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 […]
The Myth One of the oddly persistent myths in the self-directed arena comes in two versions: Solo 401(k) plans do not need to be updated with amendments. Solo 401(k) plans do need to be updated with amendments but they are infrequent. While it is unclear how these myths got started, what is clear is that […]
Let’s take a look at what kind of fees retirement accounts often have to pay, and how Broad’s Checkbook Control model is able to eliminate a great many of them. Standard IRA Fees If you have your retirement money invested with a standard IRA provider, than your account could be subject to a large selection […]
The Process Here’s what happens when you set up a self-directed IRA: Broad starts the process by establishing a new IRA for you with one of our registered self-directed IRA custodians. You direct the transfer of your funds from your existing retirement account(s) into your new self-directed IRA. We’ll guide you through the process, but at […]
As you begin to explore alternatives to standard stocks and bonds, misinformation springs up which can confuse even the savviest investors. We have found that there are five pervasive myths which prevent people from pursuing the most productive investments. Myth #1 – Self-directed IRAs are confusing and hard to set up. The Truth – While […]
A Self Directed IRA offers investment control in three key areas: Asset Choice Transaction Pricing Investment Timing Let’s look at each area individually, and see how the Broad platform differs from some of the more commonly offered plans. Asset Choice A standard IRA or 401(k) gives an incredibly limited choice of investment assets. Not only […]
How does a Self Directed IRA facilitate true diversification? When financial advisors talk about diversifying your IRA, they usually mean some notion of investing in a variety of market related products. These products can take the form of different stocks, bonds, mutual funds, etc. True diversification, though, extends beyond the stock market and its sister […]
The defining characteristic of any retirement investment is the fact that the investor realizes a tax benefit because of it. In exchange for putting aside money that will help fund your retirement, the government is willing to give you a tax incentive. For standard retirement plans this incentive comes in the form of a tax […]
