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A comment on Ask HN: What is your money-making side project outside programming?. Parent comment

Re:Ask HN: What is your money-making side project outside pr... by m0zg on Sunday April 21, 2019 @04:23PM (#19714345)
Wealth Multiplier Protip: if you're a business owner (even if your business is just a single person LLC) you can put away up to $56K a year pre-tax into your "solo" 401k.
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Re:Ask HN: What is your money-making side project outside pr... by tunesmith on Sunday April 21, 2019 @06:40PM (#19715030)
If you're a solo business owner, do NOT forget about Form 5500. Your payroll company and 401k host will likely not tell you about it.
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Re:Ask HN: What is your money-making side project outside pr... by cimmanom on Sunday April 21, 2019 @06:52PM (#19715079)
Do you need to find an administrator for the solo 401k? How does one set that up?
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Re:Ask HN: What is your money-making side project outside pr... by m0zg on Sunday April 21, 2019 @07:27PM (#19715200)
Go to Fidelity or Vanguard, and look up Solo 401k. Fees are pretty minimal, especially with Vanguard.
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