Last Updated: May 1, 2026. Disclaimer: The following information is based on currently available guidance related to the proposed retirement savings initiative and existing Saver’s Match rules under federal law. Retirement and tax rules can change rapidly, so always consult a licensed CPA, enrolled agent, or financial advisor before making major financial decisions. If you’re … Read more
Disclaimer: The following information is for educational purposes only and aggregates public user feedback. It does not constitute financial advice. Always consult a certified financial planner or CPA regarding retirement accounts. For independent contractors, freelancers, and sole proprietors, selecting a brokerage for a Solo 401(k)—also known as a Self-Employed 401(k) or Individual 401(k)—is a standard … Read more
If you are a freelancer, independent contractor, or small business owner with zero full-time employees, opening a Solo 401(k) is one of the smartest financial moves you can make. And when it comes to zero-fee providers, Fidelity is consistently ranked at the top of the list. (Note: If you are still weighing the pros and … Read more
Let’s be honest: when you first start out as a freelancer or gig worker, retirement is usually the absolute last thing on your mind. You’re focused on landing the next client, hitting your weekly Uber earnings goal, or just figuring out how to pay your quarterly estimated taxes without draining your checking account. But eventually, … Read more
When the government passed the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act, it introduced over 90 sweeping changes to how Americans save for retirement. While corporate HR departments scrambled to update their 401(k) policies, gig workers, freelancers, and independent contractors were largely left to figure out the complex new rules on their … Read more
📋 Key Takeaways The Solo 401(k) allows freelancers to contribute up to $72,000 in 2026 ($79,500 if 50+), sheltering massive amounts of tax. You do not need to be an LLC or S-Corp to qualify; sole proprietors reporting on a Schedule C are fully eligible. It utilizes a dual structure: an employee elective deferral ($24,500 … Read more
📋 Key Takeaways Gig workers can contribute up to $72,000 in 2026 through a Solo 401(k) — far more than any W-2 employee’s 401(k). You do not need an LLC to open a Solo 401(k) or SEP IRA — a sole proprietor with a Social Security Number qualifies. The SECURE 2.0 Roth Catch-Up Rule fully … Read more
