Solo 401(k) account holders can make Roth contributions, which provide for tax-free distributions in retirement. “Even Mark Zuckerberg can contribute to his Roth K,” says Manning, noting there are no income limits.
Manning finds most people are willing to put money into retirement plans once they realize they need some diversification and that it’s easy. “We’re all a little lazy,” he says. He reminds clients, “It’s not how much you make; it’s how much you keep.”