Self-Employed? Discover the 401(k) Plan That Could Double Your Retirement Funds!
Retirement planning is crucial to financial security, especially for self-employed individuals and small business owners. A one-participant 401(k) and a solo 401(k) stand out as excellent retirement savings options for this demographic. Let’s dive into the details of this plan, its contribution limits, and how it can significantly benefit your retirement strategy. What is a One-Participant 401(k)? A one-participant 401(k) is tailored for sole proprietors, freelancers, and small business owners without employees, except possibly a …