Solo 401(k)
RetirementA 401(k) plan for self-employed individuals with no employees, allowing both employee and employer contributions.
Example
Example: For someone with $300,000 in retirement savings planning to retire at 65, solo 401(k) directly affects their strategy. Since it involves a 401(k) plan for self-employed individuals with no employees, allowing both employee and, understanding this concept could mean an extra $50,000-$100,000 in retirement assets. Plan with our retirement calculator.