There’s never been a more important time to protect and grow your retirement funds. If you are self-employed real estate agent and your plans include investing in real estate, mortgage notes, tax deeds or liens, a Solo 401k plan could be the answer.
The difference between a Solo 401k and a self-directed IRA is that the Solo K plan allows you invest your retirement funds into virtually limitless investment opportunities at your own discretion – with no need for a custodian’s consent. Solo 401k is a Trust established for your self-employed business (sole proprietor, corporation, LLC, partnership) where client acts as a trustee of the plan. This gives the client freedom to make all investment decision.
Imagine the advantages:
Be aware that Internal Revenue Code Section 4975 outlines certain "prohibited transaction" investments. But apart from those prohibitions, you are free to use a solo 401(k) to fund most commonly made investments, from public and private stocks to real estate and commercial paper.
So if you are self employed and wish to maximize your ability to save for the retirement while minimizing your tax liability now, Solo 401k plan is your solution. For more information please visit www.SenseFinancial.com a leading provider of retirement plans for self-employed or contact them at (949)228-9393.