There's a retirement account that negates one of the biggest drawbacks of working for yourself — and it can help you save a fortune
Nir Elias/Reuters
The perks of self-employment are plenty, but there's at least one significant drawback: the lack of an employer-sponsored retirement plan like a 401(k).
Enter the solo 401(k), or what the IRS calls a one-participant 401(k).
Designed for self-employed workers, this account mimics many of the features of an employer-sponsored plan, without the drag of working for the man.
What is a solo 401(k)?
Pretty much exactly what it sounds like: an individual... Читать дальше...