SOLO 401(K) instead of Self Directed IRA
Greetings BP !
Want to use some of my retirement funds to invest !
Wanted to go with Self Directed IRA but that seems cumbersome and having someone between me and money is slow and I don't feel like I am in control of my money ... Found the Solo 401(k) plan which gives me direct control of the checkbook without needing someone else's control or permission !
Does anyone have experience with Sense Financial ? I know they are a "preferred" business, listed here in BP under the Pro forums.
However, doing my own Due Diligence, hope someone can share an experience or opinion on this company. They are not accredited with the BBB .... Hmmm ... Looking for some insight !
Thank you in advance !
Respectfully,
Manny3
Most Popular Reply
Are you self-employed with no full time employees? That is required in order to establish a Solo 401(k) plan.
If not, you can establish a self-directed IRA LLC that also offers checkbook control and is much more efficient for most real estate investors than utilizing a 3rd party custodian as the processing layer.