Account Maintenance Archives

Using a Self-Directed IRA to Mitigate Capital Gains Tax

Self-Directed IRAs can help you avoid capital gains taxes and enable you to reinvest funds that might have otherwise gone to taxes. Learn more about setting up a Self-Directed Checkbook IRA or Self-Directed Solo 401(k) at Broad Financial.

July 2, 2024

Account Maintenance

Contribution Limits

As of 2023, people 50 and under can contribute $6,500 in an IRA. The amount individuals over 50 can contribute is $7,500. The limit for SEP IRAs is $66,000.For Solo 401(k)s the limit is $66,000 (under 50) and $73,500 (over 50). Whether you’re permitted to contribute the maximum, though, will be determined by your self-employment […]

March 30, 2022

Account Maintenance IRS Rules and Regulations

Self Directed IRA Fees Breakdown

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 […]

March 30, 2022

Account Maintenance Self Directed IRA

Annual Maintenance

Annual Reporting – The IRS requires that the custodian track and report all contributions to and distributions from the IRA, as well as the annual value of the IRA’s assets. These filings are done with three simple forms:

March 30, 2022

Account Maintenance

Broad's 14-Day, Money-Back Guarantee

All of Broad Financial's Products Come With a 14-Day, Money-Back Guarantee We pride ourselves on customer satisfaction. If for any reason you are dissatisfied with Broad's services or products, including the Ultimate IRA or Solo 401(k), we will refund your order up to 14 days after you apply. You can activate our return policy by […]

March 24, 2022

Account Maintenance

Annual Maintenance for Your Solo 401(k)

Your Solo 401(k) is a powerful investment tool especially because of it’s ease-of-use, but that doesn’t mean it’s totally free from necessary maintenance tasks. Here’s a look at some annual maintenance your account still needs. (Please click HERE for this year’s contribution limits.) Annual Contributions – the annual Solo 401(k) contribution limit is currently $69,000 (or $76,500 […]

March 24, 2022

Account Maintenance Solo 401(k)

Solo 401(K) Annual Compliance FAQs

What does the Annual Compliance fee include? Do I need to update my Plan? Yes, you do. All Qualified Retirement Plans must be updated on a regular basis. This is because the lawmakers in Washington are constantly changing retirement law. The Plan Amendments that we send you keep your Solo 401k Plan compliant with the […]

February 14, 2022

Account Maintenance Solo 401(k)