Jump to content

Solo 401K at Interactive Brokers


rranjan
 Share

Recommended Posts

While Googling I saw few references of folks having solo 401K at IB. Solo 401K is essentially a trust account but a qualified one. I talked to IB and they said that tax reporting is not suppressed in their  trust accounts. If that's the case then i don't see how anyone can have a solo 401K account at IB.

 

Am I missing something here? If any of you know anything about having a solo 401K at IB, I will appreciate the input.

Link to comment
Share on other sites

  • 2 years later...

They don't do it, but you can set up a 401(k) Trust (paperwork...) and then have the Trust held at IB.

 

I believe this option is challenging as you have to create a "real" 401(k) plan, and administer it, but there are some ways to do it on a shoestring.  I know someone who does this, but I have not / do not myself.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...