Advantages Gained when you open Solo 401k or Individual 401k with Checkbook Control

When you open Solo 401k with checkbook control (commonly referred to as self-directed Solo 401k or Individual 401k), here is the outcome:

Variety of Investment Types

Solo 401k checkbook control affords option to invest in alternative investment such as real estate (e.g., rentals, commercial real estate, etc.), notes (secured or unsecured), precious metals (gold—coins or bars, silver, etc.), private stock, tax liens, currency trading, and much more including equities.

Serve as Trustee when you open Solo 401k

Solo 401k plan names you trustee, thereby allowing you to make all investment decisions as well as custody the alternative investments.

Checkbook control at local bank or through brokerage account

As trustee of your Solo 401k, you have checkbook control when you open solo 401k so that you, as trustee of solo 401k, can make alternative investment purchases for solo 401k by writing a check. Checkbook control can be accomplished through your local bank or brokerage account at TD Ameritrade, Fidelity or Schwab, but only if you use a Solo 401k providers plan documents that specifically allow for alternative investments. Contact as our documents allow for alternative investments, and we have the necessary forms for establishing a brokerage account with checkbook control.

Participant Loan (borrow from Solo 401k)

You have option to borrow through a participant Solo 401k loan up to 50% of your Solo 401k value not to exceed $50,000. The loan term is 5 years if funds will be used for any purpose, and 10 or 15 years if used for purchase of primary residence.

About Mark Nolan

Each day I speak with energetic entrepreneurs looking to take the plunge into a new venture and small business owners eager to take control of their retirement savings. I am passionate about helping others find their financial independence. Having worked for over 20 years with some of the top retirement account custodian and insurance companies I have a deep and extensive knowledge of the complexities of self-directed 401ks and IRAs as well as retirement plan regulations. Learn more about Mark Nolan and My Solo 401k Financial >>


  • About MySolo401k

    We help our clients take control of their retirement money. Our products and services provide our clients the freedom to invest their retirement savings in their own business as well as alternative investments such as real estate, private companies, promissory notes, precious metals, tax liens and equities.
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