Solo 401k - who to seek for help

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Matthew19
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Solo 401k - who to seek for help

Post by Matthew19 » Sat Feb 25, 2017 3:07 pm

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.
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Xan
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Re: Solo 401k - who to seek for help

Post by Xan » Sat Feb 25, 2017 3:52 pm

My understanding is that 401ks are pretty complicated. I would do a SEP in your case.
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Kriegsspiel
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Re: Solo 401k - who to seek for help

Post by Kriegsspiel » Sat Feb 25, 2017 5:00 pm

I've set up an individual 401k through Vanguard before so I might be able to help.
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Re: Solo 401k - who to seek for help

Post by boglerdude » Sat Feb 25, 2017 10:47 pm

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.
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