If you’re self-employed or run a small business with no full-time employees, a solo 401(k) can be a powerful tool for retirement savings. The ability to contribute both as an employee and employer opens the door to much higher annual limits. But just hitting the basics might mean you’re leaving money on the table. Maximizing your solo 401(k) contributions isn’t just about putting more away—it’s about using every available angle to boost your savings, reduce your tax bill, and secure a better financial future. Whether you’re just starting or looking to optimize, these strategies can help you get the most out of your plan. Here are eight unique approaches to make your solo 401(k) work harder for you.
