Solo

From unemployed to self-employed/freelancer, how is my 401K & IRA setup?
Can a self-employed person have a Solo 401k?Can a freelancer open a Solo 401k?Is self-employed 401k the same as Solo 401k?Can you roll a 401k into a ...
Individual 401k contribution limits
Total contributions to a participant's account, not counting catch-up contributions for those age 50 and over, cannot exceed $61,000 for 2022 ($57,000...
Solo 401k contribution limits 2020
The maximum amount a self-employed individual can contribute to a solo 401(k) for 2020 is $57,000 if he or she is younger than age 50. Individuals 50 ...
Solo 401k contribution deadline 2021
The solo 401(k) contribution deadline for employees is December 31, 2021. Employer profit-sharing contributions are generally accepted until your tax-...
401k without employer
Individuals cannot open a 401(k) unless their employer offers one. However, if you are self-employed or own a business, you can open other plans, such...
Solo 401k spouse
With a Solo 401k, both spouses can participate in the same plan. To qualify, you both must work in the business adopting the plan. Together you and yo...
Solo 401k multiple owners
Multi-owner business Solo 401k plans Solo 401k plans are intended for one business owner and your spouse. If your business has partners other than you...
Are solo 401k plans subject to erisa
ERISA does not apply to solo 401k plans because they only benefit the owner and the owner's spouse, not common-law employees (non-business owners). Be...
Can you have a solo 401k with part-time employees
Features of a Self-Directed Solo 401k: Next, you must not have any full-time employees, so part-time employees are okay (those working 1,000 hours or ...