Self-Directed Solo 401(k)s: Here's What to Know | Alternative Investing | Equity Trust

[@worldtravelerusa5066]

Probably the best I've watched so far. Thank you!

[@equitytrustcompany]

Great to hear! We're happy you found it helpful. If you'd like to learn more, download our free guide: try.trustetc.com/self-directed-solo-401k/

[@rolandlamore5439]

John I've watched many videos and you explain by far better then all others and I thank you for that sir

[@TheOne-vf2yw]

Question: Let's say I make 20K in my self employment business. I make over 6 figures from a full time w-2 job. How do I handle quarterly taxes for that 20k throughout the year if I want to defer all of it to a solo 401k? Do I need to make the payments or is there something to submit and say you are deferring that income that was generated during a specific quarter? Thanks

[@cathys9525]

Hi, I'm the owner and only member of my small business LLC, I paid by 1099-NEC, not W-2. The CPA said SOLO 401K only works for W-2 not 1099-NEC, is that true? Thank you!

[@trevoraugustus2249]

Can you rollover or transfer solo-k from Vanguard into a self-directed solo-k at Equity Trust?

[@adibak8735]

yes

[@owenkellogg3130]

Can you day trade within a Self Directed Solo 401k if you have at least $25k? I really like buying in and out of volatile stocks in my Roth IRA.

[@brianc9036]

I am more of a swing trader. But my Solo 401k through Fidelity has essentially functioned like my Roth IRA through them. I have been able to buy and sell whatever I want through the parameters of Fidelity.

[@owenkellogg3130]

@@brianc9036 Awesome, thanks for the help!

[@j10001]

You can trade fairly short term, but cannot use margin in an IRA account. So this means you have to wait for one trade to clear before making another one.

[@michaelp1365]

So if I make $50000 and put $25000 total into my solo 401k, do I put only $25000 on my w2 and $25000 on my 941s? I am 57 years old, so I would save 12.4% and 2.9% for SSI or $3825, this sounds too good to be true! Please answer all of these questions, I would greatly appreciate it.

[@michaelp1365]

I have an S corp, but it is just me now

[@trevoraugustus2249]

🔥

[@JLW667]

👏🏿👏🏿👏🏿