A solo 401k, sometimes referred to as a one-participant 401k or a self-employed 401k, is a retirement account designed for self-employed individuals with no full-time employees. If you’re a business owner with no employees, or if it’s just you and your spouse in the business, a solo 401k could be a great option for you.
Financial goals are the personal, big-picture objectives you set for how you’ll save and spend money. They can involve different aspects of personal finance like budgeting, getting out of debt, saving for retirement, and more. Here are some examples of financial goals. Examples of financial goals range from short-term objectives like creating an emergency fund to long-term aspirations such as achieving financial independence.
Financial well-being is more than just a luxury; it’s a necessity for a balanced life. How ready are you to set and achieve the most impactful good financial goals this year? Let’s establish up front that good financial goals are something more substantial than dreams or wishes. They can start as dreams or wishes, but they have an action plan behind them that spells out how to convert a desire into something real.