Home: Message List - Solo 401K

Re: Solo 401K

calbear81 — Tue, 24 Jun 2008 13:46:08 GMT

Did you think about a SEP? Simplified Employee Pension Plan. See us at www.securefloridian.com

Re: Solo 401K

Bridge — Tue, 03 Jun 2008 22:53:46 GMT

I use Charles Schwab for my company 401K. Generally both you and your spouse can contribut to it. Be careful, there are about 6 types of small business 401Ks each with their own pluesses and minusses. Check out the Fidelity and Charles S. sites for futher detial.

Re: Solo 401K

Techie — Wed, 17 Oct 2007 02:01:25 GMT

This is great information everyone. Thank you for contributing.

Re: Solo 401K

cltsig — Tue, 16 Oct 2007 18:28:33 GMT

I have mine with Fidelity too. I'm an s-corp and I believe it can only be utilized by those with an ownership stake in the company. If you hire employees, you will need to convert to a regular (read: high overhead) 401k plan. Plus, Fidelity reps are really helpful with the setup, questions, etc.

Re: Solo 401K

GasisaRipoff — Mon, 15 Oct 2007 22:18:15 GMT

For a conservative investing group that has done well in the ups and downs of the market, I usually recommend http://www.troweprice.com/individual401k It is a low-cost option, but as with this one or any other solo 401K, if you have or are planning to add (non-spouse) employees later, then you need to look elsewhere.

They have a great analysis and tax implications breakdown and forms on the web page.

James J Moore, AIC, MBA, ChFC, ARM
http://www.cutcompcosts.com

Re: Solo 401K

Lighthouse24 — Sat, 13 Oct 2007 16:39:12 GMT

I've had mine with Fidelity and with ING. Both of them fully met my expectations in terms of services, fees, and performance. Both provide excellent on-line access and management tools. I felt that I received a little better personal attention from ING on the two occasions when I needed it (but that's a case of ING exceeding my expectations, not Fidelity falling short).

Solo 401K

Brooks — Thu, 11 Oct 2007 16:38:27 GMT

I am looking for someone / commpany that runs a "solo 401K" program.

Does anyone have a good experince or referral that they can share?

Thanks