A Self Directed 401K Plan also called an Individual 401K Plan offers a self employed business owner the opportunity to use his or her retirement funds to make almost any type of investment, including real estate, precious metals, tax liens, private businesses, and foreign currency on their own without requiring custodian consent tax-free! In addition, a Self Directed Solo 401K Plan will allow a plan participant to make high contribution limits (up to $54,500) as well as borrow up to $50,000 for any purpose. Is there an investment opportunity, such as real estate or a business investment that you would like to make with your retirement funds? Want the opportunity to make high tax deductible or Roth contributions up to $54,500? Need to access up to $50,000 of your retirement funds for any use use – including personal use? Then the Self Directed Solo 401k Plan is your answer!
A Self Directed 401K Plan offers a self employed business owner the capability to use his or her retirement funds to make almost any type of investment, including real estate. Furthermore, in general, all income and gains from your Self Directed Solo 401K Plan will flow back to your Plan tax-free!
A Self Directed Solo 401K Plan is ideal for sole proprietors, small businesses and independent contractors such as consultants, doctors, accounts, lawyers, and realtors. A Self Directed Solo 401K Plan offers the same advantages as a Self Directed IRA LLC, but without having to hire a custodian or create an LLC.
The Self Directed Solo 401K plan is distinctive and so well-liked because it is designed explicitly for small, owner only business. There are many features of the Self Directed Solo 401K plan that make it so appealing and popular among self employed business owners.