Can mysolo401k can act as a custodian for an investment in non-US agricultural land on behalf of a 401k account?

QUESTION: Could you please let me know, whether mysolo401k can act as a custodian for an investment in non-US agricultural land on behalf of a 401k account? If not, do you know of a firm that would? Thanks!
ANSWER:  Mysolo401k will act as the solo 401k provider. The self-employed business owner will act as the trustee and participant and thus can invest in agricultural land (U.S and abroad—provide the country is not on a Watch List pursuant to the Patriot Act).

Click here to learn why the solo 401k business owner can act in a trustee capacity and thus can hold the documents in connection with investments in agricultural land, whether foreign or domestic, in addition to other managed alternative investments such as real estate, private equity funds as well as land contracts.

Jason G
Partner of an Asset Management Firm in Illinois

 

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Each day I speak with energetic entrepreneurs looking to take the plunge into a new venture and small business owners eager to take control of their retirement savings. I am passionate about helping others find their financial independence. Having worked for over 20 years with some of the top retirement account custodian and insurance companies I have a deep and extensive knowledge of the complexities of self-directed 401ks and IRAs as well as retirement plan regulations. Learn more about Mark Nolan and My Solo 401k Financial >>

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