What is a Solo 401k Anyway? - Retygo.com

A Solo 401k plan is a Qualified Plan defined by Section 401(a) of the Internal Revenue Code and is encouraged by the IRS for the gig economy and owner-only businesses to save for retirement. Other aliases: Individual 401k , Self-employed 401k , One-participant 401k The plan was created for self-employed workers and their spouse to participate. Whether you are an independent contractor, freelancer, gig worker, or otherwise in a business for yourself, this is the best tax-advantaged retirement vehicle for you. Sole Proprietors Partnerships Single-member LLC Multi-member LLC PLLC S Corp LEARN MORE at Retygo.com https://retygo.com/overview