On: Ask HN: What is your money-making side project out...

[m0zg]

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.

[tunesmith → m0zg]

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.

[cimmanom → m0zg]

Do you need to find an administrator for the solo 401k? How does one set that up?

[m0zg → cimmanom]

Go to Fidelity or Vanguard, and look up Solo 401k. Fees are pretty minimal, especially with Vanguard.