What kind of account is right for you?
401k Business Financing
Used to finance your own business tax and penalty-free using retirement funds. Allows the business owner to take a salary and the use of other types of business financing such as an SBA loan.
Allows for a solo 401k loan, as well as passively investing by writing a check in alternative investments such as precious metals, tax liens, real estate, and notes. In order to open a solo 401k, the individual must be self-employed and have no full-time employees.
Investments are placed by writing a check. Common passive investments include real estate, precious metals, notes and tax liens. Unlike a solo 401k, self-employment is not required in order to open an IRA LLC. The IRA regulations do not permit the IRA owner to borrow from his or her IRA LLC.