#596 How to Set Up, Maintain, and Maximize Your Solo 401(k)

9 snips

Oct 10, 2025

Discover the secrets to setting up and maximizing your Solo 401(k) as the hosts dive into eligibility rules, contribution strategies, and investment options. Learn how hiring family members can enhance savings and explore the benefits of self-directed investing in real estate or crypto. Find out about Roth and traditional buckets, plus the savvy ways to roll over existing retirement funds. They also demystify ongoing compliance and share a limited-time special offer to help you get started on your retirement journey.

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ADVICE

Confirm Eligibility First

Do confirm you qualify before setting up a Solo 401(k); it’s for self-employed owners without unrelated full-time W-2 employees.
Consult a lawyer to explore options like SEP, safe-harbor, or converting later as your situation evolves.

ADVICE

Watch Employee Anniversary Dates

Avoid assuming hiring an employee immediately disqualifies you; you remain eligible until that employee hits a one-year anniversary.
Plan contributions for the year accordingly and convert or close the Solo 401(k) when required.

ADVICE

Use Proper Documents And EIN

Do get an IRS pre-approved plan document and a separate EIN when setting up a Solo 401(k).
Use a self-directed plan document if you intend to invest in real estate, crypto, or private companies.

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Take control of your retirement with our Solo 401(k) Special, starting at $895. The offer ends on October 17, 2025! Learn more: https://kkoslawyers.com/solo-401k-special-2025/?utm_source=buzzsprout&utm_medium=description-link&utm_content=596-solo-401k-p2-maintain&utm_campaign=main-street-business-podcast

Are you taking full advantage of one of the best retirement strategies available to entrepreneurs and small business owners? In this episode of the Main Street Business Podcast, Mark J. Kohler and Mat Sorensen dive deep into how to set up, maintain, and maximize your Solo 401(k) — giving you the tools to make the most of this powerful retirement plan.

The Solo 401(k) offers higher contribution limits, flexible investment options, and unique tax advantages that make it one of the most attractive plans for the self-employed. Mark and Mat break down everything you need to know about eligibility, plan setup, ongoing compliance, and strategies to ensure your plan is working for you. They’ll also cover common mistakes, key rules to remember, and proven ways to grow your wealth through real estate, small business investments, and alternative assets inside your Solo 401(k).

Whether you’re new to retirement planning or already have a Solo 401(k) in place, this episode provides practical steps to help you stay compliant, maximize contributions, and take full advantage of the tax-saving opportunities available. By the end, you’ll understand why the Solo 401(k) is often a smarter choice than a SEP IRA or other retirement plans — and how to ensure yours is structured correctly.

If you’re serious about saving taxes, building wealth, and taking control of your financial future, this is an episode you don’t want to miss!

You’ll learn:

How to determine if you qualify for a Solo 401(k) — even if you have part-time employees or a small side business
The key rules for full-time and part-time employees, and how to stay compliant as your business grows
Smart strategies for setting optimal salary levels for yourself and your spouse to maximize contributions and minimize taxes
The different contribution options (traditional, Roth, and employer match) and how to combine them for greater flexibility
How to roll over or restate an existing 401(k) into a self-directed plan that lets you invest in what you know best

Get a comprehensive tax consultation with one of our Main Street tax lawyers that can build a tax strategy plan with an affordable consultation that will leave you speechless!!

Here’s the link - https://kkoslawyers.com/services/comprehensive-bus-tax-consult/?utm_source=buzzsprout&utm_medium=description-link&utm_content=596-solo-401k-p2-maintain

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