Solo 401(k): Your Most Powerful Investment Tool
Combine the tax savings benefits of a Self-Directed IRA with specialized benefits created specifically for the small business owner. Introducing the Solo 401(k), specifically designed for the self-employed business owner, and works much the same way as SEP IRAs and traditional 401(k) plans. Unlike other retirement plans, the Solo 401(k) is strictly for sole proprietors who have no employees (although your spouse may contribute if he or she earns income from your business).
HIGH CONTRIBUTION LIMITS
The Solo 401(k) enables individuals the ability to contribute up to 10x the amount of Traditional and Roth IRA owners.
While typical IRAs offer no participant loan feature, the Solo 401(k) allows participants to borrow up to 50% of their account value not to exceed $50,000.
FLEXIBLE CONTRIBUTION OPTIONS
Contributions to a Solo 401(k) are discretionary. You have the ability to reduce or suspend contributions to the plan altogether.
The Solo 401(k) Plan contains a built-in Roth "bucket" allowing participants the ability to make Roth Contributions without income restrictions