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Question

What is a Solo 401(k) and how does it work for self-employed agents?

Answer

A Solo 401(k) is a retirement plan designed for self-employed individuals with no employees, allowing contributions as both employer and employee for potentially higher savings. It offers Roth options, catch-up contributions for those 50+, and the ability to borrow against your balance.

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Last Updated May 20, 2026
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