Got Side Income? This 401K Strategy Could Change Everything

Описание: If you earn 1099 income—even just from a side hustle—you may be able to save far more for retirement than you think. In this video, I explain how a Solo 401(k) works, who qualifies, and how self-employed workers can contribute as both the employee and the employer to dramatically increase their savings while reducing taxes. We’ll walk through 2026 contribution limits, eligibility rules, differences between sole proprietors and S-Corps, how to include your spouse, and how this plan can work alongside your regular workplace 401(k).

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⏰ Table of Contents ⏰
0:00 Why side hustlers miss this retirement strategy
1:08 What is a Solo 401(k)?
2:46 Sole proprietors/Single-Member LLC
3:27 S-Corp and partnerships
6:02 Solo 401(k) Basics
8:14 Sole Proprietors/Single LLC Example
11:18 Sole Proprietorship/LLC vs S-Corps
13:32 Traditional vs Roth Solo 401(k)
16:17 Combining 401(k) and a Solo 401(k)
18:39 How to Include a Spouse in your Solo 401(k)
20:22 Why side-hustle income can supercharge retirement savings

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Disclaimer: This video is not in any form of personalized financial advice. I am solely sharing my personal experience and opinions. All Strategies, tips, suggestions, and recommendations shared are solely for entertainment and educational purposes only. There are financial risks associated with investing. You must conduct your own research and due diligence or seek the advice of a licensed advisor if necessary.

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