Does Schwab Allow 401k Loans? Watch: Why Schwab’s basic plan blocks 401k participant loans — and how solopreneurs unlock them while keeping their accounts at Schwab Quick Answer: No. Schwab’s own basic Solo 401k plan document does not allow 401k participant loans. Like virtually every discount brokerage, Schwab has made the business decision not to […]
Solo 401k Withdrawal Hack: How to Avoid the Mandatory 20% Withholding Watch: How to legally sidestep the mandatory 20% federal withholding on a Solo 401k distribution If you’ve ever needed a lump sum of cash from your Solo 401k — for a business opportunity, an emergency, or anything else — you’ve probably run into an […]
BREAKING: Edward Jones Exits Solo 401k Plans — What Owner K Clients Must Do Before IRS Deadline Watch: Full breakdown of the Edward Jones Owner K exit letter, key deadlines, your options, and cost & feature comparison In an official client notification letter dated June 29, 2026, Edward Jones announced it is exiting the Solo […]
Every Way to Fund a Roth Solo 401k in 2026 (And the One Way You Can’t) The Roth Solo 401k is consistently one of the most requested topics among new Solo 401k account holders. A plan gets established — often with accounts at Schwab or Fidelity — and immediately the principal question emerges: How do […]
Married Solopreneurs: How to Save $144K into Mega Backdoor Roth for 2026 Watch: How a married couple can save $144,000 into a Mega Backdoor Roth for 2026 using a Solo 401k If both spouses work in the same owner-only business, 2026 opens the door to one of the most powerful Roth savings strategies available to […]
Does Fidelity Allow 401k Loans? Watch: How solopreneurs unlock Solo 401k participant loans by restating their Fidelity plan documents Short answer: Fidelity’s basic Solo 401k plan does not allow 401k participant loans. But that doesn’t mean you’re stuck. If you already hold a basic Fidelity Solo 401k — or you’re comparing your options before opening […]
2026 Solo 401k Contribution Limits by Age Watch: My Solo 401k Financial breaks down the 2026 Solo 401k contribution limits by age If you are a high-income business owner or solopreneur, the Solo 401k offers the highest contribution limits of any defined contribution plan available to the self-employed. The reason is simple: in the words […]
Can a Self-Employed 401k be Rolled into an IRA? Watch: A compliance and transaction guide to rolling your Solo 401k into an IRA One of the most common questions self-employed savers ask is whether a Solo 401k (also called a self-employed 401k, owner-only 401k, or one-participant 401k) can be rolled into an IRA. The short […]
Can I Use a Basic Fidelity or Charles Schwab Solo 401k For a Mega Backdoor Roth? Watch: Why basic brokerage Solo 401k plans block the Mega Backdoor Roth — and how to fix it It’s one of the most common questions we hear: I already have a Solo 401k at Fidelity or Charles Schwab — […]
Withdrawal Rules Explained: Should I Transfer Mega Backdoor Funds to Roth Solo 401k or Roth IRA? If you’re a self-employed individual using the Mega Backdoor Roth strategy, you face an important fork in the road: after making voluntary after-tax contributions to your Solo 401k, should you transfer those funds to a Roth Solo 401k […]
