This is the second of a multi-part series on retirement accounts for self-employment income. I previously gave an overview of SEP IRAs. In this article, I’ll provide an overview of Solo 401Ks. I have started and contributed to both a SEP IRA and a Solo 401K, which has given me experience with each. In a separate article I’ll also cover the SIMPLE IRA. Those who have or plan to have self-employment income (via 1099 income or otherwise) should hopefully find these overviews informative. What is a Solo 401K (Individual 401K)? The Solo 401K has a ridiculous amount of alternative names,
The post Solo 401K Basics for Self-Employment Income (For 2022 & 2023) appeared first on 20somethingfinance.com.