Solo 401(k) plans are the retirement vehicle of choice for the self-employed, according to a survey of financial professionals by the IRA Financial Group.

More than 80 percent of those questioned said they considered the solo 401(k) a better retirement savings plan, the survey of 50 accountants, CPAs and tax professionals, reported. That’s a huge change from five years ago, when the majority recommended that their clients invest in SEP-IRAs.


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