For those looking to get the most out of their retirement savings, the Solo 401(k) is the best option currently available. Those who qualify for the Solo 401(k) can contribute up to $56,000 annually (more if you're 50 or older), invest in any asset allowed by the IRS, and finally, not pay an arm and a leg in fees.
You can contribute up to $55k to your Solo, and take huge tax deductions.
No preset menu of investments. Invest in anything allowed by the IRS.
Borrow up to $50k from your Solo 401(k), and pay yourself back over time.
Enjoy all of the tax protections of a 401(k), whether you have a traditional or
Solo 401(k) account holders may be able to contribute up to $56,000 ($62,000 if 50 or older). $19,000 ($25,000 if 50 or older) can be a straight deferral of income, and the remaining $37,000 comes from profit sharing.
Investing is easy with a Self Directed IRA from Rocket Dollar. Use your retirement funds to pursue an almost unlimited number of investment options. No longer limited to a predetermined menu of mutual funds, you are able to pursue opportunities in:
With a Solo 401(k), you are able to instantly make a loan to yourself for half the value of your plan, up to $50,000. Best of all, this money can be used for anything. Whether you’d like to make an investment outside of your 401(k), bridge a dip in income, or anything else you need cash for, a loan from your Solo 401(k) is a quick, guaranteed line of credit.
Your investments will grow tax-advantaged until you retire (or forever if you have a ROTH). Combine the power of all the investment options available to you and the tax protections of a retirement account makes for a powerful combination.
Ready to start your self-directed journey? Opening an account with Rocket Dollar is simple and easy. In just a few days you will be able to manage your account directly from our platform, and making investments is as simple as writing a check.