I help my clients make money, keep it, and multiply it. I believe this is the only way to create wealth. The problem lies in the fact that most people struggle keeping their money. They don’t know where to put it, they steal it from themselves and spend it on liabilities once they’ve got more than a few thousand dollars, and they do not know how to save outside of their retirement plans at work. That’s why I help my clients create self-directed solo 401k accounts to solve these problems.
What is a self directed Solo 401k? It is basically a trust. A 401k is simply a tax code regarding the deferral of compensation for retirement. That’s all. This particular account is for solo-preneurs only Now the benefit of the self directed solo 401k is that when structured properly, an individual can contribute up to $120,000 into the account per year, have the money grow completely tax free, use it for real estate investing & private lending, and even be able to borrow the money from the account whenever you desire. A SDSK as we will refer to it for now, has many benefits to the investor.
Rollovers. Let’s say you made the mistake of contributing to an old 401k or IRA and now you have money locked up with Wall Street for the next 40 years of your life. What do you do? Well, in most cases you can roll that account into a SDSK. The benefits of this are that you will save hundreds of thousands of dollars in fees over the next several decades, you can now invest in real estate and private lending, and you have checkbook access to your account. This process will probably take about a month to complete and after that, you’ll be in full control of your retirement account and ready to invest in real, cash flowing assets.
Contributions. You can contribute up to $18,500 per year in “employee” contributions (your W2 income you pay yourself). You can also do this for your spouse as a contribution as well. In addition to that, the business may share 25% of it’s profit up to a total maximum contribution of $55,000 per each account. That means you can contribute up to $110,000 to a SDSK plan between a husband and wife and up to $55,000 per one person. These contributions should be Roth contributions. Why? Because, it makes all growth tax free. If you die, your family will now inherit the account value as a Roth 401k as well and can continue to grow this account tax free.
Loans. You can borrow 50% of your total account balance up to a maximum loan of $50,000 at any time for any reason. You may also structure your own interest rate on a 5 year amortization schedule that you will pay back to yourself. Here’s an example: You have a total account balance of $100,000. You borrow $50,000 from yourself on a 5 year amortization schedule at a 6% interest rate. You use that $50,000 for a private lending deal that pays you 10%. You use the 10% to pay your soloK back, however the cash flow doesn’t quite make the full payment? Problem right? Nope not with the SDSK! You will have to supplement with your income to make the full loan payment back to yourself, which basically allows for you to funnel even more of your income back into the SDSK via loan repayment. This means even more of you account is going to generate wealth tax free!
The Self Directed Solo 401k is an almost unheard of financial tool. I use these accounts to help my clients shelter their assets from Wall Street and from the IRS. It is a way for you to truly KEEP your money! This account is part of the value I will provide to you as your Wealth Coach. If you’d like to create a strategy like this for your wealth, click here and request a call from my team and I.
Own Your Potential,
Jerry Fetta
Jerry Fetta helps his clients make money, keep it, and multiply it.
He believes everyone should own their potential. He believes you were not created to spend 40+ hours per week serving the 40-year-to-life sentence trading your precious time for money just to live in mediocrity.
However, the truth is that time and money must be exchanged. It just doesn’t need to be you making the exchange.
Jerry helps his clients create wealth that exchanges time and money on their behalf.
His clients see a 30% increase in income, a guaranteed increase in savings rate, and 8-12% fixed annual returns on their assets in the 1st 90 days of working with him.
To get started, go to www.WealthDynamX.com/potential
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