How a Solo 401k Can Slash Your Self-Employment Tax

Episode 130 of Retirement Planning with Fexingo dives into the Solo 401k — a powerful retirement account for the self-employed. Lucas and Luna walk through how a freelance graphic designer earning $120,000 a year could defer over $23,000 in self-employment taxes in 2026 by using a Solo 401k instead of a SEP IRA. They compare contribution limits, discuss the Roth option, and explain why the Solo 401k's ability to let you borrow from yourself is a hidden gem. If you're a freelancer, consultant, or small business owner, this episode might save you thousands on your tax bill this year. #Solo401k #SelfEmployment #RetirementPlanning #TaxSavings #SelfEmployed #Freelancer #SEPIRA #Solo401kContribution #RothSolo401k #RetirementAccounts #Fexingo #FexingoBusiness #BusinessPodcast #Finance #PersonalFinance #WealthBuilding #TaxStrategy #SmallBusinessOwner Keep every episode free: buymeacoffee.com/fexingo