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125 Remount Road

 Suite C-1 PMB2002

Charlotte, NC 28203

(980) 263-2056

Click for the BBB Business Review of this Tax Return Preparation in Kannapolis NC

K Harrell's Financial Services

Solo 401Ks

With a self-directed Solo 401k Plan from Sense Financial, you now can make high contributions, borrow up to $50,000, have checkbook control over your retirement funds, and use them to invest in real estate, notes, start-up businesses, and much more, tax-free! Our process ensures speed, accuracy, and compliance. With a self-directed Solo 401k Plan, you now can make high contributions, borrow up to $50,000, have checkbook control over your retirement funds, and use them to invest in real estate, notes, start-up businesses and much more, tax-free! This process ensures speed, accuracy and compliance. The self-directed Solo 401k (also known as Individual K or Owner-Only 401k) is the ultimate qualified retirement plan for those who work for themselves and have no full-time employees other than their spouse. Self-employed individuals can qualify regardless of their business capacity or structure (e.g. sole proprietorship, partnership, LLC, corporation, independent consultant, etc.).

The Economic Growth and Tax Relief Reconciliation Act (EGTRRA), passed in 2001, stipulates how the self-employed or sole business owner can use a 401k. In particular, the act clarifies that a single qualifying participant can make contributions in the role of employee and employer.

This can lead to very high contribution limits. You may qualify for the Solo 401k if you meet two eligibility requirements:

The presence of self-employment activity

The absence of the full-time employee.



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With a self-directed Solo 401k Plan, you now can make high contributions, borrow up to $50,000, have checkbook control over your retirement funds and use them to invest in real estate, notes, start-up businesses and much more, tax-free! Our process ensures speed, accuracy, and compliance.

Checkbook IRA 

Because the Checkbook IRA does not require custodian consent, the cost to administrate the account is significantly lower. Various custodian fees such as transaction and account valuation fees are eliminated  The self-directed Checkbook IRA gives control of the account to you, the manager of the account. As the manager, you can direct funds as you see fit, without needing custodial consent. This completely eliminates custodial fees and delays. Investments can be made by simply writing a check or wiring funds from the account.


Unlimited Investment Capability

Self-directed Checkbook IRA funds can be invested in almost every investment class, including real estate, precious metals, tax liens, and tax deeds, and private businesses. This virtually unlimited investment capability allows the account to be truly diversified, ensuring greater opportunity for growth and protection of retirement savings.


Cost-Effective

Because the Checkbook IRA does not require custodian consent, the cost to administrate the account is significantly lower. Various custodian fees such as transaction and account valuation fees are eliminated.


Tax Deferrals

The Checkbook IRA has all the tax advantages of a traditional IRA plus more.

The structure of the Checkbook IRA allows for tax-deferral benefits. Because the LLC is a pass-through entity, taxes are calculated at the owner level instead of the entity level. However, the owner of the LLC is the IRA account, which is an entity qualified for tax deferrals. This structure allows all gains, profits, and income generated by investments go back to the IRA on a tax-deferred basis. With a Checkbook IRA, taxes are paid only when distributions are taken, allowing investments to grow tax-free and without interruption.



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