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Tag: Buying A House

The Importance of Self Directed IRA and its Various Types

Even people who have stable financial sources now worry about their future and security after retirement. This is where a self directed IRA or solo 401k may be a beneficial option. There are not many differences between the options of self directed IRA and solo 401k, only that the last involves a plan with the employee’s company.
The two are similar when it comes to taxes and withdrawal age, but most people choose self-directed IRA simply because of the flexibility offered with various plan types. In addition to the freedom to choose according to preference, an IRA will offer more security as it is not connected to one’s employment like the solo 401k.