Save Big on Taxes with a Solo 401K
A Solo 401k plan is easy to setup, flexible and can be funded with tax-deductible contributions up to $58K, about 10X higher than an IRA.
Until 2021 tax year contribution deadline
Who Qualifies For A Solo 401k?
To qualify business owners must meet 2 criteria:
With Nabers, setting up your Solo 401k is easy
When you claim your tax deduction today you'll also receive these additional benefits 🎉
"THIS is the place to establish your Solo 401k"
Frequently Asked Questions
You must meet 2 requirements to open a Solo 401k:
1) Entrepreneurship – This can be working as a freelancer, independent contractor, or business owner. This can be in the form of a sole proprietor or a formal corporation or LLC. Your entrepreneurship can be brand new, part time, or full time.
2) No full time employees – If you pay yourself a W2 paycheck that’s fine, but no outside W2 employees who work 1000+ hours a year.
Yes, it is possible for your spouse to participate in your Solo 401k, without having to create another Solo 401k plan. He/she will be able to rollover and contribute funds alongside you.
This also means you and your spouse can combine your retirement funds for investments, which is illegal in IRAs.
No. Because you don’t need a custodian, you also don’t need to create a “checkbook control” LLC. Your “checkbook control” feature is built in to your Solo 401k.
This saves you fees, delays, and the potential of getting into compliance trouble as most self directed IRA fraud happens in custodian accounts.
Yes! Your Solo 401k can buy Bitcoin, Ether, Litecoin, Dash, and thousands of other cryptocurrencies. It’s the fastest growing asset class in the world, and you can tap into a market that has grown over 1000% in the past year, using your Solo 401k.
Yes! ROTH is a special tax treatment that allows you to not only grow your money tax free, but make retirement distributions tax free as well.
You can have traditional and Roth funds all in one Solo 401k, and your spouse can too. This means it’s like 4 retirement accounts in one.