Super Simplified Solo 401k ???

[Dan Rudolph]

I established a solo-401k in 2015 and have been a very satisfied client of mysolo401k.com.  I recently recommended this strategy to a friend of mine and he came back with what he says is a free option at TD Ameritrade.  According to him, TDA provides all the paperwork and acts as custodian of the plan.  Obviously this is attached to a brokerage account at TDA.  All for free.

My question for the community:  What are the pros/cons of this type of free plan versus the type of plan that I am using.

Thanks for your help.

[George Blower]

@Dan Rudolph

The type of plan that TD offers only allows for equity trading.

Whereas the solo 401k that you have allows for investing in alternative investments such as real, estate, metals, tax lien and notes in addition to equities.

Moreover, the TD solo 401k does not allow for after-tax contributions.

 @Dan Rudolph