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Tag: Solo 401k Benefits

Reason to Invest Retirement Funds in a Solo 401k: Avoid Taxes

A solo 401k plan can be the perfect solution for self employed business owners. A self employed business owner can truly maximize earning potential with a self directed IRA plan. With a 401k plan, a business owner has the ability to make almost any kind of investment tax-free. The ability to invest without having income taxed is one of the most incredible benefits of having a self directed Roth IRA plan.
A self employed business owner may choose to invest in a variety of resources. First, a person can invest in real estate. Being able to purchase real estate and claim it as an “investment” is one of the major perks of having a self directed IRA real estate plan. Other types of investments that can be made under a Roth IRA plan are tax liens, precious metals, businesses, and foreign currency. There is no end to the type of investment a person can make under a Roth IRA plan.

The Benefits and Intricacies of a Solo 401k

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.

Facing a Financial Shortfall – The Solo 401K Plan May be your Answer

Over the last several years, hundreds of thousands of Americans have been impacted by the downturn in the U.S. economy and the tightening of the U.S. credit markets. As a result, many Americans have been placed in a difficult financial position faced with increasing financial pressures. Fortunately, Internal Revenue Code Section 72(p) allows a Solo 401K Plan participant to take a loan from his or her 401K Plan so as long as it is permitted pursuant to the business’s 401K Plan documents.