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A solo 401(k) plan is a powerful retirement savings tool if you run a one-person small business. Here’s how you can help save for a golden future and reap tax advantages.

How can you make your 401(k) work harder? For starters, you can consider maxing out your contributions to potentially lower your taxable income, since traditional 401(k) contributions are taxed when withdrawn, not contributed. Keeping tax implications in mind is how you can potentially keep more of your money in the long run. Come talk to our team about retirement strategies. https://lnkd.in/enT_DSq6

A solo 401(k) plan is a powerful retirement savings tool if you run a one-person small business. Here’s how you can help save for a golden future and reap tax advantages. https://lnkd.in/eXvKCFpE

Thinking about your financial future? 🏦 Discover why rolling over your 401(k) might feel tedious, but it can be essential for maximizing your retirement savings. Don't let hesitation turn into regret! Read to learn more making this important move. 💼✨

Thinking about your financial future? 🏦 Discover why rolling over your 401(k) might feel tedious, but it can be essential for maximizing your retirement savings. Don't let hesitation turn into regret! Read to learn more making this important move. 💼✨

Are you ready to elevate your financial future? Discover effective strategies to supercharge your 401(k) contributions and ensure you’re not leaving money on the table. Take charge of your retirement today and set yourself up for success! Learn more: 🌐 https://lnkd.in/gHhG48ap #401k #RetirementPlanning #FinancialSuccess #SmartMoneyMoves #RetirementSavings #HawksFinancial #InvestInYourFuture #FinancialWellness #SecureYourFuture

It's true what they say about "making your money work for you." How can you do this with your 401(k)? For one thing, you can consider maxing out your contributions to potentially lower your taxable income, since traditional 401(k) contributions are taxed when withdrawn, not contributed. Keeping tax implications in mind is how you can potentially keep more of your money in the long run. Come talk to our team about retirement strategies. https://lnkd.in/esveB2d6

What You Need to Know About Tweaking Your 401(k) Plan for 2025 Learn about the changes that will affect your retirement along with some tips on being more strategic with savings. #FinancialAdvisor #GenevaIL #Chicago

What You Need to Know About Tweaking Your 401(k) Plan for 2025 Learn about the changes that will affect your retirement along with some tips on being more strategic with savings. #FinancialAdvisor #GenevaIL #Chicago

I wish these articles would highlight that this strategy is very tough to execute in most retirement plans due to the plan's testing requirements for Highly Compensated Employees. These articles are recycled every year making it seem like this is so easy to do. Firethorn Wealth Partners