Tuesday, May 13, 2025

What is a Solo 401(k)? | SDIRA | Equity Trust

Are you self-employed or running a small business with no employees? A Solo 401(k) could be the most powerful—and overlooked—tool for maximizing your retirement savings. In this video, our Director of Education John Bowens breaks down how the Solo 401(k) works, who it’s for, and how to make the most of its many features. What You’ll Learn: What a Solo 401(k) is and who qualifies 2025 contribution limits and catch-up rules Pre-tax vs. Roth contributions How the Backdoor Roth conversion works Real examples Chapters: 00:44 - What Is a Solo 401(k) and Who Qualifies? 02:13 - Solo 401(k) Eligibility: W2 Employees and Earned Income 04:40 - 2025 Contribution Limits and Catch-Up Rules 06:08 - How to Maximize Contributions (Employee vs. Employer) 08:39 - Mega Backdoor Roth Strategy Explained 10:23 - Pre-Tax vs. Roth: Choosing the Right Mix 10:59 - How to Roll Over Funds Into Your Solo 401(k) 11:49 - Important Rules About Hiring and Controlled Groups 12:02 - Final Thoughts: Build Wealth Tax-Free Reimagine Your Retirement with Equity Trust: https://eqtytrst.co/homepage Connect with us on social media! ⭐ LinkedIn: https://eqtytrst.co/linkedin ⭐ Facebook: https://eqtytrst.co/facebook ⭐ Instagram: https://eqtytrst.co/instagram ⭐ Twitter/X: https://eqtytrst.co/twitter ⭐ TikTok: https://eqtytrst.co/tiktok ⭐ Reddit: https://eqtytrst.co/reddit