A Solo 401(k) is a retirement solution for self-employed individuals and business owners.

This unique retirement account allows contributors to save for their future while benefiting from substantial tax advantages. Solo 401(k)s permit both employer and employee contributions, facilitating higher contribution limits compared to traditional IRAs.

They offer investment flexibility, enabling account holders to diversify their portfolios. The plan empowers individuals to take control of their retirement funds, harnessing tax-deferred growth potential. Overall, a Solo 401(k) serves as a powerful tool for self-employed individuals to secure their financial well-being during retirement.

For more tips on retirement options for self-employed individuals, business owners, and anyone else looking for help, follow our page. You can also find us on Twitter and Facebook.

And remember, self-employed individuals and business owners have earned their Social Security benefits just like all workers. To help us fight to protect yours and keep Cost-of-Living Adjustments (COLAs) rising, sign our petition.