What Is A Solo-401k And How Does It Work?
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What Is A Solo-401k And How Does It Work?

Byadmin

What is a Solo-401k? A solo-401k is a type of retirement account that is similar in nature to the regular 401k. The biggest difference is that while regular traditional and Roth 401ks are employer-sponsored retirement accounts, solo-401ks are a type of 401k that you can open when self-employed. The solo-401k also has the option of…

Traditional and Roth 401ks – What Are They and What Are Their Benefits?
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Traditional and Roth 401ks – What Are They and What Are Their Benefits?

ByMichael Gomez

What are traditional 401ks? There are two different types of 401ks. There is the traditional and the Roth 401k. They are both classified as tax-deferred accounts. The money you invest in traditional 401ks is typically money that comes out of your regular paycheck before you pay the usual federal, state, and FICA taxes. This means…