Solo IRA Recommendations

[Leila Nosrati]

I see that BP has a list of a couple dozen providers that can help me set up a solo IRA. Which are your favorites and why? Anyone not on the list that I should consider? What is a reasonable fee? Any questions you recommend asking or wish you had known to ask when setting up your own? Thanks in advance!

[Michael Plaks]

@Leila Nosrati

All IRAs are solo by definition. You can have an IRA whether or not you have a business. When you hear the word "solo" - they are talking about a Solo 401k, which is a different type of an account, and they are excellent for the self-employed investors without employees.

Some of the providers with solid reputation are @Dmitriy Fomichenko, @Carl Fischer and @Brian Eastman.