As with other retirement plans, this will mostly depend on the options available to you through your custodian. Solo 401(k)s will have an array of asset exposure available to you, but it may come only in the form of mutual funds. This is not unlike many larger 401(k)s.
The way these plans are bundled as simple and straightforward products, without so many bells and whistles that they will attract the attention of the IRS, may cause them to be slightly more plain vanilla than the options available in some 401(k)s.
Regardless, you can do quite well and be invested in nearly any major asset class through even a single mutual fund family. These products, as with most 401(k)s, will be managed by the individual investor alone, more often than not, without consulting a financial professional.
These investments are meant to help the investor with long-term goals, and in such cases, without professional help, it will generally be in a person’s best interest to buy-and-hold major index funds or a specific asset allocation and try not over-think it or over-trade the account.
Of course we have useful information for you here at Tickeron, and we can also connect you with an advisor who can help further.
The surest way to make tax-free withdrawals is to wait until you are older than 59½, but there are a few other ways
Generally the deadline for contributions is the tax filing deadline, with extensions
Mortgage companies help to place customers with the most competitive loans that make sense for their situation & finances
Bond insurance is a contract that protects the issuer and the holder of bonds from the risk that bond payments will...
The Pink Sheets used to be printed on pink paper and contained the bid and ask prices of penny stocks
Gold, as any other commodity (silver, platinum, coffee beans, etc), might be a valuable part of your asset allocation
Core mutual funds represent the middle ground between Value and Growth, but are not the same as Blend funds
Active trading is the pursuit of returns in excess of market benchmarks. Investors are advised to have a diverse portfolio
Options can be a valuable tool in portfolio management, but investors should be well-versed in how options work
The LIBOR is the benchmark interest rate that the world’s leading banks pay each other for short-term loans (interbank rate).