You Never Thought a 401K Could be This Good!!
- 1) Full “Checkbook Control” of your 401K…you are your own Trustee;
- 2) No Custodian Relationship…unlike an IRA;
- 3) Spouse can not only be a Co-Trustee but Rollover Funds into the Plan as well;
- 4) Ability to Rollover ALL types of IRAs (0ther than Roth), 401Ks and most other qualified plan funds into the new plan;
- 5) income limitations…definitely not true with your IRA;
- 6) Contribution (Employee Deferrals) far exceed those of an IRA: $17,000 under 50 and $22,500 over 50;
- 7) Matching: Up to 25% of your income may be an employer match;
- 8) Roth Contributions that have no regard to personal income limitations;
- 9) Loans – Yes, provided you follow all IRS rules, you can execute a loan to yourself;
- 10) No Annual Fees — PGI’s industry-setting no annual compliance/administrative fee;
- 11) IRS Prohibited Transaction Penalties — Any potential penalties within your 401k are far less threatening to your plan vs. the IRA;
- 12) Tax free transfer of assets — Definitely a possibility with your 401K.
