You might have heard the phrase self directed 401k plans and you wonder exactly what it means. You probably already know what a 401k plan is since they are a popular type of retirement account that many large companies offer their employees. If you’ve ever worked for one of those companies, you probably contributed to a 401k plan. However, a self-directed 401k plan is slightly different than the traditional 401k plan that you are familiar with. The rules that govern a self-directed 401k plan are exactly the same as those that apply to any other 401k plan. You have the same contribution limits and the same withdrawal requirements. You … [Read more...]