If you’re looking for a tax break this year, there’s still time to open a Solo 401(K). But do your research and seek experts to help you understand the plan, how to manage your account without the need for a custodian which amounts to extra fees, and how to transfer your existing new plan. You’ll find the options for investing and maximizing your contributions are plentiful but the clock’s ticking—you only have until December 31st to open one for 2009.
Self Directed Solo 401k Investment Options
November 29, 2008 By 7 Comments
In addition to saving money in a tax favored account, a Self Directed Solo 401k enables you to invest in virtually anything. Unknown to most people, retirement accounts and stock market investments do not have to go hand in hand. While the stock market only represents a small fraction of the investment opportunities out there, the Self Directed Solo 401k taps into those possibilities. Here’s a partial list of potential investments:
Precious Metals
Gold, silver, and platinum coins
Precious metals can offer a secure way to ensure wealth preservation. Gold has been used directly as money for the vast majority of human history. Own the only asset that has been time tested for thousands of years.
Real Estate
Cash purchased or leveraged, residential, commercial, land, options, tenants in common, mortgage notes, trust deeds, domestic or foreign
Owning real assets can be a predictable and understandable way to protect and grow wealth.
Private Companies
Stock in corporations, membership units in LLCs, promissory notes, private placements memorandums, hedge funds, domestic or foreign, revenue participation agreements
Invest in the startup or expansion of private companies… others’ or your own.
Miscellaneous
Foreign bank accounts
While you are probably [Read more...]
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