A Solo 401k Plan offers a self- employed business owner the ability to use his or her retirement funds to make almost any type of investment, including real estate,
If you’re over thirty, you probably have an IRA. An incredible concept, fueled by the boomer generation, the whole concept of the IRA was revolutionary for its time – Why work the best years of your life away with the promise of a compensation package, or better yet, a pension, when you could let the eggheads do what they do best and invest your savings in the stock market? Surely, a promised number in your contract must pale in comparison when measured against the potential earnings your dollars could do on Wall Street.
People looking for a way to invest tax free should consider a Self Directed IRA. This allows for a wide variety of investment options ranging from metals to real estate. People no longer have to worry about making risky investments, such as the stock market. The problem with the stock market and other types of risky investments is that someone else is in complete control of the money and it can disappear quickly. When people take use all of the legal forms of investing with a Self Directed IRA or a Self Directed Roth IRA they will see a nice return, will not have to pay taxes and they are in complete control of what they do with their investments.
Transfer retirement funds such as a Traditional IRA, SEP-IRA, SIMPLE IRA, 401 K, 403b, and most other pre-tax retirement plans tax-free from your current custodian to any financial institution or credit union who can serve as your Solo 401K Plan custodian for no fee.
We’ve all heard about Roth Individual Retirement Account (IRA) retirement plans. The difference with a Roth IRA retirement plan is that the tax break is given at the time of withdrawal during retirement, whereas the others are disperse the tax break as funds are placed into the account.
If you plan on retiring at some point in your life, it is hard to overstate the importance of a self directed IRA. Investment opportunities are often difficult to come by, but the requirement for purchasing or providing for use and pursuance for precious existing funds is usually a somewhat concerning process. Fortunately, it isn’t that difficult to establish a self directed roth IRA, so long as everyone including the custodian is given access to an appropriate account.
Self-directing assets into a Self Directed Roth IRA, Self Directed IRA, and Self Directed IRA Real Estate “Checkbook Control” Structure is a valid form of funds management. These have been in place for 35 years and are not prohibited by Code 4975. An advisory memo sent out by the Internal Revenue Service confirms an entity’s right to invest IRA funds without fear of violating transaction rules set forth in the IRS Code 4875.
People always have the worry of a secured future, even after retirement. Two excellent options to consider are an Individual Retirement Plan and a solo…
The Solo 401K Plan Loan is a great tool for any self employed business owner seeking immediate funds for their business or for any personal need
a Solo 401K or Self Directed Solo 401K Plan will allow you to purchase precious metals tax-free as well as help you eliminate the expense and delays associated with an IRA