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I need help to setup QRA account
I have my 401k account and I would like to setup my QRA and I like to transfer the funds from my 401k to the QRA. Can the gurus help me and advise how I can setup this QRA account in the right way and how I can use the funds in QRA for the RE deals and grow my QRA faster then 401k account?
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#1 New Member Introductions Contributor
- Solo 401k Expert
- Anaheim Hills, CA
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#1 New Member Introductions Contributor
- Solo 401k Expert
- Anaheim Hills, CA
Gary, do you know what type of account you want? Typically, the choice is between an IRA and a Solo 401k (Solo 401k is designed for those who are self-employed but it is more flexible, cost-effective and give you more control). An enhanced version of SD IRA is what is known as Checkbook IRA. I suggest you speak with a professional to help you determine which option is the most beneficial for YOU.