The Best Kept Secret: Solo 401(k)

Hi there! Let’s talk about the Solo 401(k)—a powerful retirement plan designed for self-employed individuals and small business owners with no full-time employees other than themselves and their spouse.  

A Solo 401(k) allows you to contribute as both the employee and the employer, which means you can save significantly more than you can with traditional retirement accounts. In 2025, you can contribute up to $70,000 or $81,250 if you're between ages 60 and 63 and eligible for catch-up contributions.  

You can choose between traditional pre-tax or Roth after-tax options, giving you flexibility in how your money is taxed now and in retirement. A Solo 401(k) also allows for self-directed investing—meaning you can invest in real estate, tax liens, private lending, and more. If you're self-employed and want to supercharge your retirement savings, the Solo 401(k) might be one of the best-kept secrets.   Have questions about prohibited transactions? Schedule a free consultation with our team today.

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