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Self-Directed 401k Plans

Article ID: 295
Last updated: 25 Nov, 2018
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By Jason Watson ()
Posted November 23, 2018

There are 401k plans that allow you to invest into non-traditional investments such as real estate or buying a business. It is beyond the scope of this chapter, and frankly it can be a very bad idea although it sounds hip at your next cocktail party.

A self-directed IRA is easier to setup and maintain, while a self-directed 401k plan is much more challenging. While these two self-directed vehicles, they share similar problems and gotchyas. Here is a recent post on the pitfalls of self-directed IRAs and 401k plans-

www.wcgurl.com/6133

If you want more information, we have worked with Equity Trust and New Direction IRA who can create and help maintain these accounts and plans.

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