Popular Articles
Can I have a self-directed IRA if I participate in a retirement plan at work?
Yes, and this very common. Participating in a 401(k), 403(b), pension, or any other workplace retirement plan has no effect on your ability to open or maintain a self-directed IRA. A common path to self-direction Many people use their workplace plan ...
How do I open a bank account for my Solo 401(k)?
Open a trust or commercial account using the plan trust's EIN, provide your Trust Agreement or Certificate of Trust, and sign as trustee. The account belongs to the plan trust, not you personally. What type of account do I need? You need a trust ...
What is the role of the LLC registered agent?
The registered agent is the person or business with a physical address in your LLC's state of registration who receives legal notices and official state correspondence on behalf of the LLC. Every LLC must have one. What does a registered agent do? ...
Can I move a stock market Solo 401(k) to self-directed?
An existing Solo 401(k) held at a brokerage firm can be converted to a self-directed plan. The plan itself does not change, but the plan document and administrative structure do. To make a conventional Solo 401(k) self-directed, the brokerage's ...
Can my spouse participate in my Solo 401(k)?
Yes, a spouse who is compensated by your business is eligible to participate in your Solo 401(k) as a plan member. A participating spouse does not disqualify the plan. In fact, including a spouse can meaningfully expand the plan's contribution ...