Anonymous wrote:Spouse does own solo 401k as sole owner of company. We put aside a shit ton while still staying within tax bracket.

+1 ditto

Your company contributes as the employer, and you contribute as the employee. Between my spouse and I, we were able to contribute about $100K for a couple of years, more so when we hit 50.

I own a small company. I don’t need a 401k. My equity in the company is my retirement.

Anonymous wrote:His company is his retirement, assuming it's the kind he can sell later (personal services businesses this doesn't work so well).

Finding a buyer of a SME is not easy, neither is selling a small human capital advisory firm.

Anonymous wrote:DH is starting his own company. His previous employers always matched 401k contributions. Now that he no longer has that benefit, what is the best way to continue to personally invest in retirement?

Sep IRA

Anonymous wrote:401k match wasn't a benefit. It was a hindrance. Regular investment account may be a better fit depending how much money you have and your combined future RMD.

Why was it a hindrance?

either solo 401k or SEP IRA

I am an independent consultant and have set up a SEP IRA

I have a small company (2 owners) and we have a 401k and profit share that allows us to contribute $70k combined, plus I qualify for catch up contributions so it's $80k+ this year, it will drop back a little next year as I lose one of the catch ups. We run it through Fidelity but have to have an outside firm do the tax filings and reporting.

My DH set up a DB plan and puts aside $100k but that could flex to be more or less..