About this episode

The episode discusses how high-income earners can qualify for a Solo 401(k) and the benefits of utilizing it for tax-free contributions.

Most high-income earners assume the Solo 401(k) isn't for them. They're wrong. If you have a side hustle, a consulting gig, or a small investment LLC, you likely qualify, and you could be sheltering up to $144,000 per year in tax-free contributions. Bob Fraser and Ellis Hammond sit down with George Blower, co-founder of MySolo401k.net, to break down exactly how this works and why so few people are taking advantage of it. You'll learn: The two simple requirements to qualify How to run the Mega Backdoor Roth strategy inside a Solo 401(k) Why leveraged real estate here avoids UDFI taxes entirely How to get set up for as little as $650 Have more questions, or want more resources like a tax calculator? Go to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://investlikeabillionaire.org/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more about our community. Check out Ben & Bob’s company and invest along at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://aspenfunds.us/

People in this episode

Hosts: Bob Fraser, Ellis Hammond

Guest: George Blower

Topics covered

• Solo 401(k)
• tax-free contributions
• Mega Backdoor Roth strategy
• leveraged real estate
• high-income earners
• side hustle

Keywords

• Solo 401(k)
• tax shelter
• high-income earners
• Mega Backdoor Roth
• UDFI taxes
• consulting gig
• investment LLC

Mentioned in this episode

Organizations: MySolo401k.net, Aspen Funds, investlikeabillionaire.org, aspenfunds.us

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