Self-Direct Solo 401 (k)

[Martha Chavarria]

Hi BP family!

I've spent months in researching my next move with my 401 (k). I've made the decision that I will rollover my 401 (k) to a self-directed plan which would allow me to start investing in Tax Liens and perhaps consider Private Lending. A major factor is that being self employed gives me the flexibility of making substantial yearly contributions. I'm wondering if anyone has considered or is currently under such a plan and how has it been working for you? I'm still researching companies that would offer major support along the way including having extensive knowledge in real estate and taxes. I welcome your thoughts and perhaps advise me on reputable companies I should be considering. Many thanks! 

[Dmitriy Fomichenko]

@Martha Chavarria

this is a great decision to be in charge of your retirement funds, if you are willing to put some effort in it - you'll do much better than being in the stock market. 

Self-directed Solo 401k plan is a great choice, it will not only enable you to invest in alternative assets, but it is also great tax-sheltering vehicle, allowing you to shelter up to $53,000 per year from your income.

Good luck!