Solo 401(k) Plans | Episode 4 of The Legacy Lab

If you own a small business with no employees, saving for retirement can feel overwhelming. In this episode, we break down everything you need to know about Solo 401(k) plans—what they are, who qualifies, and how they can help you maximize your savings. We’ll cover contribution limits, tax advantages, and how to set up your own plan with ease. Tune in to learn why a Solo 401(k) could be the smartest retirement move for independent professionals and entrepreneurs. Listen in with Tamara Middleton, VP of Pensions, as the guest speaker on this episode along with Megan Davis and Ashley Simpson from RMC's Marketing Department. Learn the importance of securing financial stability for the future while understanding the concept of the Solo 401(k) plan as a tailored solution for self-employed professionals.​ Here's What You Will Learn: 1. What a Solo 401(k) plan is, its purpose, and eligibility criteria​ 2. How the high contribution limits of a Solo 401(k) compare to other retirement accounts 3. The flexibility of contributing both as an employee and employer to maximize retirement savings 4. Contribution Limits and Rules for a Solo 401(k) including catch-up contributions 5. Steps on how to get started and establish a Solo 401(k) 6. Gain an understaning on compliance and reporting requirements Learn more about this episode here: https://rmcgp.com/rmc-podcasts/ep.-4-... About The Legacy Lab The Legacy Lab is a podcast from RMC Group designed to help business owners better understand the decisions that can shape their businesses, their employees, and their futures. Learn more about RMC Group: www.rmcgp.com Follow RMC Group:   / rmc-group     / rmcgp     / rmcgp   #TheLegacyLab #RMCGroup #retirementplanning