Choosing the right retirement account can make a significant difference in how you save for retirement and invest your money. For self-employed individuals and investors interested in alternative assets, a Solo 401(k) and a self-directed IRA each offer unique benefits, but understanding how they differ is essential to determining which option best fits your goals.
Join Mat Sorensen, CEO of Directed IRA, as he compares Solo 401(k)s and self-directed IRAs, breaking down how each account works, who can use them, and the advantages each offers. He’ll also explain key differences in contribution limits, investment flexibility, and account features to help you better understand your options.
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What we’ll cover:
- What a Solo 401(k) and a self-directed IRA are and how they differ from traditional retirement accounts
- Eligibility requirements and who can establish each type of account
- Contribution limits and how funding options compare between the two accounts
- Investment opportunities, including real estate, private lending, private companies, and other alternative assets
- Key differences in account features, flexibility, and investment strategies
- Important rules, restrictions, and compliance considerations for each account
- How to evaluate which retirement account may be the best fit for your financial goals
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Book a call today with a self-directed IRA expert to see how you can start investing in what you know!