Blog

Plain-English articles on Solo 401(k) plans.

Education for self-employed and 1099 professionals - plan rules, structure, real-estate considerations and administration. Educational only; not legal, tax or investment advice.

Solo Business Guidance

Why Financial Education Matters More Than Ever

In today's rapidly changing economy, financial education is no longer a luxury. It is a necessity. From inflation and rising living costs to evolving retirement plans and investment opportunities, individuals are expected to make increasingly complex financial decisions throughout their lives. Unfortunately, many people were never taught how to manage money, invest for retirement, or build long-term wealth. Financial education empowers individuals to make informed decisions, avoid costly mistakes, and create a stronger financial future. Understanding how money works may be one of the most valuable investments a person can make.

By Garrett Clark

Solo Business Guidance

You’re Not “Too Small” for a Solo 401(k)

Most business owners wait too long to take advantage of one of the most powerful retirement tools available. Here’s why size doesn’t matter and why starting early can make all the difference.

By Garrett Clark

Solo Business Guidance

What to Do If You Move States and Have an LLC

Moving to a new state can be an exciting adventure, but it also brings with it a multitude of legal, financial, and administrative tasks that need to be addressed. One of the more complicated aspects of moving involves your business, especially if you own an LLC (Limited Liability Company). If you’ve established an LLC in one state and are now relocating, you may be wondering what steps you need to take to ensure your LLC remains in good standing and complies with the legal requirements of your new state.

By Garrett Clark

Solo Business Guidance

The Ultimate Solo 401(k) FAQ

If you're self-employed, own a small business, or earn income from freelancing or a side hustle, you've probably heard of the Solo 401(k). But how does it work? Who qualifies? What can you invest in? And how does it compare to other retirement accounts? This comprehensive FAQ answers the most common questions about Solo 401(k) plans, helping you understand eligibility, contributions, rollovers, investment options, loans, distributions, and much more. Whether you're just getting started or already have a Solo 401(k), this guide is designed to be your go-to resource.

By Garrett Clark

Solo Business Guidance

The Hidden Costs of Running a Solo Business (And How to Manage Them)

Starting a solo business often looks simple from the outside. You set your own schedule, control your income, and answer to no boss. But many entrepreneurs quickly discover that running a one-person business comes with expenses employees rarely think about. Health insurance, self-employment taxes, LLC fees, insurance policies, software subscriptions, retirement savings, and other costs can add up fast. The good news is that understanding these hidden expenses ahead of time can help you budget effectively, maintain profitability, and build a stronger financial future. Here's what every solo business owner should know.

By Garrett Clark

Solo Business Guidance

Small Business Insurance - Life, Health, Dental and Vision

As a small business owner, you're used to managing everything - but protecting yourself and your team shouldn't be left to chance. In this blog, we break down the essential types of small business insurance, including life, health, dental, and vision coverage. Learn how these policies not only safeguard your well-being but also enhance employee satisfaction, reduce risk, and support long-term growth. Whether you're a solo entrepreneur or have a small team, the right coverage can give you peace of mind and a competitive edge.

By Garrett Clark

Solo Business Guidance

Solo But Not Isolated

Managing cash flow is critical for the success of any small business, and financial advisors play a pivotal role in this process.

By Garrett Clark

Solo Business Guidance

Sole Proprietorship vs. LLC: Which Business Structure Is Right for You?

If you're starting a business on your own, one of the first decisions you'll face is how to legally structure it. Most solo entrepreneurs find themselves choosing between two options: operating as a sole proprietorship or forming a Limited Liability Company (LLC). Both have their benefits - and the best choice depends on your goals, risk tolerance, and long-term vision. In this article, we’ll break down the differences, pros, and cons of each, and help you decide which route is right for your business journey.

By Garrett Clark

Solo Business Guidance

Nobody Told Me My Side Business Could Unlock a Better Retirement Plan

Millions of Americans have a side business, freelance, consult, sell products online, or earn income from a passion project - but many don't realize that this extra income may qualify them for a powerful retirement savings opportunity. If you have eligible self-employment income, a Solo 401(k) could offer benefits beyond what many traditional retirement accounts provide, including the potential for higher contribution opportunities, expanded investment flexibility, and the ability to roll over eligible retirement assets from former employer plans. In this guide, we'll explain how a side business may unlock access to a Solo 401(k), who may qualify, and why it's worth exploring if you're building income outside of your full-time job.

By Garrett Clark

Solo Business Guidance

I Have a W-2 Job and a Side Business, Can I Have a Solo 401(k)?

Understanding How a Solo 401(k) Works Alongside Your Employer's 401(k). Many professionals work a full-time W-2 job while earning additional income through a side business, consulting, freelancing, or other self-employment activities. One of the most common questions they ask is whether they can also open a Solo 401(k). The answer is often yes, provided you have eligible self-employment income and meet the plan requirements. In this guide, we'll explain who qualifies, how contributions work when you have both a W-2 job and a side business, the benefits of a Solo 401(k), and how you may be able to roll an old employer-sponsored 401(k) into your Solo 401(k) after leaving your job.

By Garrett Clark

Solo Business Guidance

MARKETING ON A MICRO-BUDGET

Think you need a big budget to make a big impact? Think again. This blog reveals how solo entrepreneurs can market effectively without breaking the bank. From building an authentic brand voice to leveraging free tools, organic content, and grassroots outreach, you'll learn how to turn limited resources into lasting visibility. Whether you're just starting out or tightening up your expenses, these strategies will help you stretch every marketing dollar further - without sacrificing results.

By Garrett Clark

Solo Business Guidance

How to Pay Yourself as a Business Owner: The Smart Way to Build Wealth and Save for Retirement

Paying yourself as a business owner involves more than simply transferring money from your business account. Learn how to create a sustainable compensation strategy, avoid common financial mistakes, manage cash flow, prepare for taxes, and incorporate retirement planning with a Solo 401(k) to support both your business and your long-term financial goals.

By Garrett Clark

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