I set up an S-Corp/LLC to manage my resale business and to accept designation of other significant income. The resale business is going rather well and the other significant income is .. well .. significant. I am over 50. And talking with my accounting, I believe I can contribute up to $56k to a Solo 401k.
My questions are a) are the better alternatives such as a SEP IRA than I should consider, and b) if the Solo 401k is the best, its there a go-to resource which helps get this done in a cost effective manner?
My questions are a) are the better alternatives such as a SEP IRA than I should consider, and b) if the Solo 401k is the best, its there a go-to resource which helps get this done in a cost effective manner?