What Is A Solo 401(k)?

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 a SEP or traditional IRA? What are the key differences? And most importantly, how can you make the most of this powerful retirement tool?

Special Offer: Right now, you can save $100 on Directed Custody’s Solo K accounts, plus enjoy 50-$100 off plan setup with KKOS Lawyers. Don't miss out on this deal—click here: https://kkoslawyers.com/401k-special-2024/ to learn more and start saving today!

Directed IRA Homepage: https://directedira.com/

Directed IRA Explore (Linktree): https://linktr.ee/SelfDirectedIRA

Book a Call: https://directedira.com/appointment/

Other:
Mat Sorensen: https://matsorensen.com & https://linktr.ee/MatSorensen
KKOS: https://kkoslawyers.com
Main Street Business https://mainstreetbusiness.com