Tax Tip of the Week – Solo 401k

If you are a self employed individual, a single member LLC, or a corporation that only employs yourself (or you and your spouse),
you are eligible to form a Solo 401k. This is a simple version of the most popular retirement vehicle which is used by most large employers.

You may be able to shelter considerably more money than in a SEP (Simplified Employee Pension Plan). Ask a Certified Public Accountant if
this is the ideal retirement plan for you.


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