Retirement tax questions
The instructions in the link will take you step-by-step to enter your solo 401(k) contributions. Make sure to select 'Maximize Contribution to Individual 401(k)'.
A one-participant 401(k) plan is sometimes called a:
- Solo 401(k)
- Solo-k
- Uni-k
- One-participant k
The one-participant 401(k) plan isn't a new type of 401(k) plan. It's a traditional 401(k) plan covering a business owner with no employees, or that person and his or her spouse. These plans have the same rules and requirements as any other 401(k) plan.
@Nomanation
