Personal Finance Advice and Commentary

Tuesday, September 06, 2011 4:34 pm
By Jennie L. Phipps · Bankrate.com

Solo 401(k)s are a great retirement planning tool for people who have self-employment income. You can save a tax-deferred $16,500 in 2011, or $22,000 if you’re at least 50 years old — or you can make it a Roth plan. Plus, as your own employer, in 2011, you can contribute the lesser of up to