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Self Directed Retirement Plans

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Self Directed Retirement Plans's title: Self Directed Retirement Plans | Take Checkbook Control of Your IRA

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Key Takeaways There’s no official IRS minimum age for starting a 401(k). You can join as soon as you meet your employer’s age and service requirements, which are usually 18 or 21. Starting early gives your money more time to grow through compounding. Even small contributions in your teens or early 20s can grow significantly over time. ...


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Key Takeaways Controlled group rules decide whether multiple businesses are treated as one employer for Solo 401(k) purposes, which directly impacts eligibility and compliance. A Solo 401(k) is only allowed when none of the businesses in the controlled group employ full-time workers (other than a spouse). One full-time employee in any entity disqualifies the entire group from ...


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Key Takeaways Part-time employees can now join 401(k) plans. Starting January 1, 2025, those who work at least 500 hours per year for two consecutive years and are 21+ become eligible. The SECURE Act expanded access. The new Long-Term Part-Time (LTPT) rules ensure that steady part-time workers can start saving for retirement. Employers must include eligible part-timers. Busine...


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