A self-directed 401(k) is a private pension plan sponsored by your business. Hence this account type is also known as a self-employed 401(k). It is a qualified retirement plan approved by the IRS. It follows the same rules and requirements as any other 401(k) plan. These rules were initially established in 1981. In 2001 the EGTRRA law was passed. This is commonly referred to as one of the two “Bush Tax Cuts.” This act made significant changes to the IRS code lowering taxes for qualified plans such as a personal 401(k) plan.
Learn more about self-directed 401(K) over here [ Ссылка ]
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