INDEPENDENT SOUND FINANCIAL ADVICE SERVING CLIENTS SINCE 1986

 

Advisory Financial Services is a bi-coastal fee only comprehensive financial services firm a Registered Investment Advisory with over 30 years financial services experience committed to helping our clients improve their long-term financial success. 

Contribution limits in a one-participant 401(k) plan SELF EMPLOYED BUSINESS OWNER ALERT !!    LOOKING FOR TAX DEDUCTIONS 

The business owner wears two hats in a 401(k) plan: employee and employer. Contributions can be made to the plan in both capacities. The owner can contribute both:

                              2021 contribution limits vs. 2020