Solo 401k Retirement Creation for CEO

QUESTION:

I am the co-founder and CEO of a company.  I am on payroll as an employee, and we don’t yet have a retirement vehicle setup for our employees (we hope to by mid-2018).
My questions has to do with my personal situation.  Do you offer a retirement vehicle, other than my personal Roth IRA, that I can leverage as a separate retirement account?  I’ve looked at SEPs and SIMPLE Roth accounts and Solo 401K but I don’t believe any of those would apply to my situation.

ANSWER:

In short – there are no other options as there is no way around offering the plan to your employees.
However, if your looking to self-directed your retirement funds, you can  explore investing your retirement funds in alternative investments such as real estate, promissory notes even bitcoin via an IRA LLC as this can be done without any impact to your employees.

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About Mark Nolan

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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