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by wjy
5747 days ago
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You're exactly right. As a sole proprietor, I can save WAY more in my own 401k than I could at any previous employer. I think about 3x more. It's known as a "Solo 401k", adapted to suit the needs of one person's (or a married couple's) needs. It mostly means less administrative hassle. But the contribution limits are much higher. |
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