How do I set up a Solo 401(k) plan as a travel nurse?

To set up a Solo 401(k) plan, follow these steps:

 

1. Choose a provider that offers Solo 401(k) plans tailored to self-employed individuals.

2. Complete the necessary paperwork to establish the plan.

3. Obtain an Employer Identification Number (EIN) from the IRS, if required.

4. Fund your account by making contributions based on your earnings.

5. Start managing your investments according to your retirement goals.

 

By understanding these aspects of a Solo 401(k), travel nurses can effectively plan for their financial future while enjoying the flexibility of their profession.

 

Reach out to our affiliate, Cognis Retirement Group to schedule a call with a fiduciary advisor via a Zoom Call here: Schedule Call ; contact them by email: hello@cognisgrp.com or give them a phone call: (480) 364-7401.