While there are a lot of perks to being self-employed, one downside is that you no longer have the option to contribute to a group 401k plan. If you are the owner and sole employee in your business, a solo 401k plan can offer many similar benefits.
Our solo 401k calculator can help you determine how much to contribute and what your balance will be at retirement. For more details like yearly contribution limits and who can open this type of plan, read through our FAQ section below.
If you’d like to learn about the other savings programs available to the self-employed, head over to this page.