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The Solo 401(k): A Retirement Plan for the Self-Employed Person

December 2, 2020 admin Comments Off on The Solo 401(k): A Retirement Plan for the Self-Employed Person

The Solo 401(k) is designed to solve a very particular problem. What if you work for yourself instead of for another employer? How can you start saving for retirement responsibly and in a tax-advantageous way?
Well, the solo 401(k) is the way. This retirement plan allows self-employed people and solopreneurs to have their own retirement account so they can build tax-advantaged savings and sleep easier at night.
In this article, we will delve into what a solo 401(k) is, who is eligible to participate in it, and how it differs from a traditional 401(k) plan.

What Is a Solo 401(k)?
A solo 401(k) is …read more […]