Speak with a Broad specialist:
(800) 395-5200Schedule a CallOpen an Account
Speak with a Broad specialist:
(800) 395-5200Schedule a CallOpen an Account

Blog

Roth IRA

Can a Roth IRA work as a self-directed IRA? Certainly. The self directed IRA platform works for both the standard IRA and the Roth IRA. How would a Roth IRA benefit from a self-directed IRA platform? You obviously are already keyed in to the tax benefits of the Roth. It only makes sense that you […]
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March 30, 2022

Self Directed SEP IRA

Broad Financial’s SEP IRA gives your self-employed retirement account the tools it needs to create real prosperity. A Self Directed SEP IRA with Checkbook Control takes you to the next level by getting rid of transaction and asset fees, enabling Real Time Investing, and giving you complete control of your retirement funds at the bank […]
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March 30, 2022

Taking a Loan from Your Solo 401(K)

Here’s what you need to know about taking a loan from your Solo 401k: How much am I allowed to borrow? You may borrow up to 50% of the total amount in the Solo 401(k), with a maximum cap of $50,000. Are there any restrictions on the borrowed funds? There are no restrictions on the […]
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March 30, 2022

Solo 401(k) – Basics

The Process Here’s what happens when you set up a self-directed Solo 401(k): Broad Financial creates a customized IRS-approved Solo 401(k) Plan for you. The Plan contains a Trust, which appoints you as the sole Trustee of your Solo 401(k) Plan. As Trustee, you open a checking account in the name of the Trust at the […]
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March 30, 2022

Using a 401k to Plan for Your Future

Saving money for retirement can often be intimidating, and many Americans fall short of their retirement goals. Often, this is because the process can be a bit intimidating. There are many ways people can save up money for their retirement, from stocks and bonds investments, to CDs and mutual funds. A 401k is an excellent […]
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March 30, 2022

Can I Rollover my Current IRA into a Solo 401(K)

Rolling an IRA into a 401(k): Is this possible? For some reason, this is one of those questions that has people confused even though the answer is fairly simple. In short, you can definitely rollover an IRA into a Self-Directed Solo 401(k). The reason for this is that the Solo 401(k) is an IRS-approved Qualified […]
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March 30, 2022

What is a Solo 401(K)

Before we answer the question “what is a Solo 401(k)”, let’s first discuss the structure of a standard 401(k). The Standard 401(k) Plan A 401(k) is a retirement plan (based on a section of the Internal Revenue Code) which allows an individual to dedicate income towards retirement. When the funds are designated as such, they […]
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March 30, 2022

5500-EZ FAQs

When does a Solo 401(k) need to file a 5500-EZ? If the total of the Solo 401(k) plan assets, (and the assets of all other plans maintained by you or your business,) exceed $250,000 at the end of the plan year, you are required to file Form 5500-EZ. The end of the plan year is […]
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Phone: (800) 395-5200

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