Equity Trust vs. Quest IRA vs. Solo 401K who should I go with??

[Mark Porter]

I have 77k to fund one these self directed IRA but now I'm trying to decide who to go with. Seems like Solo 401K give you the most control of your money, please help. Thanks!!

[Brian Eastman]

@Mark Porter

It really depends on what you intend to do with the funds.

If you will be making a single, more static investment that does not involve a lot of transactions, an IRA custodian will be simple. I'd avoid the two you mention and find a company that charges fee for service and not per the asset value of the account, however.

If you will be investing in assets that are time sensitive, involve a lot of transactions, or will be using leverage like a mortgage, then a Solo 401(k) - assuming you qualify as self employed - will be a much more flexible, and powerful tool. If you do not qualify for the SoloK, a checkbook IRA LLC has similar advantages.

Chat with a custodian or two and a few providers of checkbook IRA and Solo 401k plans. Different types of businesses provide each type of plan service. It will become clear to you which business model will be the better fit for your needs.