Solo 401k Employee Contributions Aren't Free Money

The tax benefits of that will probably outweigh whatever contribution a traditional employer would give you well it's also the best kind of tax deduction right. important to make sure people understand this when you're working for a company the employer contribution is like free money When you're a solo solopreneur the employee contribution isn't free money but you can put a heck of a lot more into your solo 401k so yes it's an illegally distinct account that is subject to early withdrawal penalties and all this sort of stuff but it's a tax deduction for money I'm paying myself that's pretty good.