In Part 4 of our series on retirement plans for the one-owner or husband-and-wife-owned business, we take a close look at the solo 401(k). This flexible, defined-contribution retirement plan lets you take the largest deductions of the plans reviewed so far and offers several significant advantages.
To find out more, don’t miss this important article titled Tax Tips: Best Small-Business Retirement Plans: Part 4, the Solo 401(k) Option.
Three ways our fact-filled article can help you:
- We’ll explain solo 401(k) basics. We’ll start by describing the two ways you can make annual contributions to your solo 401(k) plan. Then we’ll discuss the overall limitations on contributions and much more. I promise you’ll learn plenty when you read the full article.
- We’ll list the three biggest advantages of solo 401(k) plans. It’s worth reading my article for this information alone. For example, I’ll explain how you can borrow from your account… something you can’t do with a SEP or SIMPLE-IRA. Get the whole story when you read the full article.
- We’ll also explain the two biggest disadvantages of the solo 401(k). We want you to get a complete picture of the solo 401(k) plan, so we’ll spell out why it may not work for you. You’ll get all the straight facts when you read the full article.