iPlan Group SDIRA Retirement

On the Go? A Quick FAQ For Savvy Investors with Busy Lives

Q: What is a self-directed IRA?

A self-directed IRA is an individual retirement account that allows account holders a wider choice of investments, including but not limited to, traditional options such as stocks, bonds and mutual funds. Many SDIRAs include real estate. SDIRAs must be opened at financial institutions with trust powers and are administered by a third party.

Q: What is a Solo 401(k)?

A solo 401(k) plan is available for contractors, freelancers and other self-employed individuals who are the only full-time, non-owner employee of their eligible business or organization (not counting a spouse employee). Since 401(k) contributions do not count toward the limit on plan contributions that can be deducted, about 25 percent of compensation, a solo 401(k) plan enables some individuals to contribute and deduct more than the limit that applies on a regular profit-sharing or IRA plan.

Q: What are the risks of self-directed investing?

As with any investment, there are risks in self-directed investing. Make sure you understand the investments in which you place your money and choose an administrator with whom you feel comfortable, and the benefits far outweigh any potential risks.

Q: What are the benefits of self-directed investing?

YOU are in control of your investments, and you have the option to choose to place your money in things you understand.

Q: How big is the self-directed market?

The self-directed investing market is a $4.2 trillion industry. It is projected to grow $200 billion or more yearly, mostly from pension plan rollovers as baby boomers retire.

Q: How do I set up a self-directed account?

That’s where we come in! We’ll set you up with all the information you need to make informed decisions about your options after a lengthy conversation about your retirement goals. Contact us at 1-855-60-iPLAN (1-855-604-7526).