Clarification of Self-Directed IRAs/401(k)s
There's a lot of vague information out there...I'd like to post this in an attempt to generate some answers that everyone can ultimately reference.
(Assuming you're under 50 years of age)
Roth IRA
Income (AGI) limit: $101,000 (Single)
Contribution limit: $5000
Funded with AFTER-TAX dollars (therefore, no tax deduction)
No UBIT liability.
Traditional IRA
No income limit
Contribution limit: $5000
Funded with PRE-TAX dollars (tax deduction allowed)
If Self-Directed, you are still eligible for UBIT.
If Self-Directed, no UBIT liability.
Solo 401(k)
No income limit.
Contribution limit: $15,500 plus 20% of your AGI (25% if you're incorporated) up to $46,000
Tax deduction allowed
If Self-Directed, you can rollover you (non-Roth) IRAs and Solo 401(k)s into one giant SD-401(k)
Like the SD-Roth IRA, no UBIT liability.
Solo Roth 401(k)
No income limit.
Contribution limit: $15,500
No tax deduction
(Not sure about UBIT liability when Self-Directed)