WebMar 30, 2024 · What is a Solo IRA? While the term “Solo IRA” is often used to referred to a self-directed solo 401k, the IRS does not recognize the term solo IRA to refer to a solo 401k plan. Instead the IRS, uses the following terms to refer to a 401k plan for the self-employed: Visit Here to view the IRS page on solo 401k plans. WebJun 30, 2024 · 4: Self-Directed Solo 401 (k)s allow high contribution amounts for tax-free money in retirement, (if the plan is designed for it.) SEP IRAs can only be contributed to …
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