Flexible Retirement Plans for Sole Proprietors and Independent Professionals
If you own your own business and have no full-time employees aside from a spouse, a Self-Employed 401(k) also known as a Solo 401(k), offers unmatched retirement savings potential. As both employer and employee, you can make higher annual contributions while maintaining full control over your investments. At Allied Wealth Planners, we help you make the most of this plan with personalized guidance, straightforward setup, and strategies that reduce your tax burden.
Why Choose a Self-Employed 401(k) with Allied Wealth Planners?
We specialize in helping self-employed individuals take control of their financial future with plans that are flexible, tax-advantaged, and easy to manage.
Maximize Contributions
- We walk you through how to contribute both as an employee and an employer—allowing for larger annual savings.
Personalized Setup and Support
- We guide you through the setup process and ensure your plan stays compliant as your business grows or changes.
Investment Flexibility
- We help you choose from a wide range of investment options tailored to your goals and risk tolerance.
Access Guidance
- We advise on when and how to access your funds, including rules for loans and hardship withdrawals.
Who This Plan Is For
Freelancers, consultants, and sole proprietors
Business owners with no full-time employees (other than a spouse)
Single-member LLCs or side business owners
Entrepreneurs seeking tax-advantaged growth and investment control
High Contribution Potential
Contribute up to $23,000 in salary deferrals ($30,500 if age 50+), and up to 25% of income as employer—up to $69,000 total ($76,500 if 50+).
Tax-Smart Benefits
Pre-tax and Roth contributions available. Employer contributions are deductible, and funds grow tax-deferred.
Investment Control
Choose your own investment lineup—from mutual funds to ETFs and individual stocks.
Loan and Hardship Access
Depending on IRS guidelines and your plan setup, loans and hardship withdrawals may be available.
Interested in setting up a Solo 401(k)?
Let’s build your financial future on your terms.
Related Plans
Personal Retirement Accounts (IRAs)
Flexible retirement plans tailored to your individual needs. A great option if you’re starting to save or want to build long-term security on your own terms.
SEP IRA for Freelancers & Small Business Owners
A straightforward retirement plan that’s easy to set up and maintain. Ideal for self-employed professionals or small teams looking for flexibility and tax advantages.
Start-Up 401(k) for Small Businesses
A simple, affordable plan built for businesses launching a 401(k) for the first time. Easy to manage and designed for growing teams of up to 1,000 employees.
Let’s Get to Work
No matter where you are in your financial journey, we’re here to help you move forward with confidence. Start the conversation today!