Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago on . Most recent reply presented by

User Stats

158
Posts
39
Votes
Helen Zhang
  • Austin, TX
39
Votes |
158
Posts

Solo 401k integrate with social security?

Helen Zhang
  • Austin, TX
Posted

Hey Guys, 

I am very new to solo 401k and I wanted to get started on it. There is an option where it asks me if I wanted to integrate this solo 401k with social security. I can't seem to understand the intention of this question... what benefit do I get to integrate with social security? and why would anyone want to do that? how does integrate with social security affect 401k? 

I can't seem to understand what is the relationship between solo 401k with social security at all. If someone can help me understand this, it would be a tremendous help for me to move forward with solo 401k. 

Helen Z

Most Popular Reply

User Stats

17,872
Posts
6,266
Votes
Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
6,266
Votes |
17,872
Posts
Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
Replied

Also, the loan is taken from the account, not against it. It seems that Fidelity plan does not have a loan provision. 

How about investing: how do you wish to invest 401k funds? With Fidelity 401k plan you will be limited only to Fidelity investment offerings, to invest in real estate and other alternative investments you need truly self-directed Solo 401k plan. Here is a good discussion on the topic which you may find helpful:

https://www.biggerpockets.com/...

  • Dmitriy Fomichenko
  • (949) 228-9393
business profile image
Sense Financial Services LLC
4.9 stars
166 Reviews

Loading replies...