Self Directed Solo 401k: Take Control of Your Retirement Saving

For many investors, the idea of a 401k isn't very attractive because the funds are usually managed by a custodian. The self-directed Solo 401k plan, however, offers a change to the traditional retirement plan concept. With this option, plan owners can be in charge of their investments. Let's take a look at the benefits that a self directed Solo 401k plan can offer in this Solo 401k Quick Tip video:

Self Directed Solo 401k: Take Control of Your Retirement Saving

The Solo 401k plan can be administered and managed by custodians. So why should you self-direct your Solo 401k? The reason is that no one cares more about your retirement future than you do.

Self-directing means you can choose the types of investment that best fit your risk tolerance and financial goals. Truly self-directed option also comes with the checkbook-control. You will be able to decide where to keep your funds and have direct access to the funds at any time.

Custodians charge transaction fees and asset-based fees. With a truly self-directed Solo 401 k plan, you as the trustee have full control over plan assets and are able to eliminate fees associated with a custodian.