The perks of self-employment are plenty, but there’s at least one significant drawback: the lack of an employer-sponsored retirement plan like a 401(k). Enter the solo 401(k), or what the IRS calls a one-participant 401(k). Designed for self-employed workers, this account mimics many of the features of an employer-sponsored plan, without the drag of working...
The article What Is a Solo 401(k)? originally appeared on NerdWallet.
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