The Solo 401K - The Ins and Outs
Directed IRA Podcast
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Differences Between Self-Directed IRAs and Solo 401Ks
This chapter explores the distinctions between self-directed IRAs and solo 401Ks, including investment options, custodian requirements, and income restrictions. It also delves into the advantages of being a trustee and plan administrator for a solo 401K, as well as the possibility of taking loans from the account. Additionally, it discusses the requirements for setting up a business within a solo 401K and highlights the tax implications of different types of income within retirement accounts.
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