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Individual 401K Plans Are Advantageous Till December 31st 2010 When you combine profit-sharing features into traditional 401k plans what you obtain are individual 401k plans. These are also known as solo 401k plans. However, it is important to note that individual 401k plans can be established only by self-employed entrepreneurs. Such small business owners have no other full-time employees except themselves and their spouses. [VIEW ARTICLE]Comments RSS Feed For This Article: 
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Subject: Individual 401(k) Plans
I am a huge supporter of the Indi(k) plans and as I serch the web for supporting information, I have yet to see the benefit of the ROTH amendment listed. Thanks to the Pension Protection Act of 2006 a sole proprietor can add a ROTH amendment to his Indi(k) plan and defer up to 16,500 in 2009 into the Roth regardless of their income. There is no other greater feature than this for someone who makes more than the govt limits to contribute to a ROTH and wants to save money with no future tax obligation