On: How I'm fixing the 401(k)

[nix0n]

Can I get a 401(k) as an individual, or is this still only for employers?

[ydt → nix0n]

If you're a straight 1099 / sole proprietor as an individual you can set up a SEP IRA. If you establish an LLC you can create a simple-IRA. Both of these allow you contribute money tax deferred and are much easier to manage than a 401k. Plus, you can trade them like any other brokerage account.

[loeg → ydt]

Solo 401(k)s have higher contribution limits and allow you to save more of your business income tax-advantaged. The fees may be worth it.

[TheCoelacanth → nix0n]

For a solo 401(k), you probably don't need the administrative stuff that they are providing on top of Vanguard, so you could cut out the middle man and go straight to Vanguard. Of course, you do have to be self-employed to qualify legally to have a solo 401(k).

[peter303 → nix0n]

A variable annuity behaves like a 401K, but has no contribution or income limits. Nor an RMD. Some have low fees (.25%) and some are ripoffs.

[loeg → nix0n]

Yes, you can create a solo 401(k) for 1099 income. It's a different sort of thing than what Guideline offers, though.

[peter303 → nix0n]

An index fund of growth (no-dividend) companies will have very low taxes until you sell it decades later.