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Home > Tell me all you know about Solo(401)k plans...

Tell me all you know about Solo(401)k plans...

November 26th, 2009 at 08:49 pm

Or at least share with me what you think the most important aspects are. In lieu of that, URLs for websites with good information on the Solo401(k) would be helpful. I've been reading about them today and the Solo might be a good option for us. It's at least something to consider...

One thing I want to know is this - how does one go about finding an entity to set it up? That still has me a little puzzled.

Posted in Uncategorized | 4 Comments »

4 Responses to “Tell me all you know about Solo(401)k plans...”

  1. LuxLiving Says:
    November 26th, 2009 at 11:48 pm 1259279308
    1259279308

    http://www.mymoneyblog.com/archives/2008/11/vanguards-new-self-employed-roth-401k-plan-review.html

  2. thriftorama Says:
    November 27th, 2009 at 02:37 am 1259289447
    1259289447

    We have one. It's a SEP-IRA (for self-employed IRA). We set it up through Charles Schwab. Any brokerage you prefer will do. Basically, we can contribute up to 20 percent or so of our self-employment earnings, after expense deductions, each year. It's saved us a ton in taxes and allowed us to save more than we would be able to in a regular IRA.

  3. scfr Says:
    November 28th, 2009 at 04:32 am 1259382745
    1259382745

    We also have a SEP-IRA. Ours is through Vanguard.

    https://personal.vanguard.com/us/whatweoffer/smallbusiness?Link=whatweoffer_smallbusiness_Level2Nav

  4. LuxLiving Says:
    November 29th, 2009 at 09:47 pm 1259531221
    1259531221

    Here's a good place - at their online university to learn more:

    http://www.investorguide.com/igu-article-904-business-strategy-being-a-savvy-investor-and-a-small-business-owner.html

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