As a tax consultant at Robert Hall & Associates, Tony Watson emphasizes the importance of proper planning. Tony explains how Solo 401k contribution limits can give you the largest tax benefits known within the tax code. Self Directed Solo 401k and Self Directed IRA, he said, are great ways to shelter real estate and save on taxes.
Self Directed Solo 401k and Self Directed IRA are the main services that Sense Financial offers. Over the years, Sense Financial has helped hundreds of clients grow their retirement funds in innovative ways. Not only Self Directed Solo 401k and Self Directed IRA offers great tax benefits as Tony explained, they also benefit account holders in many ways.
Many benefits besides high Solo 401k contribution limits
First of all, both plans can be self directed, which offers checkbook control and no custodian required. Therefore, plan participants can now take full control of their retirement future and make investment decisions on their own. No custodian means no waiting for approval and absolute power over the fund. Also, plan participants can save on custodian fees, which can get costly with frequent transactions. Instead of spending on costs and fees, the money can be invested and produce returns instead.
Solo 401k contribution limits are among the highest of qualified plans, and that gives investors the power to put away more money to invest. Not only that, their investment choices are now expanded to include the widest range of investment classes, from real estate to precious metals, from notes to private businesses. Account holders of both Self Directed IRA and Solo 401k can now venture to any investment options of their choices.
Watch the video to hear what Tony has to say about Solo 401k contribution limits and its benefits to investors.
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