Speak with a Broad specialist:
(800) 395-5200Schedule a CallSign Up Now
Speak with a Broad specialist:
(800) 395-5200Schedule a CallSign Up Now


Taking a Loan from Your Solo 401(K)

Here’s what you need to know about taking a loan from your Solo 401k: How much am I allowed to borrow? You may borrow up to 50% of the total amount in the Solo 401(k), with a maximum cap of $50,000. Are there any restrictions on the borrowed funds? There are no restrictions on the […]
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Solo 401(k) – Basics

The Process Here’s what happens when you set up a self-directed Solo 401(k): Broad Financial creates a customized IRS-approved Solo 401(k) Plan for you. The Plan contains a Trust, which appoints you as the sole Trustee of your Solo 401(k) Plan. As Trustee, you open a checking account in the name of the Trust at the […]
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Using a 401k to Plan for Your Future

Saving money for retirement can often be intimidating, and many Americans fall short of their retirement goals. Often, this is because the process can be a bit intimidating. There are many ways people can save up money for their retirement, from stocks and bonds investments, to CDs and mutual funds. A 401k is an excellent […]
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Can I Rollover my Current IRA into a Solo 401(K)

Rolling an IRA into a 401(k): Is this possible? For some reason, this is one of those questions that has people confused even though the answer is fairly simple. In short, you can definitely rollover an IRA into a Self-Directed Solo 401(k). The reason for this is that the Solo 401(k) is an IRS approved […]
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March 30, 2022

What is a Solo 401(K)

Before we answer the question “what is a Solo 401(k)”, let’s first discuss the structure of a standard 401(k). The Standard 401(k) Plan A 401(k) is a retirement plan (based on a section of the Internal Revenue Code) which allows an individual to dedicate income towards retirement. When the funds are designated as such, they […]
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5500-EZ FAQs

When does a Solo 401(k) need to file a 5500-EZ? If the total of the Solo 401(k) plan assets, (and the assets of all other plans maintained by you or your business,) exceed $250,000 at the end of the plan year, you are required to file Form 5500-EZ. The end of the plan year is […]
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Solo 401(K) Amendments

The Myth One of the oddly persistent myths in the self-directed arena comes in two versions: Solo 401(k) plans do not need to be updated with amendments. Solo 401(k) plans do need to be updated with amendments but they are infrequent. While it is unclear how these myths got started, what is clear is that […]
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Self Directed IRA Fees Breakdown

Let’s take a look at what kind of fees retirement accounts often have to pay, and how Broad’s Checkbook Control model is able to eliminate a great many of them. Standard IRA Fees If you have your retirement money invested with a standard IRA provider, than your account could be subject to a large selection […]
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