by John Hyre, Dyches Boddiford & Dorsie Boddiford Kuni
With professional review from the nation’s top custodians
The Solo 401k is not a new type of plan, but this particular retirement plan has gone through a lot of changes in the past few years. These changes can strengthen the power of your wealth building and optimize your contributions to your retirement accounts.
Like an IRA, a 401k can be self-directed and can participate in many different types of investments.Â However, the Solo 401k has many advantages over other retirement plans. For example, the Solo 401k has no income restrictions for Roth Component contributions, and contributions to a Solo can be 2x, 3x, 4x+ higher than limits for an IRA. The prohibited transaction penalties are also much kinder in the Solo 401k vs. the IRA.
Other topics discussed in this book include:
>>> Newly Revised Edition Includes: