The Individual k Roth account makes earning with tax breaks possible. Plan participants enjoy the perks of wealth-building and financial growth without the burden of taxes. Plan owners may opt to roll over their account to the Solo 401k Roth account. This option is quite simple and the benefits are tangible and real.
About the Individual k Roth Account
With the account that combines Roth and Self-Directed 401 k, plan participants experience the most powerful tax-free solution. Boost your retirement savings without the hassle of tax restrictions with the Individual k Roth account. The after-tax money is what basically funds the account. Due to after-tax contributions, plan owners gain tax-free investment on the best 401 k investment choices they prefer. It also offers tax-free growth and tax-free withdrawals.
Tax breaks are not upfront however the Individual k Roth account is the ideal solution for tax-free transactions in the long run. The account is a blend of the powerful advantages of the Roth IRA and the Solo k retirement plans. In order to learn more about the account, take note of the following details:
Unlimited Investment Opportunities
The Self-employed 401 k retirement plan is the best venue wherein plan participants can invest in traditional as well as non-traditional assets. There is true diversification of your retirement savings with the help of the Individual k Roth account. Diversify your investment and earn without taxes from your transactions in real estate, precious metals, mortgage notes, private businesses, hard money lending, tax liens and tax deeds, and stocks and bonds.
High Contribution Limits
Plan participants that contribute the maximum contribution limit experience the perks of the Individual 401 k. Make your contribution from after-tax money and comply with the $18,000 annual contribution limit for salary deferral into the Individual k Roth account. Profit sharing contribution cannot be made directly into the Roth account. However, after the contribution is made, plan owners can choose to convert their Solo 401k money into Roth Solo 401k later.
Low Cost and Simplified Administration
The Individual k Roth sub account offers the easiest administration requirements. Plan owners have total access and control of their retirement assets. Decisions involving the retirement fund don’t require any custodian consent hence no custodian fees and delays.
The remarkable earning potentials from the Solo 401 k combined with tax breaks with the Individual k Roth account rollover indicate lucrative investment. It is the ideal way to put your hard-earned money in the right place.
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