Timothy Sumer

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 Account: Learn More: Subscribe to our channel for weekly educational webinars: For ove...

Self-Employed 401k FAQ - Can my solo 401k account be opened at Robinhood? 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 $61,000 (or even $67,500 if you are 50 or older) for 2022, or $66,000 (or even $73,500 if you are 50 or older) for 2023. -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: For over 10 years, My Solo 401k Financia...

Learn more about the Solo 401(k) - -- The Solo 401(k) plan is the best retirement plan option for the self-employed. Are you eligible to open one up? There are two important requirements - the presence of self-employed activity and the absence of full-time employees. -- 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: Qualified Retirement Plans REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing H...

It's easy to get your Solo 401k qualified and activated by the end of the year! You only need to do 2 things to get qualified: 1. Complete your docusign 2. Formally elect contributions Let's walk through how to get these action items done easily and quickly. Ready to set up your Solo 401k? Visit Solo401k.com today.... ( read more ) LEARN MORE ABOUT: 401k Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing If you're a self-employed individual looking for a retirement savings plan, the Solo 401k Plan is an option worth considering. This plan allows you to contribute both as an employer and employee, giving you a higher contribution limit than other individual retirement accounts (IRAs). However, setting up a Solo 401k Plan can be confusing and time-consuming. That's why the video tutorial "Activate Your Solo 401k Plan Video Walk Thru" is such ...

Adam Bergman discusses what it means to be self-employed, the different retirement plan options you have, and which is the best one to set up. -- Learn more about self-employed retirement plans: -- 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...

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...

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 ...

Access the Ultimate Guide to the Self-Directed Solo 401(k): Free guide reveals: - How you could possibly deduct $57,000 or more from your next tax bill - How to boost your buying power on your real estate or other investments - The unique qualifications for a solo 401(k) - A simple way to determine if you’re eligible for the account Solo 401(k)s, also known as Individual 401(k)s, give small business owners the power to invest more, deduct more, and save more. John Bowens walks through some of the attractive characters of a Solo 401(k) and why this is potentially a beneficial account type for people interested in investing in alternatives such as real estate, tax liens, joint ventures, and more. Although a Solo 401(k) can be an advantageous account, it may not be better than a Self-Directed IRA for some investors. John Bowens explains the differences between a Solo 401(k) and Self-Directed IRA to help investors determine which account may be best for them. Visit T...

As you plan for the future, it’s important to pick the best retirement plan for a self-employed business owner. This video compares several choices and then focuses on a Solo 401(k) vs. SEP IRA. The reason for that is that accountants have traditionally suggested SEPs, but a SoloK might offer more functionality. That said, you can keep things simple if your plan to save a relatively small amount each year. An IRA might be all you need, but be mindful of the ability to deduct contributions or your eligibility for Roth contributions. 🌞 Subscribe to this channel (it's free): SEPs and Solo 401(k) plans both allow for employer contributions. The amount is similar, but things diverge quickly from there. A SoloK also allows for catch-up contributions and salary deferral contributions, which can increase your savings significantly each year. Get free retirement planning resources: 🔑 9 Keys to retirement planning 🐢 6 Safest Investments ...

CHOOSE THE RIGHT ONE → SOLO 401(k) vs SEP IRA Both the Solo 401(k) and SEP IRA are great plans. In this video, I help you choose the right one. As an entrepreneur, self-employed, and/or small business owner, you’ve got to pivot from time to time when it comes to retirement planning and investing! There are some things you need to know about these retirement plans as you build your wealth. Money expert advice can help you decide on a solo 401(k) also known as a self-employed 401(k), and SEP IRA, as explained in this video. Do you have a corporate job and a side business? Chances are you're missing a big opportunity to build your wealth. A MONEY TIP in this video will help you win that opportunity! Watch this video until the end to learn how to get your retirement planning aligned to your financial well-being. I’ve also included money expert tips in this video for self-employed so you know your retirement options. And if you want to learn more about traditional...

If you have a small business with income and are looking to save in a tax advantaged way for retirement, there are a lot of options. The 3 most popular options are: - An Individual 401(k) (also called a "solo 401(k), or i401(k)) - A SEP IRA - Or, a Simple IRA We usually find solo 401(k)s to be the best option. They are simple to administer, and cheap to manage. The biggest advantage for you is that you can put away a lot of money into these accounts - $66,000 for 2023! Small business retirement options can be more complex though if you are considering adding employees. Be sure to reach out if you need help setting up a 401(k), managing the account, or with other parts of your financial plan.... ( read more ) LEARN MORE ABOUT: 401k Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing When it comes to retirement planning, the options can be overwhelming. There are ...

If you include your spouse in your Solo 401k you could tap into higher contributions, and the ability to co-invest together. We cover: - How to maximize contributions (up to $127,000 tax deductible) by including your spouse in your Solo 401k plan - When and how to co-invest with your spouse under a Solo 401k - How to keep the books and funds clean when you and your spouse are in one plan Interested in starting your own Solo 401k? Contact us at for a free consultation!... ( 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 If you are a small business owner, you may be familiar with the concept of a Solo 401k. This type of retirement plan is designed specifically for self-employed individuals and small business owners who do not have any employees. It allows you to contribute up to $19,500 per year ($26,000 if you are 50 or older) and offers ...

Harvard Law Attorney George Blower leads an in-depth discussion of the 2022 and 2023 Mega Backdoor Roth Solo 401k Self-Directed Solo 401k Contribution Limits & Types for self-employed businesses taxed as Sole Proprietors, 1099-NEC/MISC Independent Contractors, Single Member LLCs including Secure Act 2.0 Update! 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 $61,000 (or even $66,500 if you are 50 or older) for 2022 (for 2023: $66k or $73.5 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 alterna...

Solopreneur 401k FAQ - Where do I report my Roth Solo 401k employee contributions on my W-2? Open Account: 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 $61,000 (or even $67,500 if you are 50 or older) for 2022, or $66,000 (or even $73,500 if you are 50 or older) for 2023. -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: For ...

Please join TODAY Friday 1/20/2023 at 1:00 pm Pacific/4:00 pm Eastern as Harvard Law Attorney George Blower leads an in-depth discussion of the 2022 and 2023 Mega Backdoor Roth Solo 401k Self-Directed Solo 401k Contribution Limits & Types for self-employed businesses taxed as S-corporations, C-corporation, LLCs taxed as S-corporations/C-corporations including Secure Act 2.0 Update! 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 $61,000 (or even $66,500 if you are 50 or older) for 2022 (for 2023: $66k or $73.5 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,...

The ability to get cash from your retirement plan is a major benefit of the Solo 401k. On this training, we discussed taking a participant loan. Topics covered: - What is a participant loan? - How does it work? - Who sets the interest rate? - What are the loan repayment terms? - What happens if I make payments late? - Can I have more than one loan out at a time - How to take a participant loan from your Nabers Group Solo 401k - ...and more Interested in seeing how a participant loan can work for you? Contact the Solo 401k Experts today at ... ( read more ) LEARN MORE ABOUT: 401k Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing https://inflationprotection.org/solo-401k-participant-loan-webinar/?feed_id=65059&_unique_id=63d4fa545feb7 #Inflation #Retirement #GoldIRA #Wealth #Investing #401kloan #bitcoinira #checkbook401k #CheckbookIRA #individual401k #in...

Self-Employed Solo 401k Question Answered - Can I set up a Solo 401k for an S corporation? Open Account: 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 $61,000 (or even $67,500 if you are 50 or older) for 2022. -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: For over 10 years, My Solo 401k Financial is the leading self-dire...