Self-directed Solo 401k FAQ: Can I invest my Solo 401k funds in Crypto via my Schwab account?

Please check out this good question from our Daily Live Zoom call. Subscribe to our YouTube Channel to get notifications of our Daily FAQs.

Self-Directed 401k Question: If I want to invest in crypto – can I do that through my Schwab brokerage account for my Solo 401k? Or do I need an account elsewhere?

RESPONSE:

Great question!

One of the top reasons that self-employed persons open Solo 401k plans with us is the fact that our plan allows for alternative investments, including real estate, crypto, notes, precious metals, etc.

In order to invest Solo 401k funds in cryptocurrency, an account will need to be opened under the name and EIN of the Solo 401k.

Please note that different sub-accounts will be needed if there are different types of funds (e.g. pre-tax, Roth and/or voluntary after-tax Solo 401k funds) or funds for different persons (e.g. if a husband and wife both work in the same business and therefore each participate in the Solo 401k there will be different sub-accounts for each).

Learn more: https://www.mysolo401k.net/learn-how-crypto-solo-401k-provides-access-to-many-more-exchanges-vs-crypto-ira-and-why-this-matters/

Tags: , , , , , , , , ,

About George Blower

I have the privilege of educating our clients about our products and services so that they can make informed and confident decisions about their financial future. Prior to joining My Solo 401k Financial, I served as the general counsel for a subsidiary of a Fortune 500 financial services company. Learn more about George Blower and My Solo 401k Financial >>

  •  

  • Popular Video

  • ROBS 401k Funding Process

  • Solo 401k Contributions Including Mega

  • Checkbook IRA LLC

  • About MySolo401k

    We help our clients take control of their retirement money. Our products and services provide our clients the freedom to invest their retirement savings in their own business as well as alternative investments such as real estate, private companies, promissory notes, precious metals, tax liens and equities.
    Learn more

    Connect with us

  • We’re here to help.

    Call: 800-489-7571

    Monday-Friday

    8:00 am - 4:00 pm PT

    Why us?
MENU