Ocho Learning Center

401k balance
December 05, 2022
How To Check Your 401k Balance Online Quickly

OVERVIEW If you want to check your 401k balance, start by asking your employer’s HR department for information about the plan provider. In most cases, you’ll be able to log into the plan provider’s website to check your balance, and even reallocate your investments. Regularly checking the balance of your 401k plan gives you a […]

companies with mega backdoor roth
Roth IRA
December 05, 2022
50 Notable Companies That Provide The Mega Backdoor Roth IRA

Taking advantage of the mega backdoor Roth IRA can accelerate any employee’s retirement savings. However, not all employees are able to take advantage of this option. It entirely depends on how your company’s 401k plan is set up. In order for a company’s employees to be able to get a mega backdoor Roth IRA, it needs to […]

solo 401k real estate
Solo 401k
December 05, 2022
How To Invest In Real Estate With A Solo 401k

OVERVIEW Purchasing real estate through a retirement account like the solo 401k can be extremely tax-advantageous. Not only do you get tax deferrals until you retire, you also get tax-free withdrawals if you purchase through a Roth solo 401k. In other words, you don’t pay tax on any rental income that your property makes, you don’t pay […]

solo 401k nft
Solo 401k
December 05, 2022
Can You Buy An NFT With A Solo 401k? (New Rules For 2023)

OVERVIEW With tax-free compounding and tax-free withdrawals in retirement, a solo 401k is one of the best retirement accounts to hold high-growth assets. You don’t pay any taxes when you sell assets in your account (tax-free compounding), and with the Roth solo 401k account, you pay zero taxes on when you withdraw from your account […]

solo 401k investments
Solo 401k
December 05, 2022
What Can I Invest In Through A Solo 401k?

OVERVIEW The IRS does not define what you’re allowed to invest in through your solo 401k. Anything goes with a few exceptions. A solo 401k account is not allowed to invest in collectibles, S corporation stock, and life insurance investments. The solo 401k comes with total investment freedom. Unlike something like a traditional 401k, you’re not limited […]

rmd table
Retirement +2 401k IRA
December 05, 2022
IRA And 401k RMD Table For 2023

To calculate your 2022 and 2023 required minimum distributions for your IRA or 401k, use the RMD table below and follow the steps. How to calculate your RMD Example Let’s say that in 2022, you turned 75 years old. And on December 31, 2021, your 401k account balance was $200,000. Based on the RMD chart […]

solo 401k prohibited transactions
Solo 401k
December 05, 2022
Solo 401k Prohibited Transactions Explained

OVERVIEW & FAQ While a solo 401k gives you total freedom in what you can invest in, the IRS sets strict restrictions around who the plan can make transactions with. In a solo 401k, the assets are owned by the plan, not you or your business. When you open a solo 401k account, the plan registers for its own Employer Identification […]