Jim Hitt Explains Why Independent Contractors Should Consider Solo 401(k) Plans
For independent contractors, the idea of substantial retirement savings in a protected IRA or 401(k) plan might seem like it's reserved for those with employers and benefits. But as
This type of plan is much like other 401(k) plans in that it has high limits for retirement contributions, allowing independent contractors to put aside large amounts of money with the protections of a retirement account. There are some additional requirements and restrictions for the Self-Directed Solo 401(k) plan, however, to which investors will want to pay attention.
Which advantages does a Self-Directed Solo 401(k) confer on an independent contractor? In the article posted at http://www.AmericanIRA.com,
"Independent contractors sometimes feel as though they're on the outside looking in when it comes to retirement," said
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As a self-directed IRA administrator they are a neutral third party. They do not make any recommendations to any person or entity associated with investments of any type (including financial representatives, investment promoters or companies, or employees, agents or representatives associated with these firms). They are not responsible for and are not bound by any statements, representations, warranties or agreements made by any such person or entity and do not provide any recommendation on the quality profitability or reputability of any investment, individual or company. The term "they" refers to American IRA, located in
Read the full story at http://www.prweb.com/releases/2017/09/prweb14702664.htm
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