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Retirement Plan Strategies
Solo 401k

Situation: Individual business owner with no full time employees (less than 1000 hours annually) desires a retirement plan that permits up to $40,000 contributions annually.

Solution: The Individual 401k is a self employed retirement plan that is sometimes referred to as an "Individual(k)", "Solo 401k", "Single(k)" and "Self Employed 401k".

Plan Type: Defined Contribution Plan

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Information is provided for review and consideration only. Please consult legal and tax advisors for practical advice pertaining to your business and personal situations.

This page was last reviewed and/or updated on Friday, July 03, 2015 05:22 PM

 

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