Why You Should Have a Self-Directed 401k with eQRP
This call was recorded on November 5, 2024
Set up Your Self-Directed 401k Before the End of the Year!
Don't let your retirement funds sit idle in “money jail.”
With a self-directed 401k, you can finally take control of your investments, putting your money to work in ways that align with your financial goals. Imagine investing in real estate, gold, crypto, or other alternative assets—all tax-advantaged and within your retirement account!
eQRP empowers you to unlock your retirement funds and explore opportunities beyond the stock market, helping you build wealth on your terms.
Set up your self-directed 401k with eQRP now to start 2025 with more control over your financial future.
YES, I'M IN!Questions From The Call:
Q: What makes EQRP different from other self-directed 401k providers?
A: EQRP offers a unique "checkbook control" model, giving you full control over investment choices while also providing comprehensive support to handle IRS compliance, filings, and plan administration. This support goes beyond what many other providers offer, and EQRP also provides dedicated account managers for personalized guidance.
Q: Why is a Wyoming LLC set up with an EQRP account?
A: The Wyoming LLC adds a layer of anonymity and asset protection. It keeps your retirement investments safeguarded from creditors or legal judgments, while allowing you to invest in assets outside of the traditional stock market.
Q: Can I open a self-directed 401k with EQRP if I’m not self-employed?
A: You need to have some form of self-employed income (like 1099 work, side gigs, or affiliate marketing) to qualify. EQRP can help guide you on ways to meet the IRS requirement without needing a formal business.
Q: Can I roll over a 401k from my current employer?
A: Most employer plans don’t allow “in-service rollovers,” meaning you can’t move funds while still employed. However, about 5% of plans do. You can check your plan’s SPD (Summary Plan Description) or contact HR to find out.
Q: How do fees work with EQRP?
A: The setup fee is about $4,495, and there’s an annual maintenance fee of around $895. These fees are fixed, and you can pay them either from your retirement account or out of pocket.
Q: Can EQRP cover both traditional and Roth accounts?
A: Yes, EQRP allows you to manage both pre-tax and Roth accounts within a single plan, making it easy to perform in-plan Roth conversions and adding flexibility to your retirement contributions.
Q: How does EQRP handle documentation for tax purposes?
A: EQRP prepares and submits necessary documents to the IRS, like Form 5500 and any required paperwork for Roth conversions. This reduces the burden on you and ensures compliance with IRS regulations.
Q: How would I invest in a syndication using an EQRP account?
A: You can initiate a wire transfer directly from your EQRP account to the investment provider, similar to how you would transfer funds from a standard bank account.
