You are allowed to have a solo 401k with any type of small business in revenue. So if you have a

side hustle, maybe you're driving Uber. You can fund a solo 401k with your Uber revenue. You're

selling something online. You're doing a small service. You run a janitorial business in the

evenings with your family. I don't know. Any type of business income you're generating,

you are allowed to have a solo

401 on top of a work 401k and on top of a Roth.

But you can also roll over existing retirement account dollars. So if I've got an old

employer 401k with traditional 401k dollars, even Roth 401k dollars, I can roll that into my

solo 401k. The gateway to that into my solo 401K.

The gateway to entry is very, very low.

Welcome to the Main Street Business Podcast.

My name is Mark Kohler.

I'm here with my incredible podcast partner, Matt Sorensen, who I just learned from every time we go live on our

podcast. And today, we are starting part one, which means we have part two.

But some part one and part two of the amazing solo 401k. And today is about all the good stuff.

And do I qualify?

Part two is going to be, how do I implement this and make it happen and make it even better and shoot for the stars?

So I think we're going to, this is so powerful, so important.

Yeah, the solo 401K is the number one retirement account you should know about if you're

self-employed. And if you're someone who's self-employed, we run across those clients all the time, real estate agents. You could be the doctor, the dentist, the consultant, the Uber driver. I don't care what you are. You're self-employed, but you have no other employees. So the government said, hey, we should let these people have their own 401k too.

It's not just for big companies that have all these employees.

These self-employed people, this gig economy that's got so many people in it now, let's let them have their own 401k, where they can put 70 grand a year in it.

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