Switching to SDIRA, finding sponsors and getting into MF

[Manmath D.]

I wanted to know your thoughts on this. I was thinking of moving close to $200k from an old 401k account into SDIRA. I’m not much familiar with SD custodians. Only one I know is Speciaized trust company. Do they vary a lot in structure or fees ? Are there any other reputable custodians that I should look at ? My main goal in doing this is to find a reputable sponsor to invest with solid long term returns. That brings to my next question, which is finding a good sponsor and MF investment with good returns. Do you guys recommend anyone in particular . I’m familiar with Matt Faircloth, Jake and Gino, Corey Peterson and few others.

I’m also looking to get into Jake/Gino’s coaching program. I have reached out to Corey Peterson to get into his boardroom but haven’t heard back yet. I have 100k in cash I plan to start with (I know it’s not much) to reach my goal of 4 to 5k/month in cash flow in next 2 to 3 years.

[Dmitriy Fomichenko]

Here is a list of retirement plans approved by the IRS:

https://www.irs.gov/retirement-plans/plan-sponsor/types-of-retirement-plans

- Individual Retirement Arrangements (IRAs)
- Roth IRAs
- 401(k) Plans
- 403(b) Plans
- SIMPLE IRA Plans (Savings Incentive Match Plans for Employees)
- SEP Plans (Simplified Employee Pension)
- SARSEP Plans (Salary Reduction Simplified Employee Pension)
- Payroll Deduction IRAs
- Profit-Sharing Plans
- Defined Benefit Plans
- Money Purchase Plans
- Employee Stock Ownership Plans (ESOPs)
- Governmental Plans
- 457 Plans

Definition of QRP (Qualified Retirement Plan): A qualified retirement plan meets the requirements of Internal Revenue Code Section 401(a) of the Internal Revenue Service (IRS) and is therefore eligible to receive certain tax benefits.

Solo 401k falls under 401k category ( and therefore also under QRP category) here is IRS explanation:

https://www.irs.gov/retirement-plans/one-participant-401k-plans

There is no such thing as "eQRP" from the IRS stand point. After doing some research it appears that this name was trademarked and the owner using it for one of the plans that fall under category Qualified Retirement Plans. Since we have the owner involved in this thread it would only be appropriate to ask for clarification. @Damion Lupo please enlighten us all which specific qualified retirement plan you are referring to when you use this name?