Do you know how to pick a 401k plan administrator? This post will teach you exactly what you need to consider to make your choice. Your Solo 401k comes with additional responsibility compared to other retirement plans (like IRAs and SEP IRAs).  One additional responsibility is plan administration.  The administrator is responsible for making sure...

Your contributions to your Solo 401k don’t just reduce your taxable income, they are make you eligible for extra tax credits and deductions.  Adjusted Gross Income (“AGI”) is often the input in determining whether you are eligible for tax credits and deductions.  Accordingly, the lower your AGI the more likely it is you will be...

If you are a solopreneur who fell in love with another solopreneur then congrats!  You are well on your way to a spousal Solo 401k.  You can both set up your own Solo 401k and build tax-advantaged wealth faster than your friends who are employees.  But what if you are a solopreneur who fell in...

A solopreneur has a significant advantage when it comes to retirement planning.  Unlike an employee, a solopreneur has wide latitude with what kind of plan they may use.  They also have the ability to be very generous to themselves or skip the plan altogether, and they may change their minds from year to year.  Two...

What is the best retirement plan for solopreneurs? It’s high time to implement best retirement plan you’ve never heard of: the Solo 401k. So, you’ve got a high cash flowing business and you know you need to take the next step to make certain that you keep as much control over that cash as possible....