Why a fidelity solo 401k is Perfect for Self-Employed Individuals

If you're self-employed, you may be considering your retirement options and how to best plan for the future. One great option to consider is a fidelity solo 401k.

A fidelity solo 401k is a retirement savings plan specifically designed for self-employed individuals. This plan allows you to contribute as both the employer and the employee, potentially allowing for larger contributions than with other retirement plans.

Additionally, a fidelity solo 401k allows for a wide range of investment options, including stocks, bonds, and mutual funds. This flexibility allows you to customize your investments to best fit your individual financial goals.

Another benefit of a fidelity solo 401k is the potential for tax savings. Contributions made to the plan are tax-deductible, potentially reducing your taxable income.

Overall, a fidelity solo 401k is a great option for self-employed individuals looking for a flexible retirement savings plan with the potential for larger contributions and tax savings. Consider talking to a financial advisor or visiting Fidelity's website to learn more about this option.

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