Ameritrade Solo 401k

TD Ameritrade Solo 401k Brokerage Account from My Solo 401k Financial

A TD Ameritrade Solo 401k brokerage account with checkbook control from My Solo 401k Financial is ideal for those looking to still have option to invest in equities while also gaining checkbook control over their retirement funds.

TD Ameritrade Solo 401k with checkbook control allows for the following

Checkbook

Fund Solo 401k alternative investment purchases, e.g., real estate, precious metals, tax liens, promissory notes, private placements, etc. by writing checks from the Solo 401k Ameritrade brokerage account.

Solo 401k Loan

After we prepare Solo 401k loan documents, process Solo 401k loan directly from the Solo 401k plan Ameritrade brokerage account.

Brokerage

Continue to trade equities and grow your retirement funds tax-deferred, deposit investment gains from your Solo 401k’s alternative investment holdings (e.g., rent check proceeds from real estate) directly into your Solo 401k Ameritrade brokerage account, and make your annual Solo 401k contributions directly into the brokerage account.

How it works

TD Ameritrade is simply providing brokerage account for your Solo 401k, and My Solo 401k Financial is your Solo 401k provider. In other words, even though Ameritrade also offers Solo 401k, their Solo 401k plan document restrict you to only investing in stocks and mutual funds; however, by using our Solo 401k document, which allows you to serve as trustee of the Solo 401k and invest in alternative investments such as real estate, precious metals, tax liens, promissory notes, private stock, etc., as well as process Solo 401k Loan, Ameritrade is not involved in the administration of the Solo 401k.

Documents for Opening TD Ameritrade Solo 401k Brokerage Account

To open Ameritrade Solo 401k with checkbook control, you will need to submit My Solo 401k Financial Solo 401k plan documents, which we prepare in 24 hours, along with Ameritrade’s special brokerage account forms and checkbook paperwork.

Transfer IRA QUESTION:

I currently have some idle cash (along with some stocks/mutual funds) in a regular IRA with TDAmeritrade, I assume I can roll/transfer the cash part only into a solo 401K?  And without incurring a tax penalty or obligation of any sorts?  I have had the IRA account for a number of years, and have not contributed this year.

ANSWER:

Correct that you can transfer all or part of the IRA to a self-directed solo 401k provided by our company. You can even process an in-kind transfer of the equities held in the IRA to the solo 401k. We can also assist you in setting up the brokerage account with checkbook control at TD Ameritrade for the solo 4o1k that we offer. We would fill out all of the required TD Ameritrade brokerage forms as well as the IRA transfer form. The transfer form would include instructions asking TD to transfer the IRA internally and in-kind to the new solo 4o1k brokerage account. The movement of the TD Ameritrade IRA to the solo 401k brokerage account would be deemed a “direct rollover” so not taxes would apply.

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