00:00There's a thing that's called a solo 401k or individual 401k. And what it does is,
00:06so to qualify for this, now you can't have employees, right? So if we take employees
00:11out of the picture, now you've got the idea that a solo 401k might make some sense.
00:17And there's no, until your dollar amounts get pretty big, there's no IRS filing. It's just
00:24really simple until it gets up to a certain amount. I think the number is $250,000. Then
00:30there's some reporting things. But even at that, it's not the complicated thing that a regular 401k
00:35is. But what works for that solo 401k is now I can do an employee deferral just like I can from
00:44a simple or a regular 401k, but the 401k limits are higher. I can put in over $23,000 this year
00:51as an employee.
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