Using a Solo 401K plan to buy real estate presents a number of exciting tax and retirement planning opportunities, “ stated Adam Bergman.
Miami, FL (PRWEB) February 15, 2012
Solo401KLawyers.com, the only attorney owned and operated self-directed 401(k) retirement provider announces the introduction of its solo 401K Plan solution for buying real estate tax-free and without custodian consent.
“With depressed real estate prices, many retirement investors are looking for better returns for their retirement funds in the real estate market ,” stated, Adam Bergman, a tax attorney . “Using a Solo 401K plan to buy real estate presents a number of exciting tax and retirement planning opportunities,“ stated Mr. Bergman. Whether one currently has an IRA or qualified retirement plan, Solo401KLawyers.com has significant experience helping clients use a Solo 401K Plan to maximize their tax benefits and investment returns.
A Solo 401K Plan, also known as an individual 401K or self-directed 401K Plan, offers a self employed business owner the ability to use their retirement funds to make almost any type of investment, including real estate, tax liens, private businesses, precious metals and foreign currency on their own without requiring custodian consent tax-free. In addition, a Solo 401K Plan will allow one to make high contribution limits (up to $55,500) as well as borrow up to $50,000 for any purpose - the Solo 401K Loan.
A Solo 401(k) is perfect for sole proprietors, small businesses and independent contractors such as consultants. A Solo 401K plan offers the same advantages as a Self Directed IRA LLC, but without having to hire a custodian or create an LLC.
The Solo 401(k) plan is unique and so popular because it is designed explicitly for small, owner only business.
Solo401KLawyers.com will take care of setting up your entire Solo 401k Plan. The whole process can be handled by phone, email, fax, or mail and typically takes between 2-10 days to complete, the timing largely depending on the state of formation and the custodian holding your retirement funds. Our 401k experts and tax and ERISA attorneys are on site greatly reducing the set-up time and cost.
To learn more about Solo401KLawyers.com please visit our website at http://www.solo401klawyers.com or call 800-472-0467.