401K Plans For Self-Employed Indiviudals

Solo 401k plans are special plans for self-employed individuals. In this day and time, everyone needs some kind of requirement savings plan. Self-employed individuals should have an opportunity to gather money for when they require. Solo 401K plans give this opportunity to business owners who have no more than one employee with W-2 earnings.

These specialized plans come with many benefits. A member can take loans on the 401k in cases of emergency. He or she can also contribute large amounts of money, as the contribution limits are very high. Additionally, certain types of these special 401k plans are tax deductible. Therefore, the individual can save money at the end of the year.
More info: Solo 401k Plans

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