Self Directed IRA Lawyers


You worked hard for your retirement funds – Don’t trust anyone other than a tax attorney to establish your solo 401(k) Plan

A Solo 401K Plan offers a self employed business owner the ability to use his or her retirement funds to make almost any type of investment, including real estate, tax liens, private businesses, precious metals, and foreign currency on their own without requiring custodian consent tax-free! In addition, a Solo 401K Plan will allow you to make high contribution limits (up to $61,000) as well as borrow up to $50,000 for any purpose.

A Solo 401(k) is perfect for sole proprietors, small businesses and independent contractors such as consultants. A Solo 401K plan offers the same advantages as a Self Directed IRA LLC, but without having to hire a custodian or create an LLC.

The Internal Revenue Code does not describe what an IRA can invest in, only what it cannot invest in. Internal Revenue Code Sections 408 & 4975 prohibits Disqualified Persons from engaging in certain type of transactions.

The prohibited transaction rules are extremely broad and the penalties can be extremely harsh which is why it so crucial that one works with a tax attorney to establish an IRS compliant solo 401(k) plan. The solo 401(k) plan opens a number of investment doors, but it is important that investors are well guided and informed of the IRS rules in order to take full advantage. The most common pitfall among self-directed retirement investors is engaging in a transaction that turns out to be prohibited a result of improper advice. This increasingly common pitfall is largely the result of investors hiring marketing or sales facilitation companies to establish their solo 401(k) plan. It is important to remember that the rules governing the solo 401(k) plan is based off tax laws and rules that are best understood by tax attorneys.

Our tax attorneys have worked at some of the largest law firms in the United States, including White & Case LLP and Dewey & LeBoeuf LLP. Work directly with our tax attorneys to set-up an IRS compliant solo 401(k) plan. You will have direct access to our tax attorneys to ensure that your solo 401(k) plan is customized to satisfy your retirement, tax, and investment objectives.

Our tax attorneys will take care of the entire set-up of your IRS compliant solo 401(k) plan. Don’t trust a marketing company or salesperson to establish your solo 401(k) Plan – work directly with a tax attorney who can provide you legal and tax advice on the establishment of an IRS compliant solo 401(k) plan.

The hiring of a lawyer is an important decision that should not be based solely upon advertisements. Before you decide to hire an attorney ask for free written information about our qualifications and experience.