All Forum Posts by: Ed Brownstein

Charles Schwab is simply providing brokerage account for your Solo 401k, and MySolo401k.net is your Solo 401k provider. In other words, even though Schwab also offers Solo 401k, their Solo 401k plan document restrict you to only investing in stocks and mutual funds; however, by using our Solo 401k document, which allows you to serve as trustee of the Solo 401k and invest in alternative investments such as real estate, precious metals, tax liens, promissory notes, private stock, etc., as well as process Solo 401k Loan, Schwab is not involved in the administration of the Solo 401k.

In other words, Schwab's role is to provide the brokerage side to the account. But the dropbox link you offered shows that TD supports the Real Estate in the self directed account. (Page 58)

It seems to me, if you want the account to hold stock (at Schwab) as well as RE, the plan is good. Otherwise just using TD will get you what you need. Unless I'm missing something?

Frank - "The Solo 401k document which allows me to serve as trustee"

That makes perfect sense to me and is exactly what I was looking for. Thank you.

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It appears that some of the brokers have cookie-cutter Solo 401k plan agreements for their customers. Reading through the agreements the plans allow for Real Estate & loans. I know mysolo401k.com allows their plans to be housed at Fidelity, Schwab. & TD Ameritrade.

Could it be as simple as setting up a plan and making withdrawals for RE activity?

Sample plan agreement: https://www.dropbox.com/s/s3bl19e7847g9zy/QRP%20Pl...

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John,

This was a very informative post, thanks for sharing!

I do agree that cycles exist and prices almost always revert back to their long-term mean.

What we do not know is the timing. I believe it is very hard and nearly impossible to *consistently* time a market. With that being said, there is always opportunity and one should always diversify their assets and income streams.

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All Forum Posts by: Ed Brownstein

Ed Brownstein has started 1 posts and replied 4 times.

Post: Cookie-Cutter Solo 401k plan from discount broker?

Post: Cookie-Cutter Solo 401k plan from discount broker?

Post: Cookie-Cutter Solo 401k plan from discount broker?

Post: Buy Low, Sell High: Is Your Real Estate Market Peaking?