#528 All Things Solo 401k
Update: 2024-09-17
Description
In this latest episode of the Main Street Business Podcast, hosts Mark J. Kohler and Mat Sorensen explore the Solo 401(k), detailing how self-employed professionals and small business owners can benefit from its substantial contribution caps and diverse investment opportunities, such as real estate and cryptocurrencies.
Here are some of the highlights:
- Mark and Mat breakdown how a solo 401(k) is key to building retirement wealth.
- Mark and Mat unpack the optimal order of investing: Company match, Roth IRA, HSA, then solo 401(k).
- Why the Solo 401(k) is ideal for high-income self-employed individuals.
- Cannot have solo 401(k) with full-time employees (1000+ hours/year)
- Spouse can have separate solo 401(k) if they have their own business
- Self-directing investments: Not limited to stocks, can invest in real estate, private companies, crypto
- Importance of maintenance and requirements: Track contributions, file Form 5500 when assets exceed $250,000
- Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo.
- You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360
- Curious what my new certification is all about? Learn More
- Looking to connect with a rock star law firm? KKOS is only a click away!
- Grab my FREE Ultimate Tax Strategy Guide HERE!
- Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler
- Craving more content? Check out my Instagram!
Comments
Top Podcasts
The Best New Comedy Podcast Right Now – June 2024The Best News Podcast Right Now – June 2024The Best New Business Podcast Right Now – June 2024The Best New Sports Podcast Right Now – June 2024The Best New True Crime Podcast Right Now – June 2024The Best New Joe Rogan Experience Podcast Right Now – June 20The Best New Dan Bongino Show Podcast Right Now – June 20The Best New Mark Levin Podcast – June 2024
In Channel