(Nabers Group) 877-SOLO-401K. The owner of the world’s only full service self directed IRA & 401k provider presents the advantages of an Unlimited Solo 401k. This is a retirement account that is legally able to invest in gold, real estate, private companies, mortgages, LLCs, and virtually anything else.

This part explains the mechanics of how the Self Directed Solo 401k has much higher contribution limits than the Self Directed IRA….(read more)

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Part 3 of Solo 401k vs. Self Directed IRA – High Contribution Limits

When it comes to retirement savings, the higher the contribution limits, the better. That’s why investors often choose between a Solo 401k and a Self-Directed IRA when deciding which retirement plan to use. Both plans offer high contribution limits, but the Solo 401k has a distinct advantage.

The Solo 401k is designed for self-employed individuals and small business owners. It allows you to contribute up to $58,000 per year, or $64,500 if you are 50 or older. This is significantly higher than the $6,000 limit for a Self-Directed IRA. This makes the Solo 401k an attractive option for those who want to maximize their retirement savings.

In addition to higher contribution limits, the Solo 401k also offers more investment options than the Self-Directed IRA. The Solo 401k allows you to invest in a wide variety of assets, including stocks, bonds, mutual funds, real estate, and more. This makes it easier to diversify your portfolio and potentially increase your returns.

Finally, the Solo 401k offers more tax benefits than the Self-Directed IRA. Contributions to the Solo 401k are tax-deductible, while contributions to the Self-Directed IRA are not. This can help you save more money on taxes in the long run.

Overall, the Solo 401k is the clear winner when it comes to high contribution limits. It allows you to contribute more money each year, offers more investment options, and provides more tax benefits. If you’re looking to maximize your retirement savings, the Solo 401k is the way to go.