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Introduction: Saving for retirement is a crucial aspect of financial planning, and traditional retirement accounts such as 401(k) and Traditional IRA have been popular choices. However, many individuals are now exploring the option of self-directed retirement accounts to diversify their investment portfolio. In this article, we will delve into the process of converting past employment retirement funds into a self-directed IRA and a solo 401(k) to explore investment opportunities in alternate assets, particularly real estate syndications.

Understanding Self-Directed IRA and Solo 401(k): A self-directed Individual Retirement Account (IRA) and a solo 401(k) are powerful tools that allow individuals to take greater control over their retirement investments. Unlike traditional retirement accounts, these self-directed options enable investment in a broader range of assets beyond stocks, bonds, and mutual funds.

Step 1: Assess Your Eligibility Before initiating the conversion process, it's...