These days, more and more folks are ditching their high-paid investment managers and discovering the benefits of a self-directed IRA. The benefits of solo 401K plans are numerous and clear: tax-deferred earnings and income, total financial control free from outside meddling, and most importantly, the freedom to act quickly on investment opportunities as they arise.
Deciding what to do with the money being saved during a lifetime for after retirement can be a very hard decision. Trusting it to someone else to invest is proving to be more and more risky in today’s world, but it is also hard to know what to invest money in without the help of someone with knowledge in the area. However, creating an Individual Retirement Account, or an IRA, is not nearly as hard as it seems. This type of solo 401K plan offers tax advantages for citizens and has the option of being a self-directed IRA. This means that the holder of the account would be in charge of making all of the decisions pertaining to the account. Learning how to do this is easy with the Self Directed IRA LLC Solution.