A Solo 401 K

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Posted on February 04, 2019 at 18:10 PM

Reviewed by on Saturday February 16 2019 Admin 3 out of 8 based on 22 user ratings
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If you're self-employed and make less than $220,000, a Solo 401(k) has a higher maximum contribution limit than a SIMPLE or SEP IRA.
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A solo 401(k) (also called a one-person or individual 401(k)) is a 401(k) retirement plan designed specifically for self-employed people with one-owner businesses.
Solo 401(k) - Wikipedia
A Solo 401(k) (also known as a Self Employed 401(k) or Individual 401(k)) is a 401(k) qualified retirement plan for Americans that was designed specifically for employers with no full-time employees other than the business owner(s) and their spouse(s). The general 401(k) plan gives employees an incentive to save for retirement by allowing them to designate funds as 401(k) funds and thus not ...

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