Filing the Form 5500-EZ for your solo 401k plan is super easy but you have to remember to file it. I use these the plan characteristics codes.
Fidelity Freedom Index Funds offer deposit-and-forget convenience with low cost, broad diversification, and automatic rebalancing.
A solo 401k is still a 401k. Know all the rules and keep it as simple as possible.
Schwab has two sets of target date funds. Look for the word Index in the name.
A step-by-step tutorial for how to do a backdoor Roth IRA, including links to articles on how to report it on the tax return.
Executing a mega backdoor Roth in a solo 401k require these steps: elect contribution, make contribution, make distribution, issue 1099-R.
Different solo 401k providers serve different roles for the plan. Be sure to understand the scope of services when you choose a provider.
You can add after-tax contributions and in-service distribution to your solo 401k if you get your own plan document. It costs less than you think.
New Vanguard solo 401k document suggests that it accepts incoming rollovers from IRAs but customer service reps still say they don’t accept. Has Vanguard been illegally refusing rollovers?
Don’t worry if you receive a CP 214 notice from the IRS. It’s just a reminder.
The best retirement plan for self-employed persons with no other employees is the solo 401k plan. See the easiest way to set up one.
Solo 401k was made possible when employee’s contributions didn’t have to be counted in the maximum tax deduction by the employer.