Speak with a Broad specialist:
(800) 395-5200Schedule a CallOpen an Account
Speak with a Broad specialist:
(800) 395-5200Schedule a CallOpen an Account

Solo 401(k)

Are you self-employed? A Solo(k) is a robust investment account that lets self-employed individuals place their funds in almost any retirement asset. Discover how a Solo(k) can help you maximize your retirement savings.

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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March 30, 2022

Annual Maintenance for Your Solo 401(k)

Your Solo 401(k) is a powerful investment tool especially because of it’s ease-of-use, but that doesn’t mean it’s totally free from necessary maintenance tasks. Here’s a look at some annual maintenance your account still needs. (Please click HERE for this year’s contribution limits.) Annual Contributions – the annual Solo 401(k) contribution limit is currently $69,000 (or $76,500 […]
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Why Should I Open a Self Directed Solo 401(k)?

If you are a one-person business operator, freelancer, or independent contractor, planning for retirement may seem like a daunting task since you are not provided with an employer sponsored plan. Luckily, self-employed individuals have several options to save for retirement and enjoy the same tax benefits. When deciding on a retirement account, the fee structure, […]
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March 17, 2022

Welcome to Broad Financial's Solo 401(k)

Thank you for reaching out to learn about a self-directed Solo 401(k). My name is Jeff Astor and I am a Senior Account Specialist at Broad Financial as well as the author of The Self Directed IRA Guide. I have the experience and background to direct you to the best plan for your investment.  Schedule a call with […]
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February 19, 2022

Solo 401(K) Annual Compliance FAQs

What does the Annual Compliance fee include? Do I need to update my Plan? Yes, you do.  All Qualified Retirement Plans must be updated on a regular basis.  This is because the lawmakers in Washington are constantly changing retirement law.  The Plan Amendments that we send you keep your Solo 401k Plan compliant with the […]
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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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February 7, 2022

Opening a Checking Account

Welcome to Broad Financial. Now that you have received your Solo 401k or IRA LLC binder, the next step is for you to open a checking account to hold your retirement funds. You can either go to a local bank to open the checking account, or you can open a checking account with TD Ameritrade, […]
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February 7, 2022

How To Designate Beneficiaries in a 401(k)

Sometimes you think you’ve done everything right and it still doesn’t work out. That can easily be the case when designating Solo 401(k) beneficiaries. The ERISA rules possess a little known application that can play major havoc when it comes to inheritance. If you’re growing your retirement funds with a Solo 401(k), make sure that this aspect of your paperwork is properly addressed. The Good Intentions […]
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October 27, 2021

Contact Us

One Paragon Drive
Suite 270
Montvale, NJ 07645

Phone: (800) 395-5200

Mondays – Thursdays: 8:00 am – 6:00 pm EST
Fridays – 10:00 am – 4:00 pm EST


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