This Solo 401K overview has been updated with information for the 2023 & 2024 tax years. 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
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