Thank you all for some real great tips and help from these forums! Much appreciate if someone can help with the two questions below
Wife is employed by a corporate and I part own and run a C-Corp startup. I do have three solo 401k established at Fidelity - pre-tax, roth, after-tax.
SOLO 401K pre-tax and roth are at 0 since I've mostly been doing SOLO 401K after tax for convenience.
Both below 401ks were rebalanced yesterday
401k from my prev employer has $160k - FXAIX(50%), FRGXX(20%), VWILX(15%), FSPSX(15%).
Wife's current 401K has $100K - FXAIX(50%), FRGXX(50%)
Question 1 -> Since I can afford to revisit the 401k once in a while and rebalance, I was looking for a safe instrument that gives good interest relatively risk free with the markets bring at all time high. Unfortunately, these 401ks are limited in options and FRGXX seemed like investing in treasuries and yield around 4%. But I am unable to find any reference to this in internet searches or mention of it in blogs or forums as an investment option for fixed income. So, is my understanding of this fund correct in that it is a reasonable safe 4% (until treasury rates drop)?
Question 2 -> Are there any drawbacks if I rollover my former employer 401k to the pre-tax solo 401k. Both are at Fidelity, but I can buy individual stocks/etf etc. in the pre-tax solo 401k. Though I may convert any of the 1099s that work for my company to a FTE. At that point, I can still keep the solo 401k around, right? just not contribute to it if I am not the sole employee? Or do I need to close it? The only other difference I can think of is that Fidelity sees that former employer 401k as a "true" 401k and exposes through netbefits etc. too while the solo 401k I established (it is a non-prototype solo 401k through mysolo401k) is seen as a regular account by Fidelity (from a site and interface perspective). But I don't see why it should matter.
Wife is employed by a corporate and I part own and run a C-Corp startup. I do have three solo 401k established at Fidelity - pre-tax, roth, after-tax.
SOLO 401K pre-tax and roth are at 0 since I've mostly been doing SOLO 401K after tax for convenience.
Both below 401ks were rebalanced yesterday
401k from my prev employer has $160k - FXAIX(50%), FRGXX(20%), VWILX(15%), FSPSX(15%).
Wife's current 401K has $100K - FXAIX(50%), FRGXX(50%)
Question 1 -> Since I can afford to revisit the 401k once in a while and rebalance, I was looking for a safe instrument that gives good interest relatively risk free with the markets bring at all time high. Unfortunately, these 401ks are limited in options and FRGXX seemed like investing in treasuries and yield around 4%. But I am unable to find any reference to this in internet searches or mention of it in blogs or forums as an investment option for fixed income. So, is my understanding of this fund correct in that it is a reasonable safe 4% (until treasury rates drop)?
Question 2 -> Are there any drawbacks if I rollover my former employer 401k to the pre-tax solo 401k. Both are at Fidelity, but I can buy individual stocks/etf etc. in the pre-tax solo 401k. Though I may convert any of the 1099s that work for my company to a FTE. At that point, I can still keep the solo 401k around, right? just not contribute to it if I am not the sole employee? Or do I need to close it? The only other difference I can think of is that Fidelity sees that former employer 401k as a "true" 401k and exposes through netbefits etc. too while the solo 401k I established (it is a non-prototype solo 401k through mysolo401k) is seen as a regular account by Fidelity (from a site and interface perspective). But I don't see why it should matter.
Statistics: Posted by stubborn — Fri Feb 21, 2025 12:24 am — Replies 0 — Views 49