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Knowledge Base Article #2

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By user, 5 years ago

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Retirement Savings Calculator

The best retirement plan for your business depends on several factors. My401K may or may not be the right fit for you. Let’s determine your best option.

Self-employment income:	Deductions:
I am 100% self-employed
I am over 50 years old*	*Catchup contributions allow seniors to contribute another $6000/year
I am married*	*Your spouse may have a separate Individual 401(k), doubling potential contributions
My spouse is over 50 years old

	Calculate Savings

	Sep IRA	Basic Solo 401(k)	Self-Directed Solo 401(k)
After tax earnings
Maximum Contribution

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