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
📋 Key Takeaways No, Uber does not offer a 401(k) because drivers are classified as 1099 independent contractors, completely disqualifying them from traditional corporate retirement benefits. Being an independent contractor allows you to open a Solo 401(k) or SEP IRA, unlocking contribution limits of up to $72,000 for 2026—much higher than a W-2 employee’s 401(k). … 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
