There are many steps involved in the mega backdoor solo 401k conversion strategy. To view all all the steps, VISIT HERE.
This page covers step 1.
STEP 1: Open the Voluntary After-Tax & Roth Solo 401k Holding Accounts (bank or brokerage accounts); NOTE: if each participant (e.g., both spouses) are participating in the solo 401k and each plan to process the in-plan mega backdoor conversion, each will need to open separate voluntary after-tax and Roth solo 401k holding accounts (total of 4 accounts).
Open Solo 401k Bank Accounts
- For information open the solo 401k bank accounts, CLICK HERE.
Open Solo 401k Brokerage Accounts
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For information on opening the Solo 401k brokerage accounts, CLICK HERE.
CLICK HERE to proceed to step 2.
CLICK HERE to review all the steps.
