SelfDirected.org/3
Here's what's in this episode:
- The Solo 401(k) is, in every way but one, vastly superior to the self-directed IRA
- The Solo 401(k) offers all of the best features of the checkbook IRA without any additional LLCs or other legal complexities
- The Solo 401(k) is demonostrably superior to the self-directed IRA in at least 7 clear ways, including much higher contribution limits and easier recovery from prohibited transactions
- Only weakness for Solo 401(k): It’s only available to owners of certain small businesses
- Not all self-directed 401(k) plans are the same. Seek competent legal advice to set one up.
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