High Contribution Limits: For the 2023 tax year, individuals can contribute up to $76,500, combining employee deferrals and employer profit-sharing contributions. Including a spouse in the plan can potentially double these contributions

Tax Advantages: Solo 401(k) plans can offer up to 10 times the tax reduction compared to traditional IRAs, significantly lowering your current tax burden while boosting retirement savings

Flexible Investment Options: With a Solo 401(k), you have the freedom to choose from a wide range of investment opportunities, allowing you to tailor your portfolio to your financial goals

Loan Provisions: The plan includes a built-in loan management system, enabling you to borrow from your retirement funds if needed, providing financial flexibility