Real Estate, LLC, Bullions and more. Purchase real estate and other investments using your retirement funds.
If you were looking for a Self-Directed IRA, click here.
A self-directed 401(k) or Solo(k) is similar to a traditional 401(k), however, the self-directed 401(k) allows the investor to purchase time-sensitive investments such as rental properties, tax liens, private mortgages, and precious metals. Diversifying outside the stock market lets investors grow their retirement at an accelerated pace.
Provident’s,Self-directed Solo(k) or Checkbook 401k, is ideal for self-employed business owners such as consultants, lawyers, doctors, and contractors who want to diversify retirement account money from IRAs, 401(k)s, 403(b)s, and SEPs into real estate, tax liens, private stock, mortgages, loans and more.
The self-directed 401(k) account enables investors to:
- Borrow up to $50k from the plan
- Make maximum contributions nearly 10 times higher than self-directed IRAs
- Have checkbook control of retirement funds without using an LLC
- Make Roth contributions to the plan
- Diversify self-directed traditional and alternative options
With Provident’s Self-directed 401(k), there are no transactional or asset-based custodial fees. This leaves more opportunity for accelerated wealth-building.