3 ms·
Wealth Multiplier Protip: if you're a business owner (even if your business is just a single person LLC) you can put away up to $56K a year pre-tax into your "s
by m0zg 8y ago
Wealth Multiplier Protip: if you're a business owner (even if your business is just a single person LLC) you can put away up to $56K a year pre-tax into your "solo" 401k.
- tunesmith 8y agoIf you're a solo business owner, do NOT forget about Form 5500. Your payroll company and 401k host will likely not tell you about it.
- cimmanom 8y agoDo you need to find an administrator for the solo 401k? How does one set that up?
- m0zg 8y agoGo to Fidelity or Vanguard, and look up Solo 401k. Fees are pretty minimal, especially with Vanguard.