Qualified 401k Retirement Plan – Basic Guide for New Participants

Qualified 401k Retirement Plan

Qualified 401k Retirement Plan

Enjoy financial growth and stability with the Qualified 401k retirement plan. The self directed retirement account is different from Traditional or SEP IRA plans for a number of reasons. It allows plan participants to enjoy the best 401k retirement plan real estate investment. On top of the earnings from the real estate niche, you can also explore other fields. More and more retirement investors see the difference between the Solo 401 k and other retirement accounts.

Qualified 401k Retirement Plan Features

The Solo 401k for small business is a popular investment for retirement investors that own a small company without any fulltime employees. Only the business owner and his spouse are allowed to have fulltime employment status in the company. The Qualified 401k retirement plan is also a viable option for self-employed individuals. You are eligible to establish the Individual k account if you can prove your self-employment activities. Self-employed individuals are those who work as consultants or independent contractors.

Here are some of the features of the Qualified 401k retirement plan that make it a highly recommended retirement account:

  • Checkbook Control. Account owners enjoy total control of their retirement assets as trustee of the Participant-Only 401 k. Checkbook Control allows you to use your retirement money to fund investments such as precious metal, real estate, and stocks and bonds. Accessing the Qualified 401k retirement plan money is as convenient and fast as writing a check.
  • High Contribution Limit. The Owner-Only 401 k updated max contribution for salary deferral elective is $18,000. If you are 50 years old and older, you are allowed an additional $6,000 catch-up contribution, making your annual contribution limit up to $24,000. The Qualified 401k retirement plan contribution limit is considered 10 times higher than traditional IRA retirement plans.
  • Diversified Investment. Plan owners can watch their money grow through lucrative investments. Use the self directed Qualified 401k retirement plan funds to invest and earn from real estate, stocks and bonds, hard money lending, precious metals, foreign currencies, and so much more.
  • Tax Free Earnings. One of the top features of the Qualified 401k retirement plan is that plan owners can enjoy tax breaks. Through the Solo 401k Roth sub account, you can make after-tax contribution for tax-free investment and earnings.

The Qualified 401k retirement plan enables retirement investors and plan participants to ensure financial growth and stability. Learn more on how you can invest on the best wealth-building ventures using the Individual k retirement money.

Related Keywords

.           Best 401k retirement plan real estate investment

.           Owner-Only 401 k updated max contribution

.           Solo 401k for small business