When you’re ready to start saving for your retirement years, you are going to learn that there are many retirement plans to choose from. You will certainly read about IRAs and traditional 401k plans, but if you’re a business owner, you will want to learn about the individual or solo 401k. This is because this plan is specifically geared toward the retirement needs of business owners who do not have any employees except for possibly a spouse. The individual 401k limits make this type of retirement plan very popular when compared with IRAs because they are much higher. In addition, individual 401k plans have other benefits that make them an … [Read more...]