3 Comments

  1. Great post, Kevin! I don’t have access to a 401(k) plan through my employer, so I’m always interested in exploring other options. For the past couple of years, I’ve maxed out my Roth IRA and invested in a taxable account. The solo 401(k) sounds like a great option. I’ll have do some more research on that!

  2. Hi Addison – A solo 401k really is a bonanza for the self-employed especially since you can contribute up to 100% of your business income to the plan. It would be worth it to have a side business just to take advantage of that plan.

  3. Dividend Ninja says:

    Hi Addison,

    Have a look at Taylor’s post here on the Solo 401K:

    https://criticalfinancial.com/the-minimalist-guide-to-retirement-planning-for-solopreneurs/

    Cheers
    DN

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