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#528 All Things Solo 401k
Manage episode 440433641 series 2918661
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!
챕터
1. Maximizing Solo 401k Contributions for Self-Employed (00:00:00)
2. Employee Qualifications and Solo 401k Eligibility (00:07:20)
3. Maximizing Solo 401k Contributions Strategies (00:13:45)
4. Solo 401k Contribution Timing and Strategies (00:23:57)
5. Solo 401k vs SEP IRA Comparison (00:29:27)
6. Solo 401k Rollovers and Maintenance (00:43:38)
540 에피소드
Manage episode 440433641 series 2918661
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!
챕터
1. Maximizing Solo 401k Contributions for Self-Employed (00:00:00)
2. Employee Qualifications and Solo 401k Eligibility (00:07:20)
3. Maximizing Solo 401k Contributions Strategies (00:13:45)
4. Solo 401k Contribution Timing and Strategies (00:23:57)
5. Solo 401k vs SEP IRA Comparison (00:29:27)
6. Solo 401k Rollovers and Maintenance (00:43:38)
540 에피소드
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