Directed IRA Podcast
Directed IRA Podcast
Mat Sorensen and Mark Kohler
What Is A Solo 401(k)?
31 minutes Posted Sep 19, 2024 at 5:00 pm.
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Show notes
In this episode, Mat dives into one of his favorite retirement strategies—the Solo 401(k). Whether you're a full-time entrepreneur or running a side hustle, this account is designed specifically for self-employed individuals with no employees. The Solo 401(k) allows you to contribute up to $69,000 per year, with options for both Roth and traditional dollars.We'll break down everything you need to know, from qualifying for a Solo 401(k) to setting it up and managing it. How does it compare to ...