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Individual401k.com provides information and setup services for Individual 401k retirement plans, also known as Solo 401k plans, designed for self-employed individuals and owner-only businesses. The site highlights that these plans allow for higher contribution limits than other self-employed retirement options, with 2023 limits of $66,000 (or $73,500 for those 50 and older), and offer the ability to take tax-free loans against the account balance.
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