401k Programs for the Self Employed

Did you know that if you are self-employed you can set up a solo 401k program for yourself?

Yes, that’s right!  You don’t have to be employed by an employer who has set up a 401k program for the company’s employees.  If you are a sole proprietor and self-employed, you can set up your own 401k program to help save for retirement.

Your contributions are tax deductible up to $19,000 in 2019.  Plus, you can put in additional money of up to 25% of your net income as long as you do not exceed $55,000.  Find out details for 2020 of a solo or One Participant 401k plan on the IRS website  https://www.irs.gov/retirement-plans/one-participant-401k-plans

 

 

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BENSON ATM

The ATM at our Benson branch is not operational. While we await its replacement, ASCU cardholders that incur ATM fees at other financial institutions in the Benson area will be reimbursed.  Thank you for your patience.

 

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