How to start a Roth solo 401K

[Rohrbaugh]

Hi

I'd like to help my daughter (an artist with no employees) set up a Roth solo 401K but have no idea how to proceed. What companies are recommended for this? I know there needs to be a custodian but who is trustworthy and has a favorable fee structure?

Any advice on how to proceed as well as recommendations are greatly appreciated, thanks.

[medchemguy]

See the following links at Schwab and Fidelity:

https://www.schwab.com/small-business-r ... 401k-plans

https://www.fidelity.com/retirement-ira ... k/overview

Fidelity may have the Roth solo 401k option now but I’m not sure, Schwab definitely does.

[Rohrbaugh]

Thank you!