Retirement
Planning for retirement can feel overwhelming, especially when you’re self-employed or running a small business. That’s where Soloworker comes in. Our easy-to-use platform guides you through setting up a 401(k) retirement plan hassle-free.
Establishing a savings program for your retirement requires planning today for your future. Soloworker can help you participate in a Solo 401(k) program which is government-approved for the self-employed. With Soloworker, you can choose the right plan for your needs and customize it to fit your business and team. We handle the setup and ongoing management, so you can focus on what you do best – running your business.
Overview of Retirement Options
Soloworkers have several retirement plans to choose from:
Traditional and Roth IRAs: Individual Retirement Accounts (IRAs) are available to anyone with earned income. Traditional IRAs offer tax-deductible contributions, while Roth IRAs provide tax-free withdrawals in retirement.
SEP and SIMPLE IRAs: Simplified Employee Pension (SEP) IRAs and Savings Incentive Match Plans for Employees (SIMPLE) IRAs are designed for self-employed individuals and small business owners, offering higher contribution limits than traditional IRAs.
Solo 401k: This is a powerful option for freelancers. A Solo 401k offers high contribution limits and tax advantages, making it an excellent choice for self-employed individuals.
What is a Solo 401K?
A Solo 401(k) is a retirement plan for the self-employed. This is for freelancers, independent contractors, and small business owners. Your business can be a sole proprietorship or a formally structured LLC, C Corp or S Corp. There are a few eligibility requirements to invest in a solo 401(k). You must produce your income from your own business and the business must be run by you alone, or you and your spouse.
Our 401(k) programs offer flexibility, tax benefits, and seamless integration with your existing processes. Say goodbye to retirement planning stress and hello to a secure future with Soloworker by your side.