Which Solo 401(k) Is The Best? | SDITalk.com #247 - a podcast by Bryan Ellis - SelfDirected.org
from 2017-02-02T17:58:17
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The Big Idea
Not all solo 401(k)'s are the same... and the differences can be very profound.
Points To Ponder- A 401(k) is an employee-sponsored salary deferral and profit sharing plan. It can be both, one or neither of "Solo" or "Self-Directed"
- Solo 401(k)'s offered by stock brokerages tend to exclude all assets other than stocks, bonds and mutual funds.
- The law doesn't require a 3rd party custodian/trustee for your 401k, but some providers do
- Your plan will be more flexible as a trustee-directed plan than as an individual-directed plan... as long as you're the trustee!
- The expertise and availability of the provider of the solo 401(k) plan is the most important distinction
- Bryan's Recommendation: Talk with Tim Berry for a Solo 401(k) that meets all requirements
- Episode #247 of Self-Directed Investor Talk
- Free Webinar that shows how many SDI Talk listeners are receiving very large credit lines at 0% interest for their real estate deals or businesses. Check it out here.
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Further episodes of Self Directed Investor Talk: Alternative Asset Investing through Self-Directed IRA's & Solo 401k's
Further podcasts by Bryan Ellis - SelfDirected.org
Website of Bryan Ellis - SelfDirected.org