Ocho Learning Center

Solo 401k
May 24, 2023
What Is A Solo 401k?

The highest contribution limits, ability to invest in any asset class with tax-free compounding, and a supersized Roth account.

Business +1 Taxes
May 31, 2023
What Are The Different Types Of Business Entities?

When you’re starting a business, choosing the business structure that you’ll operate under is one of the first important decisions you’ll have to make. It’s important to choose the right entity for your situation because there are different administrative, tax, and legal ramifications for each one. There are over a dozen different types of business […]

Taxes +1 Accounting
May 26, 2023
A Simple Guide To Making Financial Forecasts For Your Business

Whether you run a 7-figure business or a small weekend side hustle, financial forecasting helps you to predict how your business will perform financially in the future. It helps you to plan ahead, set expectations and goals, make smarter decisions, and is necessary to have if you ever decide to raise funding for your business. […]

solo 401k no longer self-employed
Solo 401k
May 24, 2023
No Longer Self-Employed. What Happens To My Solo 401k?

OVERVIEW There are only two eligibility requirements for a solo 401k: Business owners with any type of business entity can open a solo 401k as long as they generate income and they don’t have employees. But what happens if you decide to hire a full-time W-2 employee, and you’re no longer self-employed? Can you keep your account, or […]

sep ira vs solo 401k
Solo 401k +1 SEP IRA
May 24, 2023
Solo 401k Vs SEP IRA

OVERVIEW The solo 401k and SEP IRA are retirement accounts created for small business owners and self-employed individuals. Both have the same contribution limits, offer tax-free compounding on investments, and all business entities are eligible. A solo 401k offers more tax advantages than a SEP IRA, but has stricter eligibility requirements. Depending on your business, one might make […]

Solo 401k +1 Roth IRA
May 24, 2023
Roth IRA Vs Roth Solo 401k

SIMILARIES DIFFERENCES Both the Roth Solo 401k and the Roth IRA are funded with post-tax dollars. You contribute with income that’s already been taxed, but you don’t pay any taxes when you withdraw from either of the two accounts in retirement. In other words, your money compounds tax free, and then you get to keep […]

open 401k without employer
Solo 401k +1 401k
May 24, 2023
How To Open a 401k Without An Employer

A 401k is an employer-sponsored retirement plan. Without an employer, you cannot participate in a traditional company 401k plan. However, there are some strong alternatives that offer even better benefits and tax-advantages than a normal 401k. Perhaps you’re already employed, but your company just doesn’t have a 401k plan that they offer to employees. 401k […]

s corp solo 401k
Solo 401k
May 24, 2023
Can An S Corporation Open A Solo 401k?

Any business entity is eligible to open and contribute to a solo 401k plan as long as they meet the general solo 401k eligibility rules. An S corporation is also allowed to open a solo 401k, but there’s one additional eligibility rule if it has multiple shareholders. Here’s everything you need to know about opening a solo […]