Solo 401k Small Business : Stock Trading
With a Solo 401k small business account, the plan owner has total control over his or her retirement funds, including what to invest in. Just like traditional 401k accounts, a Solo 401k account can also invest in stocks. The difference is that with a Solo 401k small business account, the self-direct option is available. This means the plan owners can invest in stocks on almost any trading platforms of their choice, without hiring a custodian or a fund manager.
Many Solo 401k plan owners want to know how to start trading stocks with a self-directed Solo 401k with Checkbook Control. In this Solo 401k Quick Tip video, we discuss in details the steps to start trading stocks with a Solo 401k, and the costs and fees that may occur.
Trading Stocks with a Solo 401k Small Business
If you decide to trade stocks, you will need to establish a trading account in the name of your Solo 401k Trust at Fidelity, E*Trade or any other trading platform. These platforms may have some fees associated with trading. You need to learn of those fees before investing. If you have a truly self-directed Solo401k plan – there are no fees for investments in stocks or other assets. You can write a check or make a wire transfer to fund the investments.