So we're going to hit, when do I get a solo 401k? How should I get it? How much can I fund it?

What are the deadlines? We're going to freaking nail it because this is the time of year to deal with. People, you'd be shocked how many clients we meet with that are 55, 60 years old, and they are scared to death. This is one of the tax strategies. Clients come to. It's like, I made a ton of money today or this year. I'm worried about my taxes.

How can I reduce those?

If you don't have any full-time or... strategies. Clients companies. I made a ton of money today. This year. I'm worried about my taxes.

How can I reduce those? If you don't have any full-time or part-time employees on a W-2 and you're

making money in a small business, you freaking are a perfect candidate for Solokane.

Welcome, everyone, to the Main Street Business Podcast with Matt Sorensen and Mark Kohler

stoked to be here today.

Whoa, a little, is that an 80s or a 90s throwback?

I was a little surfer, you know, surfer dude, you know, throw out there for all of you.

Need a solo K. I'm like stoked because we're talking about the power of the solo K. Yeah, this is, if you're watching this on

YouTube, which I'm going to probably recommend for many of you that are catching this on iTunes or

Stitcher, that'll be okay. We're going to do our best, but our desk is full of resources here.

We've got two lap, yellow pad, a calendar, a calendar, iPad, and a laptop all here because this is actually, there's a lot of moving parts. And we want to give you as much information as you need to really rock this. This is really cool. So we're going to hit, when do I get a solo 401K? How should I get it? How much can I fund it? What are the deadlines? We're going to freaking nail it because this is the time

of year to deal with it. Yeah. And like the Huey Lewis song, The Power of Love. I love that song back. That's a great song. Back to the future. Power of love. Yeah. It's an opening song and back to the future. There's a line in there. Don't need money. don't need a credit card to drive in this lane.

Well, guys, if you're making money, you need a solo K. That's the lane you need to be in. Yes, yes. And it's great for those that are self-employed. We'll get into it. This is a powerful tax saving strategy. You can self-direct and build your retirement by investing in the things you want to do. There's so many things we love about it.

So we're going to get all the detail out.

But it's like Mark said, like spreadsheets. I mean, I got IRS website up, notepads. Like the details are important in this. If you get the details on this, you can get all the power out of it. Yeah. I would recommend if you're driving, of course, do not try to multitask. But if you're

anywhere where you can have a notepad handy, we're going to be giving you some numbers and some

deadlines and some things to do. So have that handy. And I will recommend you try to watch this on

YouTube just because I'm going to go to the whiteboard, and of course you want to see that.

I'll describe it as best I can verbally here for those on the podcast.

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