My retirement account hasn't performed in the last 10 years. What attracted me most to self-directed Solo 401k is the fact that I can invest my own money wherever I want. I love real estate, that's what I know.
Los Angeles, CA (PRWEB) March 28, 2014
Sense Financial gathers all the information from their clients to find out why Solo 401 k plan is their choice in terms of retirement planning. Most of the clients who go to Sense Financial are interested in putting their retirement savings into non-traditional assets, but they are not completely aware of the benefits that the Solo 401k self directed retirement accounts offer. It is only after they go to Sense Financial that they fully realize the other important features of the Solo 401k.
The first reason why individuals go for the Solo 401 k plan is because they want to invest in Real Estate. According to one of the clients of Sense Financial, Gene Osten, “I came to the conclusion a few years ago that I wanted to diversify particularly into real estate, and that was what Sense Financial was able to help me accomplish, that goal which I would have not been able to do with a traditional 401k.”
Dave Cochems, another client who knows how Real Estate investment works commented, “My retirement account hasn't performed in the last 10 years. What attracted me most to self-directed Solo 401k is the fact that I can invest my own money wherever I want. I love real estate, that's what I know.”
Many clients share the same concern with regards to stock market investing. They think that they would lose more money in stock market and wanted to stop and take control of their retirement savings. They thought that real estate is a better place to put their money and they couldn’t do that in the absence of a Self Directed 401k.
The second reason for choosing Solo 401 k plan is because of the checkbook control feature.
Larry Sangiorgio said, “Having a checkbook control allows me to react immediately. I don't need to wait for a bank to send me money. I can make the decision today and actually be an escrow today if I need to be.”
The checkbook control feature allows account owners to write checks instantly when they decide to make investments. Having this kind of feature makes it easier for them not only to monitor where their funds go but also to avoid delays in the process which saves them time.
Mr. Sangiorgio added, “The main benefit to me of a self-directed IRA or Solo 401k is the ability to guide my own ship. I like the idea of being in control of where my money goes and not having to rely on somebody else to make all decisions for me.
The non-involvement of a custodian is the last among the top three reasons why Solo 401k is the best retirement plan for self-employed individuals. For them, the ability to manage their own account and to apply their decisions quickly is very significant. Not only they would be able to save time but they could also save money from paying custodian related fees.
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.
To learn more about the solutions they provide, please contact: (949) 228-9393.