When you think of retirement, what do you picture? White sand beaches, cocktails with umbrellas, or finally finishing that stack of books?
For freelancers and self-employed warriors, retirement can feel more like a pipe dream. But with Opolis, retirement planning is within reach!
No company 401(k) match? No problem.
Let’s get you set up for a future so bright, you'll need shades for that retirement beach.
The Difference Between a 401(k) and a Roth IRA
Hey there, savvy independent worker! Ever wondered about the difference between a 401(k) and a Roth IRA? Here’s the lowdown:
401(k): Think of it as your traditional retirement savings account, where contributions are made with pre-tax dollars, potentially lowering your taxable income today. You’ll pay taxes when you withdraw during retirement.
Roth IRA: Now, this one’s a bit of a rebel. You fund it with after-tax dollars, so no immediate tax break. But here’s the kicker: your withdrawals in retirement, including investment gains, are tax-free.
The Lowdown on Your Retirement Options with Opolis
Already have a plan you’ve been contributing to? No problem! If you have a Solo 401(k) plan or Self-Directed IRA, we facilitate rollover, allowing you to continue managing it seamlessly.
Need to get started? We make that easy too. At Opolis, self-employed individuals have access to an employer-managed 401(k) investment option.
Together with ForUsAll, Employment Commons members have an exclusive Solo 401(k) plan, specifically designed for independent workers. For just $6 a month, this plan can help you save up to $69,000 pre-tax per year, potentially saving you thousands in taxes!
So You Already Have an Existing 401(k)
Already have a plan you want to continue contributing to? No problem!
At Opolis, we make it easy to bring your existing 401(k) into the Employment Commons. You can continue managing your plan just as you have been, while enjoying the added benefits and flexibility that come with being a member of Opolis.
Our partners at ForUsAll handle the transition process, ensuring everything is smooth and efficient, so you can stay focused on your business without any disruptions to your retirement savings strategy.
Solo 401(k) for Employment Commons
Saving up to $69,000 a year pre-tax has a pretty sweet ring to it, doesn’t it?
Created in partnership with ForUsAll, our tailor-made Solo 401(k) plan for independent workers costs just $6 per month for Employment Commons members. And here’s what you get:
Save up to $69,000 per year: Combine your personal savings with company contributions to save up to $69,000 pre-tax or Roth ($76,000 if over 50).
Automatic, flexible contributions: Set a flat contribution amount or have your contributions automatically adjust with your income.
Take a loan from your 401(k): Invest in growing your business by taking a loan from your 401(k), paying yourself back with principal and interest.
Invest in cryptocurrency: Not your grandma's 401(k), but a cool way to diversify your portfolio if you’re a crypto enthusiast. Access a range of cryptocurrencies with education, guidance, and guardrails to help make sensible decisions.
Simple transparent pricing: We keep it simple with no setup fees, ensuring low fees mean more savings.
Unlock the power of investment choice: A simple core menu with optional self-directed windows provides opportunities for growth, diversification, and customization, including access to stocks, bonds, ETFs, and crypto.
DAVE, our virtual advisor: DAVE offers smart, actionable answers to your questions and complements ForUsAll's human advisors.
Stay compliant, automatically: Enjoy fully-automatic administration with full fiduciary protection, including 3(38) Investment Fiduciary and 3(16) Administrative Fiduciary.
Account fee: Just $6 per month plus 0.5% of the account balance per month, which includes expanded investment options, access to financial advisors, and seamless integration.
Roth IRA for Independent Workers
Thinking that an IRA might be the best choice for you? You can open a Roth IRA through your registered company, and use Opolis to help you handle withholding and contributions.
Health Benefits Tailored for You: Comprehensive Coverage
Opolis isn't just about retirement planning— it's about leveling up your lifestyle as a freelancer or self-employed champ. We get the hurdles you tackle daily, so we've got your back. We offer top-notch health benefits that streamline your life and supercharge your business operations.
Health insurance coverage can be a headache for independent workers, but Opolis has your back. We offer budget-friendly health coverage options tailored to fit your needs perfectly. Say goodbye to sky-high premiums and hello to essential health benefits that fit your budget:
- Health Insurance: Pick from a range of health benefit plans that fit your health and budget needs.
- Dental and Vision Plans: Maintain a bright smile and clear vision with our wide range of coverage options for dental and vision care.
Take the Next Step with Opolis
Retirement planning isn’t just for corporate drones. Whether you prefer traditional 401(k) plans or are intrigued by the crypto route, Opolis offers diverse options tailored for your needs.
Managing retirement plans, health benefits, and legal protections on your own can be overwhelming. Opolis simplifies your business by offering comprehensive services in one place.
Let us handle the heavy lifting so you can focus on what you do best—running your business.
Contact Us
Remember, it's never too early to start planning. Act now to ensure a comfortable, secure retirement, no matter how you earn your bread. Ready to start planning your future?
Visit our website or drop us a line at [email protected].
Stay savvy, stay secure, and let's build that future together.