ForumsSolo 401kInvest solo 401k in CD’s Annuities?

Forums Solo 401k Invest solo 401k in CD’s Annuities?

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  • Invest solo 401k in CD’s Annuities?

    1 Reply
  • Timothy A.

    Top SubjectSolo 401k
    Top ForumsSolo 401k

    Timothy A.

    Timothy A.

    Top SubjectSolo 401k

    July 2, 2022 at 10:51 am

    Am I ‘allowed’ to put money from my solo 401k into CD’s or Annuities? Money sits waiting for the next investment property decision and it is making no gain. Is it OK to put this money into 6 month, or a year, etc. CD?

    Timothy A.
  • Mark Nolan

    Top SubjectSolo 401k,Solo 401k Contributions
    Top ForumsSolo 401k, Solo 401k Contributions

    Mark Nolan

    Mark Nolan

    Top SubjectSolo 401k,Solo 401k Contributions

    July 2, 2022 at 10:54 am

    Yes, the solo 401k rules allow for investing in both annuities and certificates of deposit (CD).

    The annuity will need to list the solo 401k as both the owner and the beneficiary and the solo 401k participant can be the annuitant.

    The CD will need to be titled in the name of the solo 401k plan.

    Both investments will also require the use of the solo 401k EIN.

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