First and foremost, the Solo 401(k) is an employer sponsored retirement plan for self-employed person(s) with no W-2 employees. Most commonly this applies to small business owners, but almost anyone who pays taxes with an EIN separate from their SSN could qualify. Company owner’s spouses are permitted to participate in the plan if working for the company. One attractive feature is the high contribution levels (50k+) compared to your standard IRA contribution (6k). Contributions are made from both ‘employee’ and ‘employer,’ and can be placed within either pre-tax or post-tax (Traditional or Roth) sub accounts within your Solo(k). Participants can also take loans from the plan, and all traditional retirement accounts can be transferred into your new Solo-K account.
A Solo(k) LLC is a structure within your retirement account that your qualified funds can invest in. Your newly formed Solo(k) can invest into alternative investments--such as an LLC. By investing into the LLC, you are establishing a company that can make investment decisions on behalf of the Solo(k) account. Funds from your current retirement accounts are consolidated into a Solo(k), then invested into a newly created LLC business checking account, for you to make time-sensitive investments.
A Solo 401(k) LLC gives you the opportunity to purchase real estate and other investments with your IRA, Individual 401(k) Plan or other retirement account. The Solo 401(k) LLC provides an investment vehicle where you can manage your retirement investments with the same flexibility and control you use when managing your non-retirement investments.
Preferred custodial relationships offer its clients minimal annual fees. Regardless of the account size, our clients pay the same low custodial maintenance fee. In addition, our structure all but eliminates transactional, asset-based and holding fees.
Use your retirement funds to invest in real estate, tax liens, businesses, loans and more! Now you can truly diversify your investment portfolio, all inside the same account structure.
Participate in time-sensitive investments, including foreclosures and tax liens, without the time restrictions of the custodial paperwork process. This can potentially save you hundreds or thousands of dollars per year.
Receive the support you need to invest confidently and profitably. Our program includes assistance from a team of experts to help ensure you steer clear of prohibited transactions and toward your retirement goals.
The greatest benefit of the Solo 401(k) LLC is that it gives the IRA owner total control — there is no participation in the investments by a self-directed IRA custodian, meaning a custodian does not have to process paperwork, complete transactions, notarize documents or interact with your investments. Full freedom and control, without endless fees, the Solo 401(K) is what you’ve been looking for. Call us for a free consultation and we’ll set up your account, complete all the necessary documentation, and provide expert guidance on how to make the most of your investment.
Ted is great, my experience was seamless, educative and very professional. Thank you MyDirect IRA - this was a great investment strategy option for my retirement portfolio!
MyDirect IRA took just a few days to set up my new Real Estate IRA and LLC. They handled everything from start to finish. I'm lucky I spoke to Ted and he got everything done for me.
My brother was in need of funding for his pending patent, but couldn't get funding through normal channels. I wanted to find a way to invest my old 401k in his company. MyDirect IRA made it happen in nine business days, just in time for the patent office deadline, and I couldn't be happier!
Ted and his team are fantastic. He helped walk me through all the ins and outs of buying the lot down the road from my home, something I've been trying to do for years. I've been a real estate investor half my working life, and always wished I could dedicate my old 401k to real estate investing. Ted showed me how. He set up my new IRA, LLC, managed the transfer of the funds, and is always available when I need him. I highly recommend MyDirect IRA.
MyDirect IRA is the top IRA LLC, or real estate IRA, company in the country. I took a week to educate myself on all the companies in the market, and decided on MyDirect IRA because of Ted. He made me the most comfortable with the process and really made me feel like I was his only client when we talked.
Unlock more ways to grow your wealth with MyDirect IRA’s FREE Investment Guide. Just fill out the form and we will send you our IRA Investment Guide with no strings attached.