August 10, 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.
Ocho Learning Center
September 29, 2023
Retirement Plan Options for YouTubers, Influencers, and Creators
The creator economy is booming. In a 2022 survey, 30% of surveyed 18 to 24 year olds and 40% of 25 to 34 year olds considered themselves as content creators. In total, about 200 million people worldwide considered themselves as creators. But while the rise of solopreneurs is a positive thing, many creators are wondering […]
September 29, 2023
Retirement Plan Options For Business Owners & The Self-Employed
Self-employed individuals and business owners have access to a wide variety of special retirement plan options designed specifically for them. There are five different retirement accounts you can choose from. While a traditional or Roth IRA can be opened by anyone with earned income, the solo 401k, SEP IRA, and SIMPLE IRA are only for business […]
September 29, 2023
The Best Retirement Plan Options for Freelancers
A staggering 36% of the US workforce were employed as freelancers in 2022, and this number is expected to grow to 50% by 2027. Out of 164.3 million people in the US labor force, 70.4 million have stated they worked as freelancers either full-time or as a part-time side hustle on top of their day […]
September 27, 2023
How To Open A Solo 401k Plan (Step-by-Step)
Overview Any self-employed individual or business owner with no employees can open a solo 401k plan. All business entities are eligible and there are no minimum revenue requirements. As long as you have business activity with no employees (besides your spouse), you can open a plan with a provider. Here are the steps to open […]
September 27, 2023
35 Companies With The Highest 401k Employer Match In 2023
The top companies in the world offer generous 401k employer matches in order to attract top talent and to encourage their employees to participate in their 401k plan. What is 401k employer matching? An employer match is an additional contribution made by an employer towards an employee’s 401k plan. Many employees consider it as free […]
September 27, 2023
The 60 Day Rollover Rules Explained
OVERVIEW What is a 60 day rollover? A 60 day rollover is another name for an indirect rollover. When you’re rolling over funds from one retirement plan to another, you get the option to choose between a direct rollover and an indirect rollover. Because of the 60-day period, an indirect rollover is also known as […]
September 27, 2023
Solo 401k Rollovers Explained (How It Works, Benefits, and Rules)
OVERVIEW A rollover is one of the fastest methods of funding your solo 401k account. You’re allowed to rollover assets from almost any retirement account, and there are no limits on how much you can rollover. If you’re considering a solo 401k rollover, let’s go through how it works and why you should consider moving […]
How To Rollover A 401k Plan To A Solo 401k
Rollovers of a 401k are typically done when an employee is no longer departs from an employer. If you’re eligible for a solo 401k, rolling over a 401k into a solo 401k could give you some immediate benefits and tax-advantages that your old company 401k never had. It comes with a wider range of investment options […]