Step 1: Open your Solo 401k with Nabers Group
Our Solo 401k platform is a dream come true for the modern Self-Directed Investor. Our platform is the only one in the world of its kind that combines the strengths of both 401k and IRA accounts and solves the weaknesses. Your Investments can be self-directed and there is no need to hire, pay, and wait for a custodian to hold your assets. You get “Checkbook Access” built-in, without the need to register any LLCs. Your Solo 401k is exempt from taxation on debt leveraged real estate investments. You will never have a third party deny you from investing in a legally compliant investment (which happens with custodians). There are no transaction fees or asset fees, ever.
Your Solo 401k can include additional Unlimited® sub-accounts for your spouse as well—Tax deferred and Roth. You can borrow up to $50,000 from your Solo 401k funds tax-free for any reason. Your spouse, if named as a participant, can also have unlimited rollovers received that can be self-directed into alternative investments. Every Solo 401k includes a Roth 401(k) subaccount for you and one for your spouse, even if you make too much money to be allowed to contribute to a Roth IRA.
Step 2: Fund your Solo 401k
There are a number of ways to quickly and easily fund your Solo 401k. You can roll over funds from existing SDIRA, Solo 401k, traditional IRA, 401k, 403b, TSP (Thrift Savings Plan), Defined Benefit plan or 457b (and more).
A complete transfer paper packet is provided for you when you open your Solo 401k account with us. We’ll also provide clear instructions for your current custodian, so your rollover is done swiftly and compliantly.
You can also fund your plan with new tax-deductible contributions. If you have active self employment income, this is the quickest and easiest way to fund your Solo 401k. After-tax Roth contributions are available for your Solo 401k Roth sub-account. Within certain limitations, you can designate how much of your money you want to be designated as “Roth” and how much you want to be tax-deferred the traditional way.
Step 3: Open a Depository Account for Your 401k Funds
As the leader in Self-Directed Investing, we have preferred bankers ready to assist you and provide white-glove service in opening your bank account effortlessly and compliantly. You can also open a checking account in the name of your Solo 401k Trust at your favorite bank or brokerage firm. Your Solo 401k bank account is there to provide you complete checkbook control for investing with your Solo 401k.
Step 4: Start Investing
Purchasing assets and investments inside your Solo 401k is where the fun begins and where your profits can compound into even more substantial wealth building. As a valued Solo 401k accountholder, you’ll receive access to our dealmaker resources to invest in real estate, precious metals, loans, tax liens and more. Of course, when you set up your Solo 401k account with us, there are no transaction fees and no asset fees, ever. Nothing stands in your way of making investments that are smart, legal, and lucrative.