Top 7 Solo 401k Opening Tips - What to know

[@favored4life]

Would it be wise to transfer my old TSP into my business solo401k? Will I be able to trade the funds in the stock market.

[@mysolo401kfinancial3]

You certainly can transfer a former employer plan such as a TSP and then invest it however you see fit including stocks, ETFs, etc or even alternative investments such as real estate and crypto.

[@favored4life]

@@mysolo401kfinancial3 great, I have all of my documentation and just need to open the account? Does the $425 and $125 annually still apply?

[@mysolo401kfinancial3]

Yes please submit our online application: www.mysolo401k.net/solo-401k/open-a-solo-401k-account/

[@favored4life]

@@mysolo401kfinancial3 thank you but I already have the adoption paperwork and such. I just checked out the application.

[@mysolo401kfinancial3]

You can restate the plan with us to take advantage of the features of our plan highlighted in the video including 401k participant loans, Roth and Mega Backdoor Roth contributions, alternative investments such as real estate, tax reporting/compliance support, etc. As part of the restatement, our plan documents would replace the existing plan documents that you already have.