How to hold cash in a solo 401k?1 Reply
Top ForumsSolo 401k Bank Account, CryptocurrencyMarch 10, 2022 at 12:57 pm
Your company helped helped me set up my solo 401k bank account. Does any money in that checking account count as being invested in my solo 401k, or do I have to invest it somewhere. I ask because I want to park some of the money as cash for now. I know can open a solo 401k investment account with Fidelity or TD Ameritrade for example and simply put in the account as cash.
Is this the best/only way to do this is, or can you suggest other options.
Top ForumsSolo 401k, Solo 401k ContributionsMarch 11, 2022 at 3:27 am
@Gene Malfetano Thank you for posting your question!
This confirms that one may leave his or her Solo 401k investments in cash in the Solo 401k bank or brokerage account. Moreover, this cash is considered part of the Solo 401k plan assets.
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