Self-employment comes with its own set of responsibilities. As the solo force in your operation, you’re in charge of budgeting, performance, and customer service. You’re also in charge of retirement planning. You’ve heard of the self-employed 401(k), (also known as the Independent 401(k) or Personal 401(k)), but did you know that there are different self-employed 401(k) platforms?
- A standard self-employed 401(k) allows self-employed individuals to contribute up to $59,000 every year into their retirement plan. However, in the standard model, your investment choices are limited to Wall Street products.
- A Self Directed self-employed 401(k) enables you to go beyond Wall Street. You can invest in virtually any asset class – real estate, private loans, gold, or almost anything else – and all without incurring any early distribution penalties or taxes.
- A Self-Directed self-employed 401(k) with Checkbook Control takes your retirement plan to the next level by getting rid of transaction and asset fees, enabling Real Time Investing, and allowing for a personal loan up to $50,000.
Broad Financial’s Ultimate Solo 401(k) is the premium platform to turbocharge your retirement funds with both Self Direction and Checkbook Control. Broad’s friendly service backs you up with industry leading customer support, and an incredibly easy set up process.
Call us today and find out why your next investment move is… freedom!