MFREE 106 Trailer # 5 with Brandon Rickman: What if your 401(k) could follow your rules?

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In this episode, Brandon Rickman breaks down how he took control of his retirement funds after years in corporate America—and what that shift taught him about leadership, mindset, and freedom. 💭

This one’s not just about Solo 401(k)s (though that part’s 🔥). It’s about making the mental move from employee to owner. From following a path to building your own.

He shares how he set up his own trust account, became the custodian of his old 401(k), and started investing on his terms—without penalties, taxes, or waiting on someone else’s permission.

It’s a mindset shift. It’s a leadership move. And it just might change how you think about your own capital.

#MindsetMatters #Solo401k #LeadershipMoves

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Episode Transcript

Brandon Rickman (00:00):
Let's say you work, you're in the military,

(00:01):
you work for the government orfor Home Depot or whatever
company you're getting, puttingaway money and the company or
the government's matchingsomething into your 401k.
You can move that into an IRA ordifferent retirement programs.
I believe it was 71 or 72, thegovernment came up with, a
similar strategy forentrepreneurs, solopreneurs,
people who are starting theirown business because we need an

(00:23):
opportunity to invest money aswell.
You're putting money into a401k, they're putting matching
your 401k in some form orfashion.
They have a custodian who isthen investing that money
usually in some type of mutualfund or stocks and bonds and
hoping to get a return.
What you can do that the federalgovernment established back then
is there's a thing called a SOLO401k, and it's established for

(00:47):
entrepreneurs, people who starttheir own business or have their
own LLC.
And you can transfer that moneyfrom your 401k into your solo
401k, and then you are thecustodian of that money.
this applies with aself-directed IRA as well.
When I transferred money from my401k, I've been working for
corporate America investing intomy 401k over time.

(01:08):
I was able to transfer it fromthat 401k.
Into my solo 401k.
It's a newly created, solo 401k,right?
I opened the account at my localbank and it's a trust account.
And so when you transfer thatmoney from your 401k into your
solo 401k, there's no taxes, nopenalties, no fees.