Join Tax Attorney John Hyre and Real Estate Investor Entrepreneur Dorsie Boddiford Kuni as they present a 4-session online class covering all you need to know about the Solo 401k.
The Solo 401k is a powerful pension plan that many small business owners and entrepreneurs can utilize to grow their retirement savings. If you own your own business and have no employees other than you and/or your spouse, then you are probably able to qualify for your own Solo 401k.
John will provide a unique perspective as a Tax Attorney who deals daily with the Solo 401k and other retirement plans. Not only does he consult with and help structure deals in these plans for his client’s specific needs, but he has also defended clients in audits and in IRS tax court. John’s insider information will be invaluable as to how to best run your retirement accounts and what to do to avoid IRS headaches.
Dorsie will cover real life deals that she has done in her own Solo 401k. Her investment experience will help demonstrate the concepts and Solo 401k strategies in with real life applications. You will learn how you, too, can set up your own self-directed retirement account and grow your retirement funds aggressively with practical investment ideas.
John and Dorsie will give a thorough presentation of the Solo 401k starting with the basics and quickly progressing to advanced strategies you can’t find anywhere else. Generous Q & A time will allow listeners the opportunity to get their questions answered from the pros, and sessions will be recorded so that you can follow along on your own schedule.
Some other topics include:
|· Qualifying for a Solo 401k — How you can qualify and if you can’t qualify, what other options are out there for you (think Safe Harbor Plan, SEP, etc.)
· What to look for in the Plan Documents before you purchase your plan!
· How to be your own Trustee and/or Plan Administrator… Pros & Cons
· Step-by-step instruction for implementing up your own Solo 401k Plan
· Additional documentation to protect your Plan
· The 3 kinds of Contributions: Differences & Due Dates
· The Recently-IRS-Clarified Employee After-Tax Contribution
· The Mega Back Door Roth 401k Strategy
|· Rollovers and Conversions
· Record Keeping and Tax Reporting
· Disqualified Parties & Prohibited Transactions <–A complete understanding of these rules is critical if you plan to self-direct your investments!
· Unrelated Business Income Tax (UBIT): A closer look at the definition of “ongoing trade or business” investments
· UBIT: How to avoid but also why it may sometimes be to your advantage
· How to correctly make a Plan Loan to Participants of the plan (multiple incorrect loans may cause a penalty!)
· Distributions and Required Minimum Distribution (RMD) Strategies
Registration of $197 includes 4 complete 2 hour online previously recorded sessions.
About John: John Hyre is a tax attorney and real estate investor out of Columbus, Ohio. Over 95% of his clients are real estate investors and he saves them millions annually. Prior to venturing out on his own, John worked for two of the Big Five accounting firms and for several Fortune 500 companies. For the last 16 years John has run a tax law practice. He has worked extensively with small businesses, real estate investors of all sizes, note investors and self-directed retirement accounts. He has prepared thousands of tax returns, helped thousands of clients with tax planning & tax reduction. John has successfully defended clients, including those with IRA issues, in audits and in Tax Court. John also invested in mobile home parks, low-income rentals and a few flips. He has written three home study courses and numerous articles and is a frequent speaker on the taxation of real estate, IRAs, and Solo 401ks.
About Dorsie: Dorsie Boddiford Kuni, daughter of real estate investor and national speaker Dyches Boddiford, has been a full-time real estate investor for the past 8 years. Dorsie finds, structures, purchases and renovates properties to sell and to rent. She has built up a nice rental and master lease portfolio while also heavily involved with lending through her own notes and through wrap lending with her father and other investors. She has written a home study course on the subject of Wrap Lending and along with Dyches and John, co-authored the book The Solo 401k: The Entreprenuer’s Guide to a Powerful Pension Plan. Dorsie first became curious about the Solo 401k shortly after beginning her investment career. Realizing the entrepreneur’s responsibility to provide and build for their own retirement, she knew that she would need to get serious when it came to her long-term goals. That is when she discovered the Solo 401k and after extensive research, she knew she was on to something unique. She vowed to learn all there was to know about the Solo 401k and to be an expert in the subject — not just to teach other investors the strategies available to them, but also to be able to aggressively and confidently grow her own retirement accounts.