Self-employed retirement plan options: SEP, SIMPLE, or “Solo-K”

Over at Slate’s BizBox blog, a special promotion by Open from American Express, I posted an article that discusses the financial advantages of a “Solo-K” for someone who is self-employed.

In fact, “Solo-K” is not specifically mentioned in the Internal Revenue Code. It’s a name given by some unknown, creative marketing person to describe a profit sharing plan with a 401(k) provision for the self-employed business person. Check out The Wonderful Solo-K.