Solo 401k is the self employed retirement plan that can provide individuals with the ability to grow a retirement portfolio in a single retirement account. It also provides tax diversification through one of its most invaluable features.
Los Angeles, CA (PRWEB) July 23, 2014
Sense Financial and Prudent Consulting introduce self employed retirement plan or the Solo 401k plan which allows retirement investors to invest in non-traditional assets including mortgage notes investments and trust deeds. Furthermore, this ultimate retirement plan also provides account holders with either post tax or after tax contributions depending on their choice at any given time.
Small business retirement plans such as the Solo 401k has a built-in Roth sub account wherein the account owner need not to open a separate Roth account should he wish to make after tax contributions. Through this Roth sub account feature, post tax contributions can be conveniently assigned together with the pre-tax contribution on the Solo 401k’s regular account. This feature makes it hassle-free for retirement plan holders to tax diversify their retirement account and benefit from it on their later years.
Moreover, this self employed pension offers retirement investors limitless possibilities in terms of their chosen retirement vehicle. They can decide to invest their self employed retirement plan funds to passive income investments such as rental properties, mortgage notes, and trust deeds. They can also put their funds to any investment vehicle that they are familiar with such as private business, tax liens and tax deeds, precious metals, loans, and a lot more.
The multiple investment feature of the Solo 401k self employed retirement plan is very essential in diversifying the investments in an individual’s retirement plan. The benefits in diversifying a retirement portfolio include: different source of income stream, an active and secured income for the individual’s retirement account, risk reduction; and also by diversifying the investment portfolio in a retirement account, account owners would be able to preserve capitalization. This can further grow the account’s investment vehicles. Adding passive investments like trust deeds and mortgage notes in retirement portfolio reduces the risk of the retirement account being stagnant.
Sense Financial is California's leading provider of retirement accounts with "Checkbook Control": the Solo 401k and the Checkbook IRA. Over the years, they have assisted hundreds of clients obtain checkbook control over their retirement accounts while providing them with the ability to invest in virtually any investment class, including real estate, private lending, mortgage notes and much more without the need for custodian approval.
To learn more information about Solo 401(k) for self-employed real estate agents, please visit http://www.sensefinancial.com.