While 401 (k)s are often associated with large corporations, the "company of one" or any multiple owner shop with no employees can have access to one of the most powerful tax-saving tools available -- ...
The IRS requires Solo 401k plan owners with more than $250,000 in their plan to file a Form 5500-EZ every year. The form satisfies annual reporting and filing obligations set by the IRS. It's another ...
Gig workers and small-business owners often overlook the solo 401(k). Here’s how the 2026 contribution limits work and why ...
Solo 401(k) plans are available to business owners with no employees (other than their spouse). These plans let business owners save up to $70,000 per year in 2025, or up to $140,000 with a qualifying ...
Looking for ways to kick-start your retirement savings? If you’ve got freelance income, you could open up your own 401(k) plan and save well beyond the normal $23,500 you can in a workplace plan for ...
Over 7 years ago I went on the hunt for the best solo 401k providers, did my research, and learned a whole lot. I've shared in the past the best options for saving for retirement with a side income, ...
If you’re self-employed, saving for retirement can feel overwhelming — especially without access to a traditional employer 401(k). That’s where the Solo 401(k) comes in. Also called an individual ...
If you're a high earner, you could convert after-tax income into a Roth account and never pay tax on it again If you want your retirement savings to measure up, try saving some of your side-hustle ...