What Is a Self-Directed 401k?

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401k vs. IRA: What’s the Difference?

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What is a Solo 401k?

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What Is a Self-Directed 401k?

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Traditional vs Roth

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Luckily your Solo 401k can also have a Roth component. So you can chose to invest in one option or the other, or both.

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Protecting Your Financial Future

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SWIPE UP TO LEARN MORE

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Swipe Up

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What Is a Self-Directed 401k?

401k vs. IRA: What’s the Difference?

IRA plans are set up on an individual basis and not set-up by an employer. A 401K is set up by an employer.

What is a Solo 401k?

A Solo 401k is also known as a self-employed 401k. Full-time freelancers and self-employed individuals are not able to take advantage of a permanent employer retirement plan, so instead that can opt for a solo 401k. (Which is even better!)

What Is a Self-Directed 401k?

All Solo 401k’s by default are also “Self Directed”. That means that you have full control over what you invest in.

Traditional vs Roth

There is one key difference between traditional and Roth IRAs. With traditional IRA plans, you invest funds into the plan pre-tax. This means you do not pay income or other taxes on funds the year you invest them into a traditional IRA.

Luckily your Solo 401k can also have a Roth component. So you can chose to invest in one option or the other, or both.

Protecting Your Financial Future

No matter the types of investment plans you choose, it’s important to invest early. The more time your investments have to grow, the more compounding you will get.

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Want to protect your future with a self directed 401k and more? Consider our “Map My Retirement” service package today.

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