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
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)