IRA LLC versus Solo 401K versus SDIRA
I am in the process of figuring out the pros and cons of IRA LLC versus Solo 401K versus SDIRA to lend funds out of, for a short term real estate project. Can someone provide insights or resources?
Thanks,
Ritu
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Dmitriy Fomichenko
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#1 New Member Introductions Contributor
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Dmitriy Fomichenko#1 New Member Introductions Contributor
#1 New Member Introductions Contributor
- Solo 401k Expert
- Anaheim Hills, CA
In most cases Solo 401k is superior vehicle (if you are eligible for it). Here are some of the advantages:
- Contribution limits 10X higher than an IRA
- No need for a custodian
- Checkbook control with out the need for an LLC
- Lower cost to set up and maintain
- Ability to take participant loan
- Roth contributions are not subject to income limits
- Exempt from UBIT on leveraged real estate
- and more!