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    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?

    #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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      #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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