As an owner of a business, choosing a solo 401k plan is an excellent way to save money for retirement. You have higher contribution limits than other options, including IRAs and there are other features you might need to take advantage of, such as the ability to take out a loan if your business has a down year. However, many business owners are still choosing traditional 401k plans that invest in stocks, bonds, and mutual funds. While this type of 401k is better than nothing, if you really want to make the most of your retirement, you should consider a self-directed solo 401k plan. This kind of 401k plan, also referred to as a … [Read more...]