Being a freelancer or solopreneur comes with freedom— freedom to choose your projects, set your own schedule, and be your own boss. But with that freedom also comes a challenge: managing your retirement savings. Unlike traditional employees who have access to 401(k) plans through their companies, you’re on your own when it comes to planning for your financial future.
That’s where Opolis and ForUsAll step in, offering a 401(k) solution designed specifically for people like you. Let’s dive into how this partnership works and why it’s a game-changer for independent workers.
Why Retirement Planning Matters for Solopreneurs
It’s easy to put off thinking about retirement when you’re focused on growing your business and keeping clients happy. But the truth is, retirement planning should be a top priority for freelancers, especially when you don’t have an employer-backed retirement plan.
Many freelancers and solopreneurs end up contributing less to retirement accounts than their traditionally employed peers, which can leave them scrambling later in life. By setting up a 401(k) now, you’ll not only secure your future but also gain some immediate financial perks.
That’s where Opolis and ForUsAll come in to make it easy.
The Opolis and ForUsAll Partnership: A 401(k) Tailored for You
When you partner with Opolis, you’re not just getting help with payroll, taxes, and health benefits— you also gain access to a Solo 401(k) plan powered by ForUsAll, a company known for making retirement savings easy and accessible.
The Opolis-ForUsAll 401(k) combines the best of both worlds: a high-quality retirement plan with low fees and the flexibility to save at your own pace.
Whether you’re new to the idea of retirement saving or you’ve been contributing to an IRA, here’s why this plan could change your financial future:
1. Tax Benefits You Can’t Ignore
One of the biggest perks of contributing to a 401(k) as a freelancer is the tax advantages. With a Solo 401(k), you can contribute both as the employee and the employer, meaning you can set aside more money each year than you could with a traditional IRA.
In 2024, you can contribute up to $69,000, depending on your age and income. That’s not just padding for your future; it’s a strategy to reduce your taxable income today. You could be paying yourself while saving a small fortune in taxes.
2. Lower Fees = More Money for You
ForUsAll specializes in keeping investment fees low. Why is this important? Because high fees can eat away at your retirement savings over time. With ForUsAll’s streamlined approach, you can be confident that you’re not losing money to unnecessary costs— money that should be growing in your retirement account.
The combination of Opolis’s commitment to financial transparency and ForUsAll’s low fees means more money stays where it belongs: in your future.
3. Flexibility to Save at Your Own Pace
One of the beauties of being your own boss is flexibility, and your 401(k) plan should reflect that. The Opolis-ForUsAll 401(k) allows you to contribute whenever you want— no rigid schedule or mandatory contributions. So, whether you’ve had a high-earning month or things are a little slow, you have control over how much you save and when.
And don’t worry if you’re starting late! This 401(k) plan allows catch-up contributions if you’re over 50, so you can maximize your savings even if you didn’t start early.
4. Investment Options That Work for You
ForUsAll gives you a wide range of investment options. You can choose from a selection of index funds that offer low-cost, long-term growth opportunities.
If you’re someone who loves getting into the weeds with investments, you’ll appreciate the variety. If you prefer to set it and forget it, ForUsAll’s default portfolios take care of that too.
Your money works as hard as you do, without the need for constant monitoring.
How to Get Started with the Opolis-ForUsAll 401(k)
Ready to start saving for retirement? Getting set up with the Opolis-ForUsAll 401(k) is incredibly easy.
1. Become an Opolis Member
First things first— you’ll need to become an Opolis member. Don’t worry; this isn’t some exclusive club. Opolis membership is designed to give solopreneurs and independent workers access to essential tools like payroll, health benefits, and now, a 401(k).
2. Sign Up for the 401(k) Plan Through ForUsAll
Once you’re a member, signing up for the 401(k) plan is a breeze. ForUsAll’s platform is easy to navigate, even if you’re new to retirement planning. You’ll be able to review your investment options, set your contribution rates, and automate the process to make saving effortless.
3. Start Saving and Enjoy the Perks
Once everything’s set up, you can start contributing to your 401(k). The tax benefits will kick in, you’ll have access to low-fee investment options, and you’ll enjoy the peace of mind that comes with knowing you’re taking care of your future.
Why Opolis and ForUsAll Are the Perfect Pair
At Opolis, we’re all about making life easier for independent workers, and partnering with ForUsAll is just one more way we do that. Freelancers and solopreneurs often get overlooked when it comes to financial services, but we believe you deserve the same advantages as everyone else. By working with ForUsAll, we’re able to offer a high-quality 401(k) that fits your lifestyle and financial goals.
Whether you’re just getting started or looking for a way to supercharge your retirement savings, the Opolis-ForUsAll 401(k) is the tool you’ve been waiting for.
Don’t Wait— Secure Your Future Today
The earlier you start saving, the more time your money has to grow. If you’ve been putting off retirement planning because it seemed too complicated or out of reach, the Opolis-ForUsAll 401(k) is here to simplify the process.
With tax benefits, low fees, and flexible contributions, there’s no better time to take control of your financial future.
Join Opolis, sign up for the 401(k) plan with ForUsAll, and start building the retirement you deserve— without all the hassle.
Reach out to us at [email protected] to get started!