A solo 401(k), also called an individual 401(k), lets you save more at lower income levels. Since you're self-employed ... SEP is usually available at most brokerage firms, mutual fund companies ...
SEP-IRAs allow high contributions with minimal admin, suitable for self-employed ... and some brokerage firms charge fees for solo 401(k)s. You cannot contribute to these accounts if you have ...
Preparation for boom-and-bust cycles is a key component of retirement savings strategies for self-employed workers. Options such as a Solo 401(k ... in a taxable brokerage account.
If you’re self-employed ... a solo 401(k), but it’s not especially onerous. You usually won’t be able to open the account completely online in 15 minutes, as you would a typical brokerage ...
For the self-employed, a Solo 401(k) plan must be purchased and set up before year-end if their business structure is a corporation, partnership, or multi-member LLC. Then, plan owners will have ...