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Updated almost 14 years ago,

User Stats

3
Posts
0
Votes
Pam Smith
  • Homeowner
0
Votes |
3
Posts

Self Directed Solo 401K Questions

Pam Smith
  • Homeowner
Posted

Hi, I am new to finding about self directed ira and self directed 401k recently from this forum and I have a few questions that I hope I can learn more before I making any decision.

1. Me and my husband have corporation (self employed) no employee. My husband also works as consultant. Can I or him both qualify to open up solo 401K?

2. I am hoping I would not need an LLC to do this, correct?

3. Can I be my own trustee starting out if I am very careful?

4. if not, what are best companies for trustee based on services and fees?

5. Can I buy land anywhere in US, other country in this situation?

6. Can I do joint investment with others if my 401k funds are not enough with my husband (disqualified or not?)

7. I have narrowed down the search to 5 companies, broad financial, sunwest, entrust , solo 401k and equity trust. Has anyone used any of these companies? If so, what do you recommend?

Thank you so much.

Pam

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