If you’ve been waiting for a sign the time is right to open a Solo 401k plan for your business, this is it! We have helped thousands of business owners and investors just like you to take control of your retirement accounts.
Steps to Success
Getting started is easy and our expert team is here to help every step of the way.
- Open your Solo 401k with Nabers Group
- Fund your Solo 401k
- Open a bank or brokerage account to deposit your funds
- Start investing!
We were the very first non-custodial Solo 401k provider in the industry. Many of our clients have been with us over a decade!
We also share lots of education on what we invest in since each person at our company has and uses his own Solo 401k. If you’re looking for ideas on how to use your retirement plan, we’re here to help. Additionally, we have an amazing network of real estate professionals, bankers, non-recourse lenders, etc.
That’s all optional, but many of our clients benefited greatly from our founder warning them to get out of real estate in 2006, get in to gold in 2007 and start getting into crypto in 2013.
The hidden cost of procrastination
As a new or experienced business owner, you know time = money. The longer you wait to set up your Solo 401k, the more money you are potentially wasting in missing out on important tax-deductible contributions.
Further, the longer you wait to set up your plan, the farther out you push the ability to make highly profitable investments. The sooner you get your retirement funds in your control, the sooner you can choose on how to invest your money and position yourself for profit.
Does your business need a cash infusion? The sooner you setup and fund your Solo 401k plan, the sooner you can take a participant loan! Our Solo 401k plan automatically includes everything you need for an instant line of credit of up to $50,000.
Who can qualify?
The requirements are simple and almost anyone can qualify for the Solo 401k. You’ll need:
- The presence of self-employment business activity
- The absence of full-time W2 employees
You can qualify for the Solo 401k even if your business is “pre-revenue” or still in the launch phase. Many of our Solo 401k accountholders work a “regular” 9-5 job and use their side business to qualify for the Solo 401k. Our clients do everything from drive Uber on the weekends to running 8-figure consulting firms, and everything in between.
We’re business owners ourselves, so we designed our Solo 401k to be as flexible as possible. Our Solo 401k has no minimum funding requirement and you can start putting money in whenever you’re ready.
You keep complete control of your assets and we never touch your funds. We’ll guide you through the entire process and support you for life, but you stay in control of what you invest, how much you invest, and where you invest.
Why do this instead of a Self-directed IRA?
The Solo 401k is different from the Checkbook IRA in 3 important ways:
- The Solo 401k has MUCH higher contribution limits ($55,000 per year for the Solo 401k instead of $5,500 per year for the IRA)
- No taxes on leverage: if you buy an investment property with the Solo401k, there is no UDFI/UBIT on the mortgage. With a checkbook IRA, there is a tax you pay on the mortgage for the property
- Cheaper/easier to manage: Because the Solo 401k doesn’t have a custodian (you are your OWN custodian), you can get deals done faster and cheaper because you don’t have to wait for the custodian middleman
Need to know deadlines
Your Solo 401k must be setup by December 31st to qualify for this tax year. If you set up your 401k for this tax year, you have until you file your taxes next year to make contributions.
That means just for setting up your documents in the next 60 days, you have until April 15th, September 15th or October 15th to complete your 401k contributions. Take advantage of the extra time to ensure you’re making the best decisions for your tax situation. Again, you do not need to fund the 401k by December 31st. The deadline is strictly for getting the IRS-approved paperwork from us as your document provider.
How long does it take?
You can complete a pdf form of the application, go through the application online, or over the phone with us – whichever you prefer. The application will take you about 10 minutes to complete.
Once you give the final approval your information is correct, we only need a couple hours to prepare your documents (during business hours).
You can begin your rollovers as soon as we’ve prepared your documents, and starting the rollover only takes a few minutes with our system.
We’ll also help you set up a bank or brokerage account (or both) for the Solo 401k. We’ve designed our process to be the fastest and most efficient in the industry (that’s easy for us since we’ve been doing this for over a decade 😂)
We’re here to help! Our team is standing by to see how we can help you take control of your financial future today.
We’ll answer questions about qualifying for your Solo 401k plan and will even share our thoughts on some great investments in the self-directed investing space.