Everand Logo

Welcome to Everand!

  • Kiplinger

    How Much Can You Contribute to a Solo 401(k) for 2020?

    by the editors of Kiplinger's Personal Finance Jan 10, 2020 2 minutes

    If you're self-employed, you can still save for retirement through a 401(k) plan. A solo 401(k) (a.k.a., an individual 401(k) or a one-participant 401(k)) is designed for self-employed people who have no employees other than a spouse. Small-business owners can squirrel away much more for retirement in a solo 401(k) than they can in a or even a --another generous retirement

    You’re reading a preview, subscribe to read more.

    More from Kiplinger

    Kiplinger5 min read
    4 Steps for Managing Income Withdrawals in Retirement
    If you’re like most Americans nearing retirement, you’re worried about whether you have enough savings. In fact, only 22% of those approaching retirement believe they’ve saved enough to retire comfortably. At a time when the stock market is down, inf
    Kiplinger5 min read
    What You Need to Know About Life Insurance Settlements
    Your life insurance monthly premium can start looking less and less appealing once you’ve retired. It’s a scenario Dan Simon, a retirement planning adviser with Daniel A. White & Associates in Middletown, Del., has seen quite often, even with his own
    Kiplinger3 min read
    Using Your 401(k) to Delay Getting Social Security and Increase Payments
    Although you can start collecting Social Security at age 62, you can get much higher monthly payments if you wait as long as age 70. But many people want to or must retire before 70. If you’re one of them, consider a possible strategy, backed by rece

    Related Books & Audiobooks