4 Reasons Freelancers and the Self Employed Should Consider Individual 401k Plans

“Save your money. You’re going to need twice as much money in your old age as you think.” — Michael Caine If you’re self-employed and trying to boost your retirement savings, Solo 401(k) plans are a potential option. Solo 401(k) plans are qualified retirement plans for self-employed professionals and business owners with no employees other than a spouse. These plans have gained popularity because of investor-friendly features and higher contribution limits than traditional retirement accounts. The biggest limitation on a Solo 401(k) plan is its eligibility criteria. You must have some…

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