Roth Solo 401(k)
The Individual 401(k) has the option to be set up with the added benefit of Roth-like tax-advantages.
Contribution limits to the Roth Individual 401(k) are the same as the Individual 401(k), but you designate them as Roth contributions. Those contributions won’t be eligible for a tax-deduction, but qualified withdrawals from the Roth Individual 401(k) are tax-free.
- Investments can compound tax-free
- Higher contribution limits for tax-advantaged retirement investing
- Opportunity to maximize contributions through employee and employer contributions