Please ensure Javascript is enabled for purposes of website accessibility
Search
Accessibility Menu

Solo 401(k) Plans for the Self-Employed in 2025

By Kailey Hagen – Updated Nov 18, 2024 at 4:38PM

Key Points

  • Solo 401(k)s allow self-employed workers to save for retirement, acting as both employee and employer.
  • Self-employed individuals can contribute up to $69,000 in 2024, increasing to $70,000 in 2025.
  • Solo 401(k)s offer both traditional and Roth options, impacting tax treatment of contributions and withdrawals.
Key findings are powered by ChatGPT and based solely off the content from this article. Findings are reviewed by our editorial team. The author and editors take ultimate responsibility for the content.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.