The Solo 401(k) - A Brief Highlight

Here is another fantastic and exciting retirement plan, the Solo 401(k)

Simply put a solo 401(k) is a retirement plan for self employed people.

Contribution limits of $46,000.00 ($15,500 as employee, and 25% of compensation as employer up to $30,500.

Additional $5000 contribution catch-up for anyone over age 50

Can invest in stocks, bond, mutual funds, real property, raw land, real estate options, tax liens, debt, promissory notes, entities, livestock, and more.

Can have checkbook control over the investments

Can self manage the plan without a custodian

Requirements:

Self Employment Activity

Cannot employ others