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Updated over 6 years ago,
Solo 401k or Self Directed IRA
Hi folks. I’m looking to do an investment using retirement funds and I’ve read a lot about the solo 401k and the self directed IRA. Does anyone have a recommendation for a good way to start the process of opening one of Hess accounts?
Also, I read that to have a solo 401k you need to have a business. I have a couple. However, I also read that you can’t have Full time employees. I have some in one of the business but not in the other. Does that mean I am disqualified for the solo 401k?
Any comments, recommendations or referrals would be much appreciated. Thanks everyone I hope this helps others navigate these options!
Best,
Dave