There are two basic kinds of qualified plans: defined contribution plans and defined benefit plans-and different rules apply to each. You can have more than one qualified plan, but your contributions to all the plans must not total more than the overall limit .
Articles in this section
- What is an empowered Qualified Retirement Plan (Solo 401k)?
- How many kinds of Qualified Retirement Plans are there?
- Why Have a Qualified Retirement Plan?
- What are the benefits of The Solo 401k?
- Are there any negatives of The Solo 401k?
- Why haven’t I heard of The Solo 401k before?
- Is the Solo 401k allowed under IRS rules?
- Are there special rules for The Solo 401k investments?
- How can I be sure that my investment is allowable in a Solo 401k?
- My CPA/attorney/financial advisor hasn’t heard of The Solo 401k? What Should I Do?