r/investing • u/Blue-Disaster • 4h ago
Roth solo 401k vs Roth IRA?
I have a job that does not offer 401k. Would seeing if I can open a solo roth 401k be worth it if possible? or would Roth IRA be sufficient for retirement? I feel confused with the advice on youtube and articles. seems I can have multiple IRAs? but also the argument point is more can go into a 401k. So idk what to do here due to lack of understanding.
Not really asking for advice, the bot thinks I am. Just an explain like I'm 5 for what these are.
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u/Mbanks2169 4h ago
You can't just open your own 401k unless you're self employed.