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Asked 11/27/2006
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does any1 know about 401k Plans for the Self-Employed? I am a self employee for my S Corp..was looking into 401k plans for saving some $ |
Answer 1/3 - Submitted 11/27/2006
Answer 2/3 - Submitted 11/27/2006
Google is quite the useful tool.
Type in 401k self-employed and the information is limitless.
I am surprised that more people do not use this function to find info.
Check this link: explains some of the benefits that Solo 401k plans offer
https://www.bcmadvisors.com/retirement_plans/solo- 401k.htm
Answer 3/3 - Submitted 11/27/2006
You'll want to open a SEP IRA. That'll give you lots of flexibility and allow pretty good tax deductions with a higher limit than a 401K.
As another person mentioned, you might try typing in SEP IRA into a GOOGLE search.
If you have other questions, let me know. Good luck!
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