If you're a straight 1099 / sole proprietor as an individual you can set up a SE... | Hacker News

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		ydt on July 12, 2016 \| parent \| context \| favorite \| on: How I'm fixing the 401(k) 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 on July 12, 2016 [–]

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.

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