Can I Borrow from an IRA? The short answer is still no, you cannot truly borrow money from any type of IRA. This includes: Traditional IRA Roth IRA SEP IRA... read more →
A Solo 401(k) plan is an IRS-approved retirement plan, which is designed for self-employed and small business owners without full-time employees, and is one of the most flexible retirement accounts... read more →
As a successful self-employed professional, you've mastered your craft. Whether you're an IT consultant, a marketing guru, or a freelance designer, your expertise commands a high income. But with that... read more →
Can I use my pension to fund a Solo 401(k)? Yes, you can fund a Solo 401(k) with your pension through a rollover. This transfer offers tax-deferred growth and more... read more →
Anyone who earns some form of self-employment income can establish a Solo 401(k) plan. In other words, even if you have a regular 9-5 job but do freelance graphic design... read more →
If you're a solopreneur or self-employed, Solo 401(k) loans can be a fantastic resource. These loans give you access to your retirement savings for personal or business needs without slapping... read more →
When it comes to retirement savings for self-employed individuals and small business owners, choosing the right plan can significantly impact long-term financial security. Two of the most common options are... read more →
A Solo 401(k) is one of the most powerful retirement plans available for the self-employed and small business owners. It allows high contributions, flexible investment options, and even the ability... read more →
When Did the 401(k) Start? – Key Historical Milestones Before we dig deeper, here's a quick timeline of the Solo 401(k) history: YearMilestoneWhat Happened2001Solo 401(k) ExpansionThe Economic Growth and Tax... read more →
As a solopreneur, every dollar you earn and invest has to work harder for your future. The IRS gives you powerful opportunities to save for retirement in tax-advantaged accounts, but... read more →