Weak economy strengthens the incentive for a Solo 401k

This is quite a simple concept so this post will be very brief.

  • Our weak economy has brought very high inflation: currently 13% per year.
  • Future dollars are worth much less than dollars today.
  • With a Solo 401k you can make tax-deductible contributions to your retirement plan in today’s dollars and pay taxes later in less valuable dollars.
  • Successful entrepreneurs and self employed individuals can contribute $46,000 per year or more to their Solo 401k.

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