Today we will be going over the basics of a self-directed 401k, which we call a one.k. Contact our professionals for more information or for help setting up a self-directed 401k.
What is Self Direction?
Most traditional 401ks are limited to investing in traditional investments such as a mutual fund. There are many other viable investment options that are not available through these traditional means.
What is a one.K?
It is a self-directed 401k plan for your company. This enables you to self direct investments on behalf of your 401k.
Investment Choices for a One.k
There are many different types of investment choices that can be made through a one.k. Some of the options available are: private LLCs, or corporations, private lending, real estate and precious metals.
There are times real estate investment opportunities present themselves, yet your main source of capital is locked up in a traditional retirement account. Creating a one.k eables you to take control and capitolize on real estate investment opportunities. This goes for the other types of investments as well.
How It Works?
1- We consult to determine what your objectives are.
2- We create an LLC or C-Corp for you.
3- We create and setup the 401k plan for the company
4- You rollover your IRA or 401k into the new plan
5- You establish banking and investment accounts
6- You direct the investments as the plans’ Trustee
Setting up a one.k should be an enjoyable experience. At Accuplan Benefits Services we offer: low custodial fees, flat annual fees, online account access, 24-48 hour processing times and expertly trained customer support.
To learn more about one.k plans contact us at Call 1-800-454-2649
Author: Nick Barker.