Checkbook Solo 401(k) Setup Process | Broad Financial

In today’s video, we discuss how you can set up a Checkbook Solo 401(k) with Broad Financial.
Broad's Solo 401(k) allows self-employed individuals to invest with total checkbook control, incredible asset choice, and higher contribution limits.
Learn more about Broad's Checkbook Solo 401(k): broadfinancial.com/solo-401k/...
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Video Transcript:
In today’s video, we discuss how you can set up a Checkbook Solo 401(k) with Broad Financial.
Broad's Solo 401(k) allows self-employed individuals to invest with total checkbook control, incredible asset choice, and higher contribution limits.
If this sounds like the plan for you, you can set up a Checkbook Solo 401(k) of your own in 5 simple steps:
1. Plan Setup
Broad creates a customized IRS-approved Solo 401(k) Plan just for you.
2. Trust Setup
The plan that we create contains a Trust, which appoints you as the sole Trustee of your Solo 401(k).
You are empowered to make all investment decisions!
3. Checking Account Setup
Next, you will open a checking account in the name of the Trust at the bank of your choice.
You will use this dedicated checking account to place your investments in real-time for your Solo 401(k).
4. Fund Your Checking Account
You will fund your dedicated checking account by transferring or rolling over funds from one or more of your existing retirement accounts, or by making an initial contribution.
5. Invest in the Asset of Your Choice
You can begin investing your retirement funds directly into the asset of your choice by simply writing a check or sending a wire from your dedicated checking account.
That’s it! In one week, you’ll have the ability to invest in the asset of your choice with a Checkbook Solo 401(k)!
Do you have questions about our Checkbook Solo 401(k)? We’ve got you covered.
One of our friendly and knowledgeable Self-Directed Specialists will be happy to answer any questions you may have.
It’s time for you to gain control of your investment ideas with Broad’s Checkbook Solo 401(k)!