One Person 401K?

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  • zeros
    Senior Member
    • Dec 2006
    • 921
    #1

    One Person 401K?

    I was listening to a radio show where the host was talking about taxes, etc. He mentioned about a "One Person 401k." I didn't know a self employed person could have a 401K? Does anybody know anything about this? Am I behind the times?
    Tags: None
    • Lion
      Senior Member
      • Jun 2005
      • 4699
      #2
      2001

      2001 legislation made solo 401(k)s available for the self-employed to save more for retirement. I don't use it and don't have any clients who do, so can't tell you much more. Google for an overload of information.

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        • geekgirldany
          Senior Member
          • Jul 2005
          • 2359
          #3
          I've got one that has a Solo 401K. But he hired an employee this year so it all had to be changed to a regular 401K.

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