Small Business 401k Plans Benefit BiggerPockets Members
BiggerPockets.com is one of the largest online networks for real estate investors. Members of the site can find endless opportunities to network and learn about real estate investments. Retirement planning is one of the latest additions among all the information that can be found on BiggerPockets. Through this platform, many members have come to discover small business 401k plans provided by Sense Financial.
About BiggerPockets
Joshua Dorkin founded BiggerPockets in 2004 to help others learn about real estate by providing resources and guidance they need. Throughout the years, BiggerPockets keeps growing and now has becomes one of the largest resources of information related to real estate. The network also grows into one of the largest, with over 190,000 members in June 2014. The site is now hosting more than 850,000 forum posts and tens of thousands of articles. It has become a trusted network for professionals, homeowners, investors and other aficionados.
Talking about BiggerPockets, Dmitriy Fomichenko, Sense Financial president, said he really enjoys working with members to help them set up small business 401k plans. Many members are seasoned investors themselves. Therefore, Dmitriy is glad to help while learning from these members. He said: “While I am helping them obtain checkbook control over their retirement accounts, I was able to establish multiple friendships and some successful business relationships.”
How small business 401k plans can benefit real estate investors
After many years working in real estate, Dmitriy realized that many investors can be very successful with their investment portfolio, but without a sound retirement plan. The reason is that while real estate is their niche, most retirement plan providers present them with only stocks or bonds as investment choices.
As a real estate investor himself, Dmitriy recommends BiggerPockets members to set up a Solo 401k instead. This is one of the most innovative small business 401k plans with many advantages that can help investors succeed. The biggest benefit of a Solo 401k plan or Individual 401k plan is that it allows investors to invest in almost anything legally available, including real estate. This means investors can now choose to invest in what they know and understand the best.
Not only so, BiggerPockets members are also pleased to find that Solo 401k plan offers checkbook control. This benefit of small business 401k plans allows plan owners to make investments as they see fit, without consulting a custodian. Combined with the learning and networking opportunities from BiggerPockets, members can take advantages of these benefits and build successful retirement portfolios.
Related Search Terms
- Small Business 401ks for Real Estate Investors
- Real Estate Solo 401k
- Real Estate Individual 401k
- Invest Solo 401k in real estate
- Solo 401k investment rules