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Leave a Lasting Legacy: How to Leave a Nonfinancial Legacy

Retirement Answer Man

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Solo 401k

As a sole proprietor, I could set up a 401k for my employee and put in post tax earnings into a Roth without traditional limits on income. You cannot have any other employees as soon as you have employee number two employee number one being yourself. The advantage of an individual 401k is that it's going to have a lot of the same feature as traditional 401k.

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