As a self employed real estate investor, are you wondering how you are going to defer taxes on your income this year? Your IRA allows you to put in up to $6,500 per year depending on age, but that’s not much help. And it’s going to be a long slow road to build up that nest egg at that rate.
Enter the 401(k) for the self employed: A largely misunderstood and frequently overlooed retirement vehicle, the 401(k) provides huge tax benefits and investing opportunities.
You will learn:
- What a Solo (individual) 401(k) plan is, who can use one and who can’t!
- The components of the plans and contribution limits: up to $52,000 per year
- Huge contributions for full-time self-employed
- Full-time in a job and working in your real estate business at the same time – when you can use a plan
- Examples of what you can do with them and with a Self Directed IRA
Rajeev Kotyan is a principal at NUA Advisors, and specializes in non-traditional investments including real estate, notes and other vehicles utilizing self-directed IRAs. Join us as we learn to expand our investing options.