IRA Financial’s Adam Bergman Esq. discusses the deadline for setting up a Solo 401(k) for 2021, plus the benefits of starting one if you are self-employed.

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IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(K) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions.

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AdBits – 2021 Solo 401(k) Set-Up Deadline

As we approach the end of the year, it’s important to take stock of our finances and investments. For business owners and sole proprietors, one investment option to consider is a Solo 401(k). This retirement plan allows for higher contribution limits and potential tax savings compared to traditional IRA or SEP IRA options.

If you are interested in setting up a Solo 401(k) for your business, it’s important to note that there is a deadline for doing so in order to contribute for the 2021 tax year. This deadline is December 31st, 2021.

One company that can assist with the set-up process is AdBits. AdBits offers a streamlined, digital platform for Solo 401(k) set-up and management. By partnering with AdBits, business owners can avoid the high fees and complexity often associated with traditional retirement plan providers.

With AdBits’ platform, users can easily set up a Solo 401(k) account, fund it with pre-tax dollars, and invest in a variety of options such as stocks, bonds, and ETFs. Additionally, AdBits offers educational resources to help users make informed investment decisions.

If you are interested in taking advantage of the benefits of a Solo 401(k) for the 2021 tax year, it’s important to act quickly and reach out to a provider like AdBits. With their expert guidance and user-friendly platform, you can take control of your retirement savings and potentially save on taxes in the process.