Mark Kohler clears up four myths about solo 401(k)s: you can have one alongside an employer 401(k), your spouse can contribute to yours, you can hold multiple retirement accounts at once, and solo 401(k)s can invest in far more than just stocks.
Let's debunk a few myths. Number one, you can have a work 401k if you have a day job and a solo 401k. Number two, your spouse could have a day job and participate in your solo 401k. In your small business, you can have an IRA and a solo 401k and a work 401k, you can have all three. Nothing wrong with that. And number four, see if you can come up with format. I'm going to do number four. I got some more. You can invest your solo 401k and anything you want. It does not have to be in Wall street marketable securities.
The secret to managing your family's future #financialfreedom #estateplanning #shorts
Moving Property to an LLC: What They Don't Tell You #realestate #investing #tips
