Retirement Plan Suggestions for Rental Income

[Corey G.]

Hi Everyone, I recently quit my day job and am trying to decide what to do with my 401k funds. I was going to transfer into an IRA but when I got to looking things over, I'm seeing some other options that I don't know if I'd be qualified for and would like some advice if possible. I own 4 rental properties (16 units total) and I manage them all myself. My 401k has both pretax and Roth funds in it. I was originally just going to transfer the Roth part into my existing Roth IRA and setup a Traditional IRA for the pretax funds but I'm thinking at the very least I want Checkbook Control on my funds and that's not available with my existing company. I'd like to have the option to invest into real estate and Crypo. I have seen some additional options like the Solo 401k, SEPIRA, and some others and I like the increased contribution limits but I am not technically "self employed" even though I'm managing all these properties. I'm curious as to what would be my best option. Is there a way to set myself up as self employed running my own real estate or property management business? I believe the self employment retirement accounts also require self employment taxes so that would be a negative of those option. Any options that I'm not aware of? Any advice would be appreciated.

[Joe Homs]

@Corey G. you can contact @Dmitriy Fomichenko who can answer all your questions as he is an expert in the field and the one that I go to with questions.

Good Investing...