Solo 401(k) plans provide options for self-employed

12/10/2007 | Motley Fool, The

Solo 401(k) plans aren't just for the self-employed, Elizabeth Brokamp writes in a Motley Fool column. The plans are also options for traditional workers who operate side businesses. Participants can currently set aside up to $15,500 in contributions plus 25% of their yearly business revenue if they're incorporated, or 20% for sole proprietors.

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