patrick.net

PrivilegedtobeWhite says

CL says

PrivilegedtobeWhite says

I did a bunch of research, and I'm opening up an ETrade solo 401k for my wife. She's a 1099.

You're welcome! :)

Any reason you chose them over the competitors?

Why am I welcome?

ETrade allows loans against your 401k.

Oh, I thought you did your research as a result of my posting this. What you are saying is that you did a lot of research, and the fruits of that are that you determined ETrade to be the best?

Also, I have seen "loans" as being a decision point for a lot of people, but I don't get what the big deal is? In case of calamity?

CL says

Oh, I thought you did your research as a result of my posting this. What you are saying is that you did a lot of research, and the fruits of that are that you determined ETrade to be the best?

Also, I have seen "loans" as being a decision point for a lot of people, but I don't get what the big deal is? In case of calamity?

Ah no. I had done the research anyway. ETrade just seemed to be low cost and flexible with little restrictions. I don't remember all the details. Regarding loans, it's not a big deal but it is an advantage over Vanguard, for example. Why go with another company where you can't get a loan? Never know when you might need the money for a house or hardship or whatever.

Thanks everyone!