The solo 401(k), or solo (k) as it is sometimes called, allows a self-employed individual to set up a 401(k) plan combined with a profit-sharing plan. You can set up one of these if you work for yourself or own a small business with just 1-2 full-time employees including yourself (the second FTE must be your spouse).1
What is enough? What is not enough? If you’re considering retiring in the near future, you’ve probably heard or read that you need about 70% of your end salary