What are the key features of a Solo 401(k) plan?

Key features of a Solo 401(k) include:

 

- High Contribution Limits: As mentioned, you can contribute both as an employee and employer.

- Tax Advantages: Contributions can be made on a pre-tax basis (traditional) or after-tax basis (Roth).

- Loan Options: You may borrow up to 50% of your account balance, up to $50,000, for personal use.

- Investment Flexibility: You can invest in a variety of assets, including stocks, bonds, and real estate.