Just a few questions on the solo 401(k) article that appeared in the October 2006 Tax Reduction Letter (Vol. 15, No. 10):

Is there an age limit (for a working person)?

Do you have to keep the 401(k) for a minimum number of years?

Can an independent contractor have a solo 401(k)?

(C.L., Wilmington, DE)

Here are the answers to your solo 401(k) questions:

The law contains no age limit on putting money into the solo 401(k).

You must start taking money out of the solo ... Log in to view full article.