Question 1

How do I choose a Solo 401(k) provider?

Accepted Answer

Consider your annual fees budget, whether you need crypto or alternative investments, and how much control you want. Zero-fee providers like Fidelity and Schwab work for most freelancers. Self-directed options like MySolo401k or Carry are better if you want crypto, real estate, or checkbook control.

Question 2

What is the cheapest Solo 401(k) provider?

Accepted Answer

Fidelity, Charles Schwab, and E*TRADE all offer Solo 401(k) plans with $0 setup fees and $0 annual fees. They are the cheapest options for freelancers who want to invest in stocks, bonds, and mutual funds.

Question 3

Which Solo 401(k) allows crypto investing?

Accepted Answer

Carry, MySolo401k, and Rocket Dollar all support cryptocurrency investing within a Solo 401(k). Carry offers the simplest crypto experience via Coinbase/Gemini integration. MySolo401k and Rocket Dollar provide broader self-directed options including crypto, real estate, and private equity.

Question 4

Can I switch Solo 401(k) providers?

Accepted Answer

Yes, you can roll over your Solo 401(k) from one provider to another. The process typically involves opening an account with the new provider and initiating a direct rollover. There are no taxes or penalties on direct rollovers between 401(k) plans.

Solo 401(k) Provider Finder

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All Solo 401(k) Providers for Freelancers

Carry

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