Bedrock Financial

A Solo 401(k) is worth looking into if you’re self-employed (or have a side hustle) and don’t have full-time employees—because it can be one of the fastest ways to build serious tax-advantaged wealth.

Why it’s a big deal

• Supercharged contributions: Often lets you put away more than an IRA (and sometimes more than a SEP, depending on income setup).
• Tax strategy built in: Choose Traditional (tax deduction now) and/or Roth (tax-free later) options.
• Control + flexibility: You’re the “boss” of the plan—investment options can be broader than many employer plans.
• Business-owner perk: Can include profit-sharing features, which is huge in high-income years.
• Retirement gap closer: Perfect if you’re playing catch-up and want to compress time on retirement savings.

Best fit: self-employed, freelancer, consultant, realtor, 1099, or business owner with no full-time W-2 employees (spouse can usually participate too).