There are only two weeks left in 2019. Where did the time go? That also means you have two weeks left to open a Solo 401k plan and qualify for 2019 contributions.
We have extended holiday hours through the rest of the year to help you get started with your plan as soon as possible. Through December 31st, we are open 7 days per week, including holidays.
Nabers Group is open all the way through December 31st to help you take control of your retirement funds by opening your own Solo 401k.
Have you experienced the following?
- You work for yourself, but pay a huge tax bill at the end of the year
- Your money is locked up in IRAs/401ks only earning 2-3% per year
- Need money for a startup or personal funds, but all of your savings are locked into a retirement account
- Want to get a 10-12% ROI on your investments
If so, you may want to consider opening a Solo 401k.
Every Nabers Group team member has invests with our own Solo 401k. That means we’re entrepreneurs. As such, we understand the unique challenges of small business ownership. And, we’re here to help you keep more of what’s yours.
You might only have two weeks left to open your Solo 401k, but it’s plenty of time with our proven time-saving account opening process!
Claim Your Tax Deduction
With a Solo 401k, you can put away up to $56,000 in tax deductible contributions. If you are age 50 or older, you can contribute up to $62,000. Are you married? If so, your spouse can make contributions as well. These huge tax deductions can help you grow your retirement nest egg, and pay less in taxes. It’s a win-win.
Grow Money Tax-Free
Every Nabers Group Solo 401k plan automatically includes a designated Roth sub-account. Therefore, you can grow the Roth portion of your retirement funds. Roth funds are special in that they grow tax-free. If you have your Roth Solo 401k open and funded for more than 5 years, and withdraw the funds after age 59.5, those withdrawals are completely tax-free!
Need time to think about using pre-tax versus Roth funds in your retirement plan? No problem, you’ve got time. As long as you open your Solo 401k in the next two weeks, you can decide over the next 4-6 months before making any contributions.
Two Weeks Until December 31st Deadline
According to IRS Publication 560, you must open your Solo 401k by December 31st, 2019 to capture 2019 tax contributions. Books not closed yet for your business? No problem! As long as you open your plan by December 31st, you have until you file your taxes to deposit your tax-deductible and Roth contributions.
Get Started Before It’s Too Late
To talk to a fellow Solo 401k owner, give us a call at 877-765-6401, send us an email at [email protected], or just jump on live chat on the bottom right of the screen.
Happy Holidays and here’s to a great new year!