Solo or Self-Directed 401k question

Discussion in 'Taxes and Accounting' started by Kirribilli, Aug 26, 2016.

  1. I have one at Fidelity for some freelance work I do, Can I open a second one for future contributions at another broker or do I have to either keep the Original Fidelity broker or close it and transfer the funds to a new broker? Can I have two Solo 401k accounts at two different brokers for one business?
     
  2. clacy

    clacy

    I would check with the broker to start with, but this is definitely worth a 15 min call to a CPA or tax attorney.

    It's not worth the risk of finding out 20-30 years from now that you have a big tax liability on your hands because you did something wrong.

    I would love to hear the answer when you get one though.