The Solo 401K has a ridiculous amount of alternative names, but they all refer to the same type of account. It is also commonly referred to as an Individual 401K (or i401K), Solo-K, Self-Employed 401K, Uni-K, and One-Participant 401K, among others. The IRS officially refers to Solo...
An Individual 401(k) can help you defer the payment of taxes on a higher level of profits (compared to IRA-based retirement plans), as well as plan for your retirement. To learn more about how an Individual 401(k) can benefit you and your business, select any of the links below. Tax...
Among the several different types of retirement plans that are available to self-employed workers, solo 401(k) plans can offer the most flexibility and the ability to contribute the highest amount of tax-advantaged savings. But alongside those advantages, there are some specific rul...
The Solo 401k provides more investment options, higher contribution limits, and the lowest fees of any fully self directed retirement plan.
Solo 401(k) plans are intended for the self-employed. If you have employees and are looking for a retirement plan, then you have other options such as theSEP IRAorSIMPLE IRA, both of which allow you to provide tax-advantaged benefits to your employees. ...
Open a Solo 401(k) account with the power of checkbook control to create the perfect retirement plan for self-employed entrepreneurs! Broad Financial's Checkbook Solo 401(k) lets you maximize your retirement contributions and place those funds in a variety of retirement assets. And that's just...
Understanding Solo 401K Plans An Individual 401k or Solo k is a retirement savings plan specifically tailored for self-employed individuals or owner-only businesses that allows their owner-manager to contribute both as employer and employee, potentially increasing contribution limits over other plans. Co...
As a self-employed physician or owner of a medical practice with a handful of staff members, you may be exploring optimal retirement plans for your personal needs and the health of your business. Two common options include Simplified Employee Pension (SEP) Individual Retirement Accounts (IRAs), ...
Learn how S-Corp Solo 401k plans maximize retirement savings and tax benefits for business owners. Discover key contribution strategies and compliance tips.
Self-Directed IRA LLC vs. Solo 401k There are a number of options unique to Solo 401k plans that make them a considerably more appealing retirement option for self-employed individuals than a Self-Directed IRA. Reach your Maximum Contribution Amount Quicker ...