Solo 401k - who to seek for help

General Discussion on the Permanent Portfolio Strategy

Moderator: Global Moderator

Post Reply
User avatar
Matthew19
Senior Member
Senior Member
Posts: 115
Joined: Fri May 29, 2015 9:50 pm

Solo 401k - who to seek for help

Post by Matthew19 »

I own an LLC. Unfortunately don't have a retirement setup yet, but I know a solo 401k is a good fit. My CPA only wants to be told what to do and won't advise me. Should I seek out a financial advisor for help with a solo 401k or are they just going to try and push their products on me?
I actually set one up through vanguard last year but got stuck because I didn't know the next steps as far as payroll goes. I trust the advice from you guys more than others. Thanks in advance.
User avatar
Xan
Administrator
Administrator
Posts: 4400
Joined: Tue Mar 13, 2012 1:51 pm

Re: Solo 401k - who to seek for help

Post by Xan »

My understanding is that 401ks are pretty complicated. I would do a SEP in your case.
User avatar
Kriegsspiel
Executive Member
Executive Member
Posts: 4052
Joined: Sun Sep 16, 2012 5:28 pm

Re: Solo 401k - who to seek for help

Post by Kriegsspiel »

I've set up an individual 401k through Vanguard before so I might be able to help.
boglerdude
Executive Member
Executive Member
Posts: 1317
Joined: Wed Aug 10, 2016 1:40 am
Contact:

Re: Solo 401k - who to seek for help

Post by boglerdude »

A new i401k had to be opened by 12/31. Can contribute to existing one by tax deadline.

I suggest taking the time to figure it out. That said, I'm going to ask my CPA to figure out form 8621 for a gold fund ;)

Dont get your hopes up about Vanguard customer support. Ask around for better CPA.
Post Reply