Solo 401K

The self-directed Solo 401k (also known as Individual K or Owner-Only 401k) is the ultimate qualified retirement plan for those who work for themselves and have no full-time employees other than their spouse. Self-employed individuals can qualify regardless of their business capacity or structure (e.g. sole proprietorship, partnership, LLC, corporation, independent consultant, etc.).

You may qualify for the Solo 401k if you meet two eligibility requirements:

1. The presence of self-employment activity
2. The absence of full-time employees