401kBrokers.com, and its wholly owned subsidiary, 401kAdministrators.com, a Third Party Administrator, ("TPA"), announce the launch of a new Solo 401k plan for self-employed business owners with Scottrade as the asset custodian. This new offering complements their existing Solo 401k programs utilizing Vanguard Funds and Ameritrade.
La Jolla, CA (PRWEB) October 26, 2005 -- 401kBrokers.com, and its wholly owned subsidiary, 401kAdministrators.com, a Third Party Administrator, ("TPA"), announce the launch of a new Solo 401k plan for self-employed business owners with Scottrade as the asset custodian. This new offering complements their existing Solo 401k programs utilizing Vanguard Funds and Ameritrade.
All of 401kBrokers.com low cost "open architecture" Solo 401k’s permit investment in all exchange traded stocks, bonds, options, thousands of mutual funds and government and municipal securities as well as money market funds and certificates of deposit.
These Solo 401k programs are only available from 401kBrokers.com and have no ($0) start up costs. Additionally, 401kBrokers.com receives zero ($0) in sub-transfer agency fees, zero ($0) in 12(b)(1) fees, and zero ($0) in placement fees (i.e. marketing fees, finders fees etc.).
401kBrokers.com new Solo 401k allows the self-employed to deduct up to $46,000 per year from their taxable income and save or invest that amount tax deferred for retirement. Enrollment forms are available on the web at 401kBrokers.com 24 hours a day and customer service is open from 8:30 am. to 6 pm. PDT. Their new program comes with unlimited toll free phone and email support for the life of the plan. With their new revised website, opening and managing a Solo 401k plan has become easier than ever.
"Our new program also allows the self-employed to open or expand their business with funds borrowed from their 401k," says Craig Gillooly, an Attorney and President of 401kBrokers.com. "Scottrade now offers one flat rate ($7) for all online market & limit orders and has no share limits. Participants pay the same low commissions regardless of the number of shares they trade. Moreover, Scottrade has no inactive account fees or account maintenance fees, 244 local branches and it costs just $500 to open a Solo 401k account. In addition, we are now able to process orders faster, provide better customer service and lower costs, so that self-employed people can save more for retirement than ever before."
With this new Solo 401k plan, self-employed business owners and independent contractors can dramatically increase their income available during retirement. "Saving one or two percentage points a year in costs on the way to retirement makes a huge difference in how much you have accumulated when you finally get there."
401kBrokers.com markets their 401k programs direct to small business owners and is also currently working with fee-only and fee based financial advisors, financial planning firms and CPA's to inform their self-employed clients that they can save and invest tax-deferred for retirement with their own Solo 401k.
For more information, please contact Craig Gillooly at 800-474-3826.
Contact:
Craig Lewis Gillooly, Esq., J.D.
www.401kBrokers.com
1205 Prospect Street, Suite 400
La Jolla, CA 92037
800-474-3826, Direct: 858-454-7090; Fax: 888-448-3668
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