Maximizing Retirement Savings Strategies for Using a Solo 401k

Thinking about retirement? It’s never too early to start planning for this, they say. Especially if you’re self-employed or own a small business, planning ahead is crucial.
From various options of IRAs and personal investments, a Solo 401(k) stands out as a versatile savings tool. When saving for retirement, there are several key factors to consider:
-Tax advantages
-Contribution limits
-How to diversify your portfolio
-Fees
-Withdrawal rules
We dive into Strategies for Maximizing Retirement Savings in this video!
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To avoid penalties that could affect your retirement savings, it’s crucial to stay compliant with IRS requirements. At Fusion, our CPAs can guide you through this process, helping you maintain accurate records, meet deadlines, and file necessary forms.
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DISCLAIMER: The information presented in this video is provided for informational purposes only. The information does not constitute legal, accounting, tax advice, or other professional services. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information contained herein. Use the information at your own risk. We disclaim all liability for any actions taken or not taken based on the contents of this blog. The use or interpretation of this information is solely at your discretion. For full guidance, consult with qualified professionals in the relevant fields.