E*TRADE Solo 401(k)
A flexible retirement plan for the self-employed.
Overview
E*TRADE's Individual 401(k) is designed for self-employed individuals and owner-only businesses. It offers high contribution limits and the flexibility to contribute as both employee and employer. The plan provides access to a broad array of investment products, including stocks, options, ETFs, mutual funds, and bonds. A notable feature is the availability of a loan provision.
✨ Key Features
- No setup or annual fees
- Traditional and Roth contribution options
- Wide selection of investment choices
- Loan provision available
- Commission-free online stock and ETF trades
🎯 Key Differentiators
- Loan feature available
- Strong platform for active traders
- No account fees
Unique Value: Combines a no-fee Solo 401(k) with a powerful trading platform and the flexibility of a loan provision.
🎯 Use Cases (3)
✅ Best For
- Maximizing retirement savings for independent contractors
- Utilizing the loan feature for short-term liquidity needs
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Businesses with employees other than a spouse
- Investors seeking direct investment in alternative assets like real estate
🏆 Alternatives
Its trading platform and loan option make it a more feature-rich choice compared to some other basic brokerage Solo 401(k)s.
💻 Platforms
🛟 Support Options
- ✓ Email Support
- ✓ Live Chat
- ✓ Phone Support
- ✓ Dedicated Support (NA tier)
🔒 Compliance & Security
💰 Pricing
Free tier: No setup or annual maintenance fees.
📊 Market Info
Customers: NA
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