All Forum Posts by: Julia Trudeau

Ok, so only a solo 401k can be turned into a self directed 401K. That makes sense.

We have Roth IRAs too, but with much smaller balances, so not as useful to invest with. The contribution limit is much smaller every year and we didn’t figure out until late in the game that we could contribute to both. I learned that on bogleheads, not from any of our accountants, all who knew we wanted to maximize our retirement contributions.

We have had such awful accounting advice, it is hard to believe. Our latest accountant, disregarded a $43,000 tax credit because she didn’t think we qualified for it, and didn’t even tell us. She was wrong. We did qualify for it. Thank God we caught it before she filed.

My husband and I are the employers and we have employees in our plan with their own accounts. Do you have to have a solo 401K to make it self directed? We have a fiduciary duty to our employees.

I presently have a 401k. I am wondering if I wanted to set it up to do private lending out of it and so set it up to be self directed, how do I handle the portion of funds that I don’t want to lend out? 

For example, If I wanted to use 1/2 of it to do private lending, but not all of it, can I just conservatively invest the other 1/2? How does this look?