#528 All Things Solo 401k

In this latest episode of the Main Street Business Podcast, hosts Mark J. Kohler and Mat Sorensen explore the Solo 401(k), detailing how self-employed professionals and small business owners can benefit from its substantial contribution caps and diverse investment opportunities, such as real estate and cryptocurrencies.Here are some of the highlights:Mark and Mat breakdown how a solo 401(k) is key to building retirement wealth.Mark and Mat unpack the optimal order of investing: Company match, Roth IRA, HSA, then solo 401(k).Why the Solo 401(k) is ideal for high-income self-employed individuals.Cannot have solo 401(k) with full-time employees (1000+ hours/year)Spouse can have separate solo 401(k) if they have their own businessSelf-directing investments: Not limited to stocks, can invest in real estate, private companies, cryptoImportance of maintenance and requirements: Track contributions, file Form 5500 when assets exceed $250,000Grab my eBook 30 Unique Strategies Every Business Owner Should Know! You don't want to miss this! Secure your tickets for the #1 Event For  Small Business Owners On Main Street America:  Main Street 360 Looking to connect with a rock star law firm? KKOS is only a click away! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute discovery call to explore the Main Street Tax Pro Certification. Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohlerCraving more content? Check out my Instagram!