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  2. What is a solo 401(k)? A great self-employed retirement option

    www.aol.com/finance/solo-401-k-great-self...

    The plan allows one-person businesses to establish a 401(k) with a participating brokerage and save up to $23,000 annually (in 2024) as elective deferrals, in the same way that participants in a ...

  3. Best retirement plans for the self-employed - AOL

    www.aol.com/finance/best-retirement-plans-self...

    SIMPLE IRA. The SIMPLE IRA is an easy way for small employers, including the self-employed, to offer employees a retirement plan. The SIMPLE IRA can be easier for an employer to set up than many ...

  4. Roth solo 401(k): What it is and who should get one

    www.aol.com/finance/roth-solo-401-k-one...

    A Roth solo 401 (k) is a special kind of solo 401 (k) account that allows participants to make after-tax contributions. The biggest benefit is that the contributions can grow on a tax-free basis ...

  5. Solo 401(k) - Wikipedia

    en.wikipedia.org/wiki/Solo_401(k)

    A Solo 401 (k) (also known as a Self Employed 401 (k) or Individual 401 (k)) is a 401 (k) qualified retirement plan for Americans that was designed specifically for employers with no full-time employees other than the business owner (s) and their spouse (s). The general 401 (k) plan gives employees an incentive to save for retirement by ...

  6. 401(k) - Wikipedia

    en.wikipedia.org/wiki/401(k)

    401 (k) In the United States, a 401 (k) plan is an employer-sponsored, defined-contribution, personal pension (savings) account, as defined in subsection 401 (k) of the U.S. Internal Revenue Code. [1] Periodic employee contributions come directly out of their paychecks, and may be matched by the employer.

  7. Cafeteria plan - Wikipedia

    en.wikipedia.org/wiki/Cafeteria_plan

    A cafeteria plan or cafeteria system is a type of employee benefit plan offered in the United States pursuant to Section 125 of the Internal Revenue Code. [1] Its name comes from the earliest such plans that allowed employees to choose between different types of benefits, similar to the ability of a customer to choose among available items in a ...

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