Comments on: E*TRADE Review: Pros, Cons, And Alternatives

By: User

User — Wed, 27 Apr 2022 19:21:39 +0000

E*Trade does not appear to allow after-tax contributions for mega-Roth.

Nondeductible Employee Contributions on the adoption agreement is pre-checked “No”, with these instructions:

Part C. Nondeductible Employee Contributions This section has been prepopulated to reflect provisions that are in line with our operations. These elections should not be changed. Making changes to these elections on your Adoption Agreement could cause a rejection of your application, a delay in account opening, or adverse tax consequences for your plan

By: Investing_Fanatic

Investing_Fanatic — Sat, 01 Jan 2022 19:14:28 +0000

E*Trade has a lot going for it, but drops the ball on customer service for non-platinum status investors. The things they do well are:

– Free trades
– Low cost Index mutual funds from Schwab and Vanguard.
– Roth/Traditional IRAs
– Custodial accounts
– DRIP
– Good for option analysis and trading
– Paper trading (practice trading).
– Solid research tools

By: Oliver Collins

Oliver Collins — Sat, 20 Nov 2021 22:58:36 +0000

In reply to Jeff. yes..1) does it allow for voluntary after tax contributions? 2)Does it allow for the rollover from after tax to the in plan roth 401k (mega back door roth).

By: Jeff

Jeff — Wed, 05 Jul 2017 19:38:49 +0000

Thanks Joe!
Re: solo 401k: Does E-Trade allow for after-tax contributions, then potential immediate in-plan rollover from the after-tax sub-account to the in-plan Roth 401k (‘Mega back-door Roth’); if so, is there a limit on # times/year?
Did you end up w/ an E-Trade 401k? Any downsides in terms of E-Trade’s solo 401k options and timing to execute these options relative to a TPA (I’m not concerned w/trading costs, or loans or alternate investments as much)?
So there would be a tax-deferred sub-account for employee contributions (and is this sub-account where I could transfer my Schwab defined-contribution pension to as well?), an after-tax sub-account, but what about a potential Roth sub-account; also is the profit-sharing sub-account part of the initial tax-deferred sub-account?
Thanks again Joe….