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Tag: individual 401K contribution limits

Individual 401k Contribution Limits

Individual 401K plans are also known as self directed IRA plans, which are one of the newest forms of retirement plans for self-employed Individuals. The plans provide small business owners and spouses the opportunity to take advantage of self-employment benefits by establishing a solo 401K plan for retirement. They provide less expensive methods for financing business loans and provide a wider range of investment opportunities.