Silly Money
The Ultimate Guide to the Solo 401k: The Most Powerful Retirement Account in America
Early Bird Tickets Expire Tomorrow for OOO
I’m hosting an invite-only conference in NYC on May 16 for the best entrepreneurs, creators and builders I know. It’s called The OOO Summit and I’m hosting it with my buddy Andrew Yeung.
The event runs all-day and features some of the most badass speakers I know. People like:
Bestselling author, Sahil Bloom
Former presidential candidate, Andrew Yang
Expert solopreneur, Justin Welsh
Founder and CEO of Loyal, Celine Halioua
Founder of Kit, Nathan Barry
Owner of Girls That Invest, Simran Kaur
We had 500+ people join us last year, and this year, we’ll have more than 700 people coming together to learn, get inspired and work together.
Early bird tickets are only $99 but the price doubles at midnight tomorrow (May 27). Use the link below and coupon code ILOVECARRY for $99 off any ticket before end of day tomorrow:
The single biggest personal finance win for anyone with self-employment income:
Setting up a Solo 401k
This is the most powerful retirement account in America if you know how to use it to its full potential.
It allows you to:
Contribute up to $70,000 per year, per spouse
Take the entire amount as a tax deduction, or funnel it into your Roth IRA or a combination thereof
Invest the dollars in virtually any asset with no taxes while it compounds
Borrow up to $50,000 from your Solo 401k if you ever need short-term liquidity
Get a tax credit for setting one up
This article explores the nuance behind these accounts, including:
Let’s dive in.
