If you work for yourself, the Solo 401k provides more investment options, the highest contribution limits, and the lowest fees of any fully self directed retirement plan.
Setting up a Solo 401k retirement plan is easy and allows for tax-deductible contributions much larger than an IRA or standard 401k. Plus it puts you in control with access to a world of alternative investment options.
Your Solo 401k makes you the CEO of your money with access to a full range of investment options so you can grow your money faster.
Your Solo 401k is four accounts in one, and there are no transaction fees or rollover fees.
Contribution limits are based on net earnings from self employment. The more you earn from self employment, the bigger the tax deduction you get for saving and investing for your future.
The difference this can make in your finances is significant due to the effects of larger contributions and a higher growth rate.
* Illustration assumes net earnings from self employment of $148,000/yr, maximum Solo 401k contributions of $56,000/yr and investment growth of 12%/yr with alternative investments; compared to maximum contributions into IRA of $6,000 and SEP IRA of $37,000 with compound annual growth rate equal to that of S&P 500 in 2000-2018, including dividends, which is 4.83%.