Bitcoin futures ETF (BITO) for Solo 401k and IRA Investing

Solo 401k and IRA investors will now have the option to invest in bitcoin through the first ever bitcoin exchange-traded fund. The first-ever “Bitcoin futures ETF” is now available after 8 years in the making (the Winklevoss twins first applied for it back when bitcoin was only at $90). This week the ProShares Bitcoin Strategy […]

Passive Solo 401k Investment In Private Company and Work for the Company

BACKGROUND & QUESTION: A client wants to invest in a private startup using solo 401k funds. My question is about her consulting or working with this company. What are the limitations she should be aware of?  If she invests solo 401k dollars into the company’s equity, can she not take a job with them? Can […]

Trading Options in Your Charles Schwab Self-Directed Solo 401k Brokerage Account (AKA Company Retirement Account Master Account)

While Charles Schwab also offers their onw solo 401k plan which tends to me more restrictive, a self-directed solo 401k plan from My Solo 401k Financial may be invested in equities including stock options using a Charles Schwab company retirement account brokerage account.  This is possible because you opened a solo 401k with My Solo […]

How to Guide-Mega Back Door Roth Solo 401k Conversion of Fidelity Non-Prototype Solo 401k Brokerage Account to Roth IRA at Vanguard

My Solo 401k Financial clients also have the option to convert their voluntary after-tax solo 401k funds held in a non-prototype brokerage account at Fidelity Investments to their Vanguard Roth IRA. The following video and procedure detail the following: How to open a mega backdoor Roth solo 401k with My Solo 401k Financial; How open […]

Does Report of Foreign Bank and Financial Accounts (FBAR) on FinCEN Form 114 Apply to IRAs or 401k Plans Such as Solo 401k Plans?

While the  Bank Secrecy Act requires reporting for certain foreign financial accounts to assist the Treasury Department to keep records of accounts by requiring the filing of  a Report of Foreign Bank and Financial Accounts (FBAR) on FinCEN Form 114, it appears that IRAs and 401k plans including solo 401k plans are not subject to […]