Los Angeles, CA (PRWEB) July 22, 2014
Stay-at-home spouses can now have access to small business retirement plans set up by their self-employed spouses. The Solo 401k is a type of self-employed retirement plan that is available only for small business owners and their spouse. There is no limit on the nature of the business, but there must be no full-time employee involved in the business operations except their spouses who are participating in the business. Spouses that are stay-at-home and works for the business at the same time can help in making contributions and can greatly benefit from this kind of retirement plan.
Spousal IRA is the most common retirement plan for non-working as well as working spouses. However, between the Solo 401k and spousal IRA, the former provides more flexibility and higher contribution limits. Here are some of the great advantages that small business retirement plans could provide for both the account owner and his or her spouse:
Sense Financial is California's leading provider of retirement accounts with "Checkbook Control:" the Solo 401k and the Checkbook IRA. Over the years, they have assisted hundreds of clients obtain checkbook control over their retirement accounts, while providing them with the ability to invest in virtually any investment class, including real estate, private lending, mortgage notes and much more without the need for custodian approval.
Over the years, the company has excelled in providing clients with the best tools to grow their retirement funds. At Sense Financial, investors are not only fully supported with the process of setting up, maintaining, and investing their IRA or Solo 401k, they will also have access to the wealth of knowledge of an experienced team of financial and real estate professionals.
To learn more information about Solo 401(k) for self-employed real estate agents, please visit http://www.sensefinancial.com or contact (949) 228-9393.