Solo 401(k)'s most touted feature is its uniquely large annual contribution limits ($46k - $102k). A lesser known feature may be just as useful for some: participant loans. What is a participant loan? A Solo 401(k) participant can borrow up to either $50,000 or 50% of their account value with the … [Read more...] about Borrowing money from your Solo 401(k)
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Checkbook Control 2.0 (for the self employed)
With tens of thousands of self directed IRA investors utilizing LLC structures to enjoy "checkbook control" authority of their self directed IRA investments, this post may serve as great news for those who aim to follow suit. Solo 401(k) retirement plans can grant direct checkbook control without … [Read more...] about Checkbook Control 2.0 (for the self employed)