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Self-directed Solo 401k Question Answered – Do brokerage firms charge for my self-directed 401k?
QUESTION:
I am considering opening a self-directed Solo 401k in order to make Mega Backdoor Roth Solo 401k contributions. Do brokerage firms like Fidelity charge any fees if we go through?
RESPONSE:
Great question! We help our clients open accounts for their Solo 401k at the bank or brokerage of choice (including Fidelity, Schwab, TD Ameritrade, etc.).
We prepare the paperwork that the brokerage firm requires to open accounts for the solo 401k.
The brokerage firms don’t charge anything to open the account nor any ongoing maintenance fee and many offer free online trading as well as a free checkbook.
To learn more about the features of a solo 401k, please click HERE.
