A Solo 401k is a retirement account designed for self-employed individuals or small business owners without full-time employees other than the owner(s) and their spouse. This specialized plan is specifically tailored to meet the needs of smaller businesses and self-employed professionals and offers unique advantages compared to other retirement accounts.
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Who is eligible for a Solo 401k?
Who contributes to a Solo 401k?
How much can I contribute to a Solo 401k?
What is considered self-employment income?
Can I rollover funds from another 401k into my Solo 401k?
What are some of the tax benefits of a Solo 401k?
Can I buy real estate with a Solo 401k?
Why is it important to record keep a Solo 401k?
What are the potential penalties for not properly record keeping a 401k plan?
What do you mean when you say legitimized?
Can I make both Solo 401(k) and Traditional IRA contributions for the same year?
If I already have a full-time job as an employee, can I still open a Solo 401(k) plan for my side business?
Can I sign up for a Solo 401k if my business has employees?
What happens if I get employees in my business?
If I am a sole proprietor, will I be able to use my social security number or will I need to obtain an EIN?
Can my spouse who works for my company participate in a Solo 401(k)?
Can I piggyback of my spouses’ self-employment income in order to make higher contributions to my Solo 401k?
I have a self-directed Traditional IRA that holds private investment and I want to know if I have to liquidate or can I transfer it to a Solo 401k plan?
What is the deadline to establish a Solo 401k?
Where can I get more information about Solo 401ks?