Comments on: Checkbook Control 2.0 (for the self employed) http://www.jeffnabers.com/2008/05/13/checkbook-control-20-for-the-self-employed/ The No-B.S. Guide to Building Real Wealth in Your Self-Directed IRA or Solo 401k Wed, 25 Aug 2010 01:56:20 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Jeff Nabers http://www.jeffnabers.com/2008/05/13/checkbook-control-20-for-the-self-employed/comment-page-1/#comment-470 Jeff Nabers Wed, 28 Jan 2009 18:16:24 +0000 http://nabersgroup.wordpress.com/?p=31#comment-470 Kent, Anything that could be rolled into an IRA can be rolled into a Solo 401k. If you roll your PERA funds into a Solo 401k, then: 1. Setting up or using an LLC isn't necessary, and 2. If you were to use an LLC it couldn't be one that is already setup with existing ownership or involvement by you as an individual because that would be a <a href="/2008/04/24/prohibited-transaction-basics/" rel="nofollow">prohibited transaction</a>. Call my office, and we'll put together a due diligence kit customized to your situation. 877-903-2220. :-) Jeff Kent,

Anything that could be rolled into an IRA can be rolled into a Solo 401k.

If you roll your PERA funds into a Solo 401k, then:

1. Setting up or using an LLC isn’t necessary, and
2. If you were to use an LLC it couldn’t be one that is already setup with existing ownership or involvement by you as an individual because that would be a prohibited transaction.

Call my office, and we’ll put together a due diligence kit customized to your situation. 877-903-2220. :-)

Jeff

]]> By: Kent Austin http://www.jeffnabers.com/2008/05/13/checkbook-control-20-for-the-self-employed/comment-page-1/#comment-469 Kent Austin Wed, 28 Jan 2009 18:04:03 +0000 http://nabersgroup.wordpress.com/?p=31#comment-469 Jeff- I have money taken from a PERA account ( I was laid off from my PERA employer) I want to to invest that money in options. I have an LLC set up already that the options money flows in and out of. Can I set up a solo 401(k) and still use my retirement money to invest? Thanks for the reply Jeff- I have money taken from a PERA account ( I was laid off from my PERA employer) I want to to invest that money in options. I have an LLC set up already that the options money flows in and out of. Can I set up a solo 401(k) and still use my retirement money to invest? Thanks for the reply

]]> By: Jeff Nabers http://www.jeffnabers.com/2008/05/13/checkbook-control-20-for-the-self-employed/comment-page-1/#comment-471 Jeff Nabers Mon, 24 Nov 2008 06:43:09 +0000 http://nabersgroup.wordpress.com/?p=31#comment-471 @Michael - I will do an elaborate post in the future that expounds on the subject, but for the time being the most direct way to gain a better understanding would be to call my office at 877-903-2220. I look forward to speaking with you. Jeff @Michael – I will do an elaborate post in the future that expounds on the subject, but for the time being the most direct way to gain a better understanding would be to call my office at 877-903-2220. I look forward to speaking with you.

Jeff

]]> By: MICHAEL http://www.jeffnabers.com/2008/05/13/checkbook-control-20-for-the-self-employed/comment-page-1/#comment-468 MICHAEL Sat, 15 Nov 2008 01:46:42 +0000 http://nabersgroup.wordpress.com/?p=31#comment-468 I forgot to say that I have SIMPLE IRA allready and want to roollover in some selfdirected plan I forgot to say that I have SIMPLE IRA allready and want to roollover in some selfdirected plan

]]>