I set up my own LLC, Lawrence at solo-k prepared the trust docs, I opened the custodial checking acct, and i am now in full control of my funds.

I currently save money via a savings account as well as a custodial brokerage account.

While you may not want to setup a Solo 401k (if eligible) solely for this purpose, it might be a useful benefit in addition to other features of the plan: Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe, though it's best not to utilize this benefit :)

Greg, when restating a plan to a self-direct you would have to terminate your service with Vanguard as custodian and move those funds to non-custodial account.

Hello,I’m recently divorced. I got my kids 50/50 of the time so I thought the right move was to purchase another SFH. I was just introduced to REI after I bought my primary residence  I am looking to start investing (...

It is a custodied by a federally insured bank, I wouldn't put my tenant's (or mine) in something like that either.

The Liability, Care Custody & Control, Workers Comp., etc.   

I can definitely answer any questions you have about Cozy and hopefully set your mind at ease about how we're different from eRentPayments.Cozy never takes custody of your funds during a payment transaction and our processing partner Stripe is a licensed money transmitter that moves your money on our behalf.

Your child support is based on your income and custody arrangement.

Much higher contribution limits, no custodial requirement, built in checkbook control without an LLC, built in Roth component, spousal participation, participant loan feature, exemption from UDFI tax, etc are some of the additional benefits Solo 401k participants can enjoy.