I Want to Open a Solo 401(k) Through My Adviser, But the Total Cost Is Going to Be 1.96%: ‘Does This Seem Reasonable?’

A reader asks if a 1.96% fee for opening a solo 401(k) with their adviser is reasonable, and the author responds that while a solo 401(k) is a smart strategy for tax optimization and savings, these fees are excessive and could hurt long-term savings. Experts suggest finding financial advisers through resources like CFP Board’s website.

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