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Updated about 10 years ago on .
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solo IRA
Hi everyone
Is a solo IRA a good retirement account for a LLC to work though? I don't know what one is better solo IRA or Self-Directed IRA.
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Dmitriy Fomichenko
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Tax & Financial Services
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Dmitriy Fomichenko
#1 New Member Introductions Contributor
Tax & Financial Services
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- Solo 401k Expert
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I think you might be confusing solo IRA with Solo 401k. There is self-directed IRA and there is self-directed Solo 401k. The Solo 401k is designed for those who are self-employed or own a business without any full time employees besides owner and his spouse. If you qualify for it - truly self-directed Solo 401k would be ideal option for you in my opinion.
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