Would you like to take more control of your retirement investments? Now you can — by investing in a self-directed Roth 401k. If you haven't heard of a Roth 410k yet, it's because most employers don't offer them. A Roth 401k allows you to make 401k contributions with after-tax dollars, so you can receive your Roth 401k distributions tax-free. If you have your own business, even a side business, or if you have a 401k from a previous employer that you can roll over into a new 401k, then you can set up your own self-directed Roth 401k.
Why You Should Opt for a Checkbook Control Roth 401k
Mostly, it's about choices — and about the opportunity to earn a much better return on your money — more safely — than you'll ever be able to with those traditional investments. If you're restricted to traditional investments, especially in today's market, you're really putting your retirement at risk. A truly self-directed 401k, one with checkbook control, also allows you to act quickly on investment opportunities that may arise. So-called “self-directed” accounts without checkbook control just won't allow you to do this. You have to wait for someone else to cut the check — and for quite a fee. So a truly self-directed Roth 401k is cheaper too.
What You Can Invest in When You Have a Self-Directed Roth 401k
You can invest in a much wider range of asset classes with a truly self-directed Roth 401k. Not limited to stocks and bonds, you can put your money into any kind of alternative investments you like, including a certain little known (yet well-established) one that historically gets 14% annual returns. And yes, you could even invest in gold with your self-directed Roth 401k account! Plus you can borrow money from your Roth 401k, subject to certain rules, something that an IRA won't allow you to do.
How Can You Get a Checkbook Control Roth 401k?
If you have a 401k from a previous employer, you can roll it over into a self-directed roth 401k. And, of course, if you have a business — even a small one on the side — you're eligible to put money into a self-directed Roth 401k.
Get Help from a Private Wealth Management Advisor
To make the most of your opportunities and to avoid costly mistakes, be sure to get help from a private wealth management advisor. This will also give you access to that hard-to-find investment alternative that delivers 14% annual returns historically — and with bond-like safety.
Louis Pratt