The 401K Plan for the self-employed is an IRS approved plan that was designed specifically for the self-employed.
A Solo 401K Plan, also known as an Individual 401K or Self Directed 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
One of the main benefits of a Solo 401K Plan is the ability to make higher contributions.
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.
A solo 401(k) is another investment option for those looking to accumulate wealth for retirement. It allows you to invest in anything including real estate…
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 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.
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.