On March 19th, 2015, Robert Hall & Associates will hold a seminar titled The Ultimate Retirement Plan & Tax Planning Strategies. Dmitriy Fomichenko, president of Sense Financial Services LLC and retirement planning expert, will discuss the Solo 401k plan option with attendees.
With tax season right around the corner, many investors are looking for ways to save on their tax bills this year. Robert Halls & Associates is planning to hold a seminar to discuss different tax-saving strategies that can help investors shelter part of their income from taxes.
In this seminar, Tom Watson, a federal licensed tax practitioner at Robert Hall & Associates, will share his insights on the top tax deductions available for investors. He will also discuss the tax implications for different investment strategies, including residential versus commercial properties, and long term versus short term investments. Attendees will also learn about different types of business structures, such as S-corp, C-corp, and LLC, and their tax implications.
The seminar will be held at the Robert Hall & Associates Building in Glendale, California, on March 19th, 2015.
Joining Tom Watson as a guest speaker at the seminar, Dmitriy Fomichenko, president and founder of Sense Financial, will talk about the self-directed Solo 401k plan and the tax benefits it can offer to investors.
Designed for self-employed individuals and small business owners, this retirement solution also works perfectly for independent real estate agents and investors. The Solo 401k allows plan participants to gain checkbook control of their retirement saving, and invest in assets of their choice, including real estate assets such as properties, mortgage notes, trust deeds, and more.
One of the biggest benefits of the Solo 401k plan, however, is its tax-saving features. Each plan participant of a Solo 401k can contribute up to $53,000 into this tax-deferred account in 2015. Plan participants who are over 50 years old are allowed a catch up contribution of $6,000, bringing their total contribution limit to $59,000 annually. The high contribution limit translates to a large amount of deferred tax, which can significantly lower a plan participant tax charges for the year.
Many investors prefer the Roth Solo 401k option. With this, investors make after-tax contributions to the account and never have to worry about taxes on their contributions or investment gains any more. Real estate investors for example, can pay tax up front on their contributions and use the Roth funds to buy an investment property for their Solo 401k plan. Then, all profits from this property, including rental income and capital gains, will become tax-free. For investors, this is a tremendous benefit that can save them thousands of dollars.
Sense Financial is California's leading provider of retirement accounts with "Checkbook Control": the Solo 401k and the Checkbook IRA. Over the years, they have assisted hundreds of clients obtain checkbook control over their retirement accounts while providing them with the ability to invest in virtually any investment class, including real estate, private lending, mortgage notes and much more without the need for custodian approval.
To learn more about Solo 401k, please visit sensefinancial.com
Recent reports show soaring house price in the first quarter of 2016. This predicts a rising demand in the rental market and presents an opportunity to investors. For those with a self directed IRA or Solo 401k plan, it’s also a chance to grow th ...
Released On: 5/16/2016
Views: 3211
According to a recent Nationwide survey, 63% of small business owners believe that small businesses should provide retirement benefits, but only half of them (34 percent) are doing so. Sense Financial discusses the obstacles to small business ret ...
Released On: 4/13/2016
Views: 4311
The rental market in the US is more likely to grow, study said. Investors are looking into real estate for growth and security, which makes this a great option for retirement planning with self directed Solo 401k plans.
Released On: 3/18/2016
Views: 5339
Despite strengthening economy, recent studies show that small business confidence is declining in the US. Expert recommends small business owners to plan ahead for their finances, starting with setting up a Solo 401k plan.
Released On: 3/10/2016
Views: 2936
As an answer to the widening retirement coverage gap, the federal government proposes a national program for retirement savings, which will provide saving options for those who lack access to a 401k plan. This is still in the proposal stage with ...
Released On: 2/16/2016
Views: 2534
It is no longer a surprise that many Americans are behind on their retirement savings and retirement ages are being pushed back. A recent study, however, shows that there seem to be an improvement. Sense Financial recommends self directed retirem ...
Released On: 2/12/2016
Views: 3314
In the latest episode of the podcast Real Estate, Money, and More hosted by Shane Willis, Sense Financial president, Dmitriy Fomichenko appeared as a special guest speaker. In this episode, real estate investors can learn more about the self dire ...
Released On: 1/5/2016
Views: 3882
Contrary to the common belief, Millennials are buying houses as investments for their retirement. With the use of self directed retirement accounts such as the Checkbook IRA and Solo 401k, real estate presents a great investment option to young i ...
Released On: 12/20/2015
Views: 2523
Small businesses often shy away from setting up a 401k for their business because of the high costs, and that’s for a reason. A recent report shows that small businesses often have to pay double the fees compared to larger corporations. The Solo ...
Released On: 12/14/2015
Views: 7180
Contrary to the common belief, Millennials are shopping for real estate, not for residence but for investment. With the use of self directed retirement accounts such as the Checkbook IRA and Solo 401k, real estate presents great investment option ...
Released On: 12/11/2015
Views: 4573
As the year is coming to an end, Sense Financial reminds business owners and self employed professionals of the Solo 401k deadline for 2015. There is only a month left to take advantage of one of the largest tax deductions for this year.
Released On: 11/18/2015
Views: 7382
The IRS recently announced the Solo 401k contribution limit for 2016. The Solo 401k remains among qualified retirement plans with the highest contribution limit, allowing plan holders to build their savings faster.
Released On: 11/2/2015
Views: 29579
A recent study shows that Millennials are not saving enough for retirement, assuming that they will need a lot less to retire. Many shy away from the stock market after witnessing the recession. Sense Financial recommends self directed retirement ...
Released On: 10/28/2015
Views: 4165
According to data from the past 60 years, real estate took second place behind bonds as the asset class with the best track record during equity bear market. Sense Financial recommends real estate as a way to diversify retirement portfolio.
Released On: 10/13/2015
Views: 2504
In light of the recent stock market turmoil, many retirement plan owners are now reassessing their portfolio allocations. Aside from rebalancing the portfolio, Sense Financial recommends investors to consider self directed 401k plans with alterna ...
Released On: 9/24/2015
Views: 4867
An American Century study shows that America’s biggest regret is not saving more for retirement. Sense Financial explored the obstacles that self employed individuals and small business owners have to face when planning for retirement.
Released On: 9/9/2015
Views: 5916
A recent study shows most retirement plan participants rely on their plan providers for retirement advice. Sense Financial recommends investors to do their due diligence and take control of their retirement future.
Released On: 8/20/2015
Views: 7393
Sense Financial, a provider of self-directed retirement accounts, is recognized as the best local business in the Financial Services category by the Yorba Linda Award Program.
Released On: 8/5/2015
Views: 4937