergman, Esq. starts a five part series of Solo 401(k) rules that you need to know. Today's video covers important rules for a sole proprietor. -- Discover more videos by IRA Financial: Subscribe to our channel: -- About IRA Financial: IRA Financial was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions. IRA Financial is a retirement account facilitator, document filing, and do-it yourself document service, not a law firm. IRA Financial does not provide legal services. No attorney-client relationship exists between Client and IRA Financial Group, its management, salespers

IRA Financial's Adam Bergman Esq. discusses the deadline for setting up a Solo 401(k) for 2021, plus the benefits of starting one if you are self-employed. Discover more videos by IRA Financial: Subscribe to our channel: -- About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(K) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions. Learn More: #Solo401k #SelfEmployed #401k #Individiual401k #Retirement #Taxes #2021Solo401kDeadline... ( 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

Do you know how the Roth Solo 401(k) works? You should! Join Adam Bergman as he walks you through the ins and outs of saving for retirement as a small business owner. You can have all the bells and whistles for your retirement account ! Interested in learning more about a Solo 401(k)? -- Learn more about the Roth IRA: -- Learn more about the Backdoor Roth: Learn more about the Solo 401(k): -- Discover more videos by IRA Financial: Subscribe to our channel: -- About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions. Learn More: #Solo 401k #retirement #Alternative

IRA Financial's Adam Bergman Esq. discusses two popular retirement options for small businesses with full-time employees, the SEP and SIMPLE IRAs, and the benefits of each plan. -- Discover more videos by IRA Financial: Subscribe to our channel: -- About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions. IRA Financial Group is a retirement account facilitator, document filing, and do-it yourself document service, not a law firm. IRA Financial Group does not provide legal services. No attorney-client relationship exists between Client and IRA Financial Group, its ma

IRA Financial's Adam Bergman Esq. discusses the recently announced contribution limits for 2021 for retirement plans, including the Solo 401(k), Self-Directed IRA, SIMPLE and SEP IRAs, along with a historical look at the limits. -- Discover more videos by IRA Financial: Subscribe to our channel: -- About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(K) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions. Learn More: ... ( 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 The IRS has re

Harvard Law Attorney George Blower provides an in-depth review of the mechanics of a Mega Backdoor Roth Solo 401k for a self-employed business taxed as an S-corporation. We will review: -Contribution Limits, Deadlines & How to Report -Contribution Scenarios -Convert to Roth Solo 401k vs Roth IRA -Many other topics LEARN MORE: The solo 401k plan , commonly referred to as self-directed Solo 41k is the retirement plan of choice for self-employed individuals or owner-only businesses including for the features highlighted below: -The highest contribution limits for any defined contribution plan including up to $57,000 (or even $63,500 if you are 50 or older) for 2020. -The ability to make pre-tax, Roth, and even Mega Backdoor Roth contributions. -401k participant loans of up to $50,000 -Invest with checkbook control in real estate, cryptocurrencies, notes, private placements, and other types of alternative investments. Open an Account: Learn More: Subscribe

By transferring your IRA or 401k into A self-Directed IRA or Solo 401k, you can invest in things other than the stock market, such as Real Estate, Real Estate Syndications, gold, or even a small business. In this video, I touch on the story of how I did this back in 2010 and invested my flat-lining retirement account into a couple of duplexes, and never looked back.... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA If you have an Individual retirement account (IRA) or a 401k, you may have limited investment options. Typically, most people keep their retirement funds invested in mutual funds, stocks, or bonds. This can work well for some investors, but if you're looking for more control over your retirement funds and want to start investing in real estate, a self-directed IRA or a solo 401k may be just what you need. A self-directed IRA o

Can I make 100% After-Tax Solo 401k Contributions (Mega Backdoor Roth)? Book a call: Our owners host daily webinars on our community where you can ask questions! Please join My Community to participate & ask questions: Please join My Community to ask questions: Free to Join! All are Welcome! LEARN MORE: The solo 401k plan , commonly referred to as self-directed Solo 41k is the retirement plan of choice for self-employed individuals or owner-only businesses including for the features highlighted below: -The highest contribution limits for any defined contribution plan including up to $57,000 (or even $63,500 if you are 50 or older) for 2020 (for 2021: $58k or $64.5 if you are 50 or older). -The ability to make pre-tax, Roth, and even Mega Backdoor Roth contributions. -401k participant loans of up to $50,000 -Invest with checkbook control in real estate, cryptocurrencies, notes, private placements, and other types of alternative investments. Open an Accou

Harvard Law Attorney & Self-Employed Retirement Expert George Blower provides an update on the recent House Proposal to ban Backdoor Roth IRA and 401k contributions as well as your ability to invest IRA funds in accredited investments. We will also discuss essential year-end retirement savings planning for self-employed individuals including Solo 401k deadlines, contribution limits, eligibility, and much more! LEARN MORE: The solo 401k plan , commonly referred to as self-directed Solo 41k is the retirement plan of choice for self-employed individuals or owner-only businesses including for the features highlighted below: -The highest contribution limits for any defined contribution plan including up to $57,000 (or even $63,500 if you are 50 or older) for 2020 (for 2021: $58k or $64.5 if you are 50 or older). -The ability to make pre-tax, Roth, and even Mega Backdoor Roth contributions. -401k participant loans of up to $50,000 -Invest with checkbook control in r

IRA Financial's Adam Bergman Esq. discusses the 2023 contribution limits for all retirement plans, including IRA, 401(k)s, SEP, and SIMPLE IRAs. -- Self-Directed IRA Limits: Solo 401(k) Limits: -- Discover more videos by IRA Financial: Subscribe to our channel: -- About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions. IRA Financial Group is a retirement account facilitator, document filing, and do-it yourself document service, not a law firm. IRA Financial Group does not provide legal services. No attorney-client relationship exists between Client and IRA Fina