At Safeguard Advisors, we offer a handful of specialized plan formats designed to suit your specific situation and investment goals. As part of our initial conversation, we’ll help you understand which option will work best for you today and for the long term.
A Checkbook IRA is designed to allow for true diversification and total control of your retirement savings.
Most all types of existing retirement plans can be rolled over into a Checkbook IRA, including current IRA plans, employer plans such as 401(k), 403(b) 457 and pensions, Roth IRAs and even inherited IRA accounts.
As an investment vehicle, the Solo 401(k) is very similar to the Checkbook IRA.
For certain leveraged investments such as debt-financed real estate, the Solo 401(k) has the advantage of being exempted from tax on Unrelated Debt-Financed Income which can apply to IRA based plans.
To qualify for a Solo 401(k), you must be self-employed and have no full time employees.
Many types of existing retirement plans can be rolled over into a Solo 401(k). Roth IRA and inherited IRA plans are ineligible for rollover.
Business Funding IRA
This unique structure often referred to as a Rollover as Business Startup allows for the use of existing retirement plan funds to capitalize an active business venture in which you are directly involved – without taxes or penalties.
Rather than invest passively, you can be actively engaged in running a business, earning income today, and building wealth with continued retirement savings.
If you are ready to invest in yourself and follow your dream, you owe it to yourself to evaluate the benefits of self-funding your enterprise with a Business Funding IRA.
Many types of existing retirement plans can be rolled over into a Business Funding IRA. Roth IRA and inherited IRA plans are ineligible for rollover.
The chart below is a high level overview that should only serve as a guide. Contact an Advisor for more detail and to verify that any assumptions you make are valid prior to actually choosing a plan.
|Tax-sheltered passive investments||☑️||☑️|
|Limited Liability Protection||☑️||☑️|
|Checkbook access of funds||☑️||☑️||☑️|
|Unlimited Investment choices||☑️||☑️||☑️|
|Designed for total control||☑️||☑️||☑️|
|Designed for self-employment||☑️||☑️|
|Self Administration (no custodian)||☑️||☑️|
|Personal loan provision||☑️||☑️|
|Designed to run a small business||☑️|
|Use funds for any business purpose||☑️|
|Can receive salary and benefits||☑️|