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Solo 401k
January 27, 2023
TD Ameritrade Solo 401k Review

TD Ameritrade also offers a free solo 401k plan. There are no set up fees, or any annual maintenance fees to hold your account, and all regular trades within the solo 401k are $0 per stock, ETF, and option trade. The solo 401k offered by TD Ameritrade comes with a pre-tax account, but no Roth […]

Solo 401k
January 27, 2023
Charles Schwab Solo 401k Review

The Charles Schwab Solo 401k Plan is another free prototype solo 401k plan that offers free account set ups, free trades, and no maintenance fees. Being free does have its trade offs. You don’t get a Roth option, no ability to do a mega backdoor Roth, no access to alternative investments, and you still have […]

Solo 401k
January 27, 2023
Fidelity Solo 401k Review

The Fidelity Solo 401k Plan is a free solo 401k plan with no account opening and closing costs, no annual fees, and $0 commission for online US stock, ETF, and options trades. They provide a pre-tax solo 401k account, without a Roth option, and the ability to invest in a wide range of traditional assets. […]

Solo 401k
January 27, 2023
Vanguard Solo 401k Review

The Vanguard Individual 401(k) is a prototype solo 401k plan that comes with no set up fees, and you only pay for fund expenses. It offers limited investment options, but you can contribute both to traditional and Roth accounts, and if you have a balance of over $50,000 in your account, the fund fees are […]

Solo 401k
January 13, 2023
What Is A Solo 401k?

The highest contribution limits, ability to invest in any asset class with tax-free compounding, and a supersized Roth account.

solo 401k rmd
Solo 401k
January 13, 2023
Solo 401k Required Minimum Distributions (RMD Table For 2023)

Updated on January 13, 2023: OVERVIEW Most people will start to withdraw from their account when they reach the eligible withdrawal age of 59½. But some people may not immediately need to take out any money and instead prefer to leave the money in their solo 401k for as long as they can. Unfortunately, the […]

solo 401k withdrawal rules
Solo 401k
January 13, 2023
Solo 401k Withdrawal Rules & Penalties Explained (2023 Update)

Updated on January 13, 2023: OVERVIEW The solo 401k has strict rules around withdrawals and the penalties could be steep if you break them.  The good news is that the withdrawal guidelines are fairly straightforward and easy to stay in compliance with. And in emergency situations, there are certain exceptions where you could withdraw early with no […]

Solo 401k
January 13, 2023
Solo 401k Contribution Limits & Deadlines (2022 & 2023)

2022 Limits & Deadlines 2023 Limits & Deadlines With a solo 401k, you contribute to your plan as both the employer and the employee. Contribution limits and deadlines are different for both sides, and can vary even further depending on your business entity. If you’re considering opening an account and making contributions, here’s a full breakdown of how […]

401k +1 Solo 401k
January 05, 2023
Can I Have Both a Solo 401k and a Regular 401k?

One of the most common questions around solo 401k eligibility is: Can I contribute to a solo 401k if I also receive a 401k plan at my day job? As long as you meet the eligibility requirements of a solo 401k, you’re allowed to contribute to both plans if you receive a 401k at your […]

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