Challenge: No Funds

The Strategy: Solo 401(k)

A Solo 401(k) allows the individual to leverage their retirement account enabling them to capitalize on real estate investment opportunities and education programs, tax and penalty-free.

GoVesty’s role:

GoVesty facilitates the formation of your self-directed retirement account. We have many years of industry knowledge in the self-directed space and do all the heavy-lifting required to get your account up and running, so that you can focus more on your goals.

Why a Solo 401(k)?

  1. Loan Feature- A loan up to 50k or 50% of their account balance can be used for no cost and is a tax free loan. This loan can be used for business growth or to pay off education package expenses . (To use loan feature must have at least one investment in their account)

  2. Higher Contribution Limits- Instead of the typical 6k-7k contributions they can contribute $57k-62k into their account to help them do more investments through their retirement account.

  3. Alternative Investment options- The Solo 401 (k) allows you to invest in traditional and alternatives such as real estate, trust deeds, crypto currency, etc.

  4. Stronger Protection- Since the Solo 401 (k) is attached to an LLC, it creates a barrier between the retirement account and the individual.