Retirement Plans
- Thread starter redgsr
- Start date
Look into Solo 401k's.
Self Directed IRA Solo 401k Solo K Blog :: Jeff Nabers Alternative Investing Strategies
That company were the first to offer them.
Self Directed IRA Solo 401k Solo K Blog :: Jeff Nabers Alternative Investing Strategies
That company were the first to offer them.
You're partially correct. You can put up to $15k in a Roth under the Solo 401k. The rest you put in is not tax deferred but tax deductible.
Solo 401k is a little better because as you mentioned you can put an extra $15k in a Roth on top of the 50k from what I understand. My problem with the Solo is that it requires a lot more administrative paper work so I'm not sure it's that much better than the SEP for me. I don't anticipate the need to take a loan against the IRA which is another advantage of the Solo.
Man a SEP IRA with Roth style taxes would be awesome. On another note does anyone have retirement accounts with Vanguard? Are you happy with the them?
* SEP full 50k is tax deductible as well but I would much rather pay my taxes now.
You should call up the guys at Nabers. They have a plan where they take care of all the paperwork. I think it's $75 or so a month. Since it's self-directed, you can also invest in a lot of things aside from stocks, e.g, gold, real estate, etc. It's much more flexible than anything you can get at Vanguard and the rest.
I'm not going to pretend to be an investing guru so that's what scares me. I'm looking for lower risk stuff with "bigger name" firms just to easy my mind. Vanguard seems to have a decent track record with mutual funds which is why I was looking at them.
I looked at Nabers but not in great details yet. I wouldn't really know where to begin when it comes to building my own investment portfolio and don't have the time to monitor or learn.
Yes but if you are an internet marketer self employed with an LLC you can contribute and "match" your own contribution, no? (not expert in this field)
I've got a Roth IRA as well as a life insurance policy that gives SICK rates - for those who don't know life insurance policies are great investments, only draw back is you have to be pretty healthy and have to pass a drug test (cant have weed in your system or nicotine!!)
I've got a Roth IRA as well as a life insurance policy that gives SICK rates - for those who don't know life insurance policies are great investments, only draw back is you have to be pretty healthy and have to pass a drug test (cant have weed in your system or nicotine!!)
I think a lot of this comes down to how much you make per year. I'm looking at insurance policies now as I've never considered them.
Anybody used Nabers.com or Solo401K.com or had a good experience with any company they can strongly recommend for a solo 401K? Setting one up before the year is over.
I have two life insurance policies and a disability policy. Both tested for nicotine and hard drugs. I smoke cigars and passed the nicotine portion.
There was no mention of marijuana testing, and I obviously was not tested because I passed, lol.
