🤯 STOP! Is Schwab incorrectly limiting your Solo 401(k) employee contributions to the December 31st deadline? This misunderstanding can cost solopreneurs thousands in tax deductions.
✨ GREAT NEWS: Solo 401(k) rules are more flexible. If your plan is established by December 31st, you can make ALL contributions (employee and employer) up until your business tax deadline (including extensions).
💡 THE FIX: Don’t let custodian misguidance block your savings.
Work with a third-party provider (like MySolo401k — My Solo 401k Financial LLC) to get compliant plan documents.
Open accounts at Schwab using those documents, securing the favorable contribution deadlines for the self-employed.
Maximize your tax savings and contribution limits!
🚨IS SCHWAB BLOCKING Solo 401k Contributions? The EASY Fix for Schwab Solo 401k Accounts
💡 Ready to maximize your retirement savings?
