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Questions and Answers

Can the Solo 401k be ROTH?

Yes! ROTH is a special tax treatment that allows you to not only grow your money tax free, but make retirement distributions tax free as well.

You can have traditional and Roth funds all in one Solo 401k, and your spouse can too. This means it's like 4 retirement accounts in one.

Can the Solo 401k buy real estate?

Yes! And it's better than a self directed IRA because your Solo 401k is exempt from taxes on leveraged real estate profits.

Can I move funds into a new Solo 401k from an IRA or other 401(k)/457/403(b) retirement account?

Yes! Ever since the Pension Protection Act was passed in 2006, you have the ability to do a tax free transfer, or "rollover," of retirement funds from one retirement account to another.

Do I have to own a business?

You must meet 2 requirements to open a Solo 401k:
 
  1. Entrepreneurship - This can be working as a freelancer, independent contractor, or business owner. This can be in the form of a sole proprietor or a formal corporation or LLC. Your entrepreneurship can be brand new, part time, or full time.
  2. No full time employees - If you pay yourself a W2 paycheck that's fine, but no outside W2 employees who work 1000+ hours a year.

Can my spouse participate in my Solo 401k too?

Yes, it is possible for your spouse to participate in your Solo 401k, without having to create another Solo 401k plan. He/she will be able to rollover and contribute funds alongside you.

This also means you and your spouse can combine your retirement funds for investments, which is illegal in IRAs.

Do I need a custodian?

No. With a Solo 401k, you can be your own custodian.

Do I need an LLC to get “checkbook control”?

No. Because you don't need a custodian, you also don't need to create a "checkbook control" LLC. Your "checkbook control" feature is built in to your Solo 401k.
 
This saves you fees, delays, and the potential of getting into compliance trouble as most self directed IRA fraud happens in custodian accounts.
  • How to Qualify

  • Solo 401k Setup

  • Fund Your Solo 401k

  • Reporting Requirements

  • Prohibited Transactions

  • Investments

Finally, The Easiest Setup Process At The Lowest Price

How is this possible? We've been in business longer than all other providers. That means we recovered our startup costs before they even started. That gives us the freedom to give you a better price on the most robust Solo 401k in the world.

We've had the first and easiest to use Solo 401k since 2006.

  • Words can’t describe my appreciation for the trail blazing work done by the Nabers Group team and dedication to your program.
    Real Estate Investor
  • I wanted to send a Big, HUGE THANK YOU! I set up my account in 2009... Working with you is like having an extended family. I can now call the Nabers Group team great friends.
    Small-business owner

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