Self-Employed 401k FAQ – Can my solo 401k account be opened at Robinhood?

July 20, 2023 | By George Blower

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Self-Employed 401k FAQ – Can my solo 401k account be opened at Robinhood?

QUESTION:

Can my solo 401k account be opened at Robinhood?

RESPONSE:

In order to open a Robinhood account for a solo 401k, the account would need to be opened in the name and EIN of the solo 401k. However, in our experience and based on client feedback, Robinhood does not open accounts in the name and EIN of a trust.

Tags: entrepreneur, Individual 401k, Robinhood, self employed 401k, self-directed 401k, Solo 401k, solopreneur

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 >>

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