Financial Tip of the Day
Business Owners/Self-Employed, take advantage of Solo 401Ks. If you are self-employed or are the sole owner of your business, the Solo 401K may be an excellent retirement savings option for you. If you happen to be a sole proprietor, independent contractor, or consultant, this option is available and you can sock away plenty of money for retirement too!
Since Solo 401ks allow you to contribute as both employee AND employer, you can potentially save more than DOUBLE the amounts allowed by traditional employer sponsored 401k’s. Whoopee! For more info on what they are and how they work, read on: What Is a Solo 401(k)?
P.S. – Write down your daily business vision, financial goals, and personal dreams in your very own “My Abundant Money Book.” Journal your way to success! Get it here: Shop.