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1 reply

Cindy4 12
Cindy4 12
May 22, 2024

Some things to consider:

  • Solo 401(k) plans have a potential higher contribution limits if earnings are high enough.
  • Are you going to have employees?
  • Access to funds are treated differently between an IRA and 401(k).  The 401(k) can be structured so that you can borrow against it.

 

Here is a great resource that may help you:  https://www.irs.gov/retirement-plans/retirement-plans-for-self-employed-people

 

Best wishes!

Cindy

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