What makes the Solo 401(k) Plan so great?

The Simplified Employee Pension (SEP-IRA) is commonly recommended by CPAs and financial advisors when it comes to retirement plans for self-employed business owners. Although it's fairly easy to understand and implement, the SEP-IRA can't compare to the Solo 401(k) when you compare the two on a feature-by-feature basis.  Let's take a look.

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As you can see, compared to the SEP-IRA the Solo 401(k) provides greater tax deductible contributions, a Roth contribution option, flexibility to take a plan loan, as well as no UBIT on leveraged real estate and the option of not having a Custodian involved in the mix at all.  Simply put, the Solo 401(k) is just a much better retirement plan option.

Who has set up a Solo 401(k)?

We have developed and implemented Solo 401(K) Plans for self-employed:

  • Software developers
  • Music/art/language teachers
  • Commercial real estate brokers
  • Residential real estate brokers
  • Garden plan/designer
  • Auto mechanics
  • Musicians
  • Airplane pilot instructor
  • Professional speakers
  • Freelance writers
  • Event planner
  • Graphic designer
  • Caterer
  • Pet groomer/dog trainer
  • Photographer
  • Personal shopper
  • Athletic coach/personal trainer
  • Medical/business consultants
  • Hairstylists
  • Architects
  • Attorneys
  • CPAs
  • Start-up business owners
  • Mobile auto repair technician
  • Psychologist


IWS has two Solo 401(k) plan service models to meet your needs

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Complete the appointment scheduler below to schedule a phone discussion or an in-person meeting  with Eric Wikstrom of Integrated Wealth Strategies, LLC.