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 employe...
If you're self-employed, you may be able to set up a tax-advantaged solo 401(k) retirement savings plan. Find out how, and why you might want to.
[3] A Solo 401(K) Plan can be adopted by any self-employed business, including a sole proprietorship, limited liability company, partnership, C-Corporation, S-Corporation etc. The business...
An Independent 401(k) is a tax-advantaged retirement savings plan available to individual small business owners and their spouses.
( May 2024 ) In the United States, a 401(k) plan is an employer-sponsored, defined-contribution, personal pension (savings) account, as defined in subsection 401(k) of the U.S. Internal...
If you own a small business, the self-employed 401(k) or solo 401(k) has some clear advantages over other retirement planning options that are available to you.
A solo 401(k) is a retirement savings plan for small businesses and the self-employed. Learn the benefits and decide whether this retirement account is right for you.
A 401(k) plan is a tax-advantaged retirement account offered by many employers. There are two basic types—traditional and Roth. Here’s how they work.
Get answers to commonly asked questions about One Participant 401(k) plans (also known as Solo 401(k), Solo-k, Uni-k and One-participant k).
A solo 401(k) offers similar tax benefits to an employer-sponsored 401(k).