Timothy Sumer

You opened up your brand new self-directed 401k plan, you're going out there and you're buying real estate you got some rental properties in there, but you're missing the excitement of the stock market. Can you still have a brokerage account inside your self-directed 401k. Simple answer is Yes and it's relatively easy to do. This is what you need to do you, contact the brokerage firm of your choice and I know for a fact that TD ameritrade and schwab and fidelity allow this and you tell them, hey brokerage firm of my choice, I want to open up a brokerage account for my self-directed 401k and this is very important. You tell them you have your own plan documents because otherwise they're gonna say okay sign all these documents and you're going to be signing up for a brand-new 401k plan it is going to be rigid and isn't going to allow you to have self-directed control. So, what you do is you go to the brokerage firm tell the brokerage firm that you ha...