How Do I Open a Solo 401(k)? (Everything you NEED to know)

You've researched the Solo 401(k) and its benefits, and you think it's right for you. But how do you set one up? IRA Financial's founder, Adam Bergman, breaks down everything you need to know about opening your Solo K! 🔑Explore your retirement options: https://www.irafinancial.com/lp/retir... VIDEOS TO WATCH NEXT:    • How to Borrow Money From Your IRA TAX FREE      • How Roth IRA Conversion Works (with real e...      • Can A 403(b) Be Converted To A Roth IRA?   STAY UPDATED ON THE LATEST! LinkedIn:   / adambergman1   Instagram:   / adambergmanesq   X: https://x.com/AdamBergmanIRA Facebook: https://www.facebook.com/profile.php?... TikTok:   / adambergmanesq   Substack: https://substack.com/home/post/p-1861... _____________________________________ About IRA Financial At IRA Financial, we don't just offer self-directed retirement investing — we pioneered it. We cracked the IRS code on tax-free retirement investing strategies and since 2010, have empowered over 25,000 investors to break free of institutional limitations and grow wealth on their own terms. Direct your funds into alternative investments like crypto, real estate, start-ups, and more. You call the shots, and our experts make sure you do it right. Disclaimer: IRA Financial is not a law firm or fiduciary. We do not provide legal services or advice. Always consult with appropriate legal, tax, and investment professionals before making any investment decisions. Chapters: 0:00 - Introduction to the Solo 401(k) Plan 2:19 - What is a Solo 401(k)? 3:05 - Evolution and History of the Solo 401(k) 5:00 - Eligibility: Who Can Set One Up? 8:44 - Tax Advantages and Benefits 10:06 - Understanding the Solo 401(k) Trust Structure 12:22 - Choosing the Right Plan: Solo 401(k) vs. Traditional Brokerage Plans 14:41 - The Power of Checkbook Control 18:55 - Mega Backdoor Roth Option 19:42 - Loan Features and Interest Rates 20:10 - How to Get Started: Application Process 22:52 - Ongoing Support: Filings, Reporting, and Compliance 27:22 - SECURE Act 2.0: Free $1,500 Tax Credits 30:25 - Q&A: Rolling IRAs into Solo 401(k)s and UBIT 34:33 - The Math of Wealth: Tax Deferral and Compounding Returns 38:31 - Solo 401(k) vs. SEP IRA: Which Wins? #solo401k #retirementplanning #smallbusiness #openasolo401k #howtoopenasolo401k #selfdirectedira #solo401kexplained #self-directed401k #selfemployedretirementplan #solo401krules #soloroth401k #bestself-employedretirementplans #solo401ktutorial #financialadvice #irafinancial #selfemployedretirementplans #selfemployed401k #bestretirementplanforselfemployed #retirementplanoptionsforself-employed #iraforselfemployed