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Author: |
Rob Stephens, Founder of CFO Perspective, Adjunct Instructor Gonzaga University |
Course Length: |
Pages: 40 ||| Word Count: 11,410 ||| Review Questions: 5 ||| Final Exam Questions: 8 |
CPE Credits: |
1.5 |
IRS Credits: |
1 |
Price: |
$13.45 |
Passing Score: |
70% |
Course Type: |
Text |
-basics.webp?1787480119)
Technical Designation: |
Technical |
Field Of Study: |
Taxes |
Approved Audience: |
NASBA QAS - NASBA Registry |
Key Takeaways: |
This self study text course covers the essentials of setting up, maintaining, and optimizing a Solo 401(k) plan for self employed individuals and business owners without full time employees.
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Frequently Asked Questions: |
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Description: |
This course covers the essentials of setting up, maintaining, and optimizing a Solo 401(k), a retirement plan tailored for self-employed individuals and business owners without full-time employees. It’s designed to empower solopreneurs, small business owners, and financial advisors with the knowledge to maximize retirement savings through a Solo 401(k) plan. The course begins with an introduction to the benefits of Solo 401(k) plans, including high contribution limits, tax advantages, and flexibility in investment options. Participants will learn about the eligibility requirements, plan types (brokerage vs. self-directed), and the steps to set up a plan. Key topics include the various types of contributions—traditional pre-tax, Roth, after-tax, and catch-up contributions—and their respective limits. Learn how to navigate the dual roles of "employee" and "employer" to maximize your contributions. The course also explores advanced strategies like Roth conversions and the "Mega Backdoor Roth" for maximizing tax-free growth. Participants will gain insights into maintaining their Solo 401(k), including restating plan documents, managing investments, processing loans, and filing required tax forms like Form 5500-EZ. The course also addresses important considerations for distributions, rollovers, required minimum distributions (RMDs), and the handling of plan assets upon the participant's death. With practical examples, detailed explanations, and expert insights, this course equips participants with the tools to make informed decisions about their retirement planning. Whether you're a solopreneur seeking to optimize your financial future or a business advisor guiding clients, this course provides actionable strategies to leverage the unique benefits of Solo 401(k) plans. |
Usage Rank: |
12000 |
Release: |
2026 |
Version: |
1.0 |
Prerequisites: |
None. |
Experience Level: |
Overview |
Additional Contents: |
Complete, no additional material needed. |
Additional Links: |
Internal: Tax Treatment of Retirement Plans / Pensions & Annuities
Internal: Individual Retirement Accounts / IRA Rules
External: IRS - final regulations on new Roth catch-up rule (SECURE 2.0)
External: IRS announces administrative transition period for new Roth catch up requirement; catch-up contributions still permitted after 2023
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Advance Preparation: |
None. |
Delivery Method: |
QAS Self Study |
Intended Participants: |
Anyone needing Continuing Professional Education (CPE). |
Revision Date: |
09-Apr-2026 |
NASBA Course Declaration: |
Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
Keywords: |
2026 Solo 401(k) Basics - a Taxes CPE course for CPAs |
Learning Objectives: |
Course Learning Objectives Upon completion of this course, participants will be able to do the following:
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Course Contents: |
Chapter 1 - 2026 Solo 401(k) Basics Solo 401(k) Basics and Benefits Setting Up a Solo 401(k) Contributions and Limits From Rules to Examples Retirement Savings Contributions Credit ("Saver's Credit") Contribution Limit Examples Review Questions #1 The Roth 401(k) Maintenance Distributions and Rollovers Key Takeaways Review Questions #2 Glossary |
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