01.23.26

Wall Street Pushes Solo 401(k)s as More Americans Work for Themselves

by: Isabelle Lee

Solo 401(k) plans are emerging as a major Wall Street focus as more Americans shift into self-employment and seek larger tax shelters. Once a niche option for freelancers, the plans allow individuals to contribute as both employee and employer, enabling up to $72,000 in annual tax-advantaged savings — far above traditional 401(k) limits. Firms like JPMorgan, Betterment and fintech startups are targeting wealthier post-pandemic contractors and small-business owners with simplified digital platforms and expanded investment options, including alternatives.

Read the full article on Bloomberg