Solo-K Qualification

Hobbies – Is not Self-Employment

Qualifying for a Solo-K (also known as an Individual K, Uni-K or Self-Administered 401(k) is not difficult but, there are some activities that the IRS does not consider to be active by nature…and, hobbies are not considered self-employment activities…with a caveat! The IRS has provided some tips on when your “activity” may not actually be self-employment activities, rather a hobby….read more →

Solo 401k – Defined and Eligibility

Perfect for the Business Owner that has no common law employees! The Solo 401k (self-directed) is a plan that can be utilized by a sole proprietor, partnership, S-Corp or C-Corp. It is a retirement plan that allows the business owner with no common law employees the ability to contribute to their plan at the highest levels (based on corresponding income)…read more →

Is the Solo-K Best for the Self-Employed Individual?

For the self-employed individual, there are various retirement plans that may be of interest.  There is always the question: is the Solo-K best for the self-employed individual?   For this blog, we are not going to be comparing different plans.  What we will address are some key components to the Solo-K that you should certainly consider in your selection of the…read more →