Is a Solo 401(k) Right for You?
You probably won't miss much when you say goodbye to your traditional 9-to-5, but one of the things that you might regret leaving behind is your 401(k). You could struggle to save enough for your future if all you have is an IRA. But there is another option: a solo 401(k).
These accounts are similar to traditional 401(k)s, but they're specifically designed for self-employed workers with no employees. You essentially act as employee and employer, which enables you to contribute far more money than you could even to the regular 401(k) you may have had with your former employer. Here's how to decide if it's right for you.
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Source Fool.com
