Fidelity Solo 401k: Why This Plan Beats Traditional 401k in 2024!

Thu, 30 Apr 2026 20:56:33 +0000

**Why Fidelity Solo 401k: Why This Plan Beats Traditional 401k in 2024!** For millions navigating retirement savings in an era of shifting economic landscapes, a quiet shift is unfolding: Fidelity Solo 401k is increasingly dominating conversations as a smarter alternative to the traditional 401k—especially for self-employed individuals, gig workers, and independent professionals. As inflation pressures, rising costs, and changing workforce dynamics reshape long-term planning, this plan is emerging not just as an option—but as a standout choice in 2024. What’s behind the growing interest, and why might it now matter for your financial future? ### A Growing Trend in the US Market The U.S. retirement landscape has long relied on employer-sponsored 401k plans, but these models often come with enrollment thresholds, limited control, and outdated contribution structures. In recent years, independent workers—representing a rising share of the American workforce—are seeking greater flexibility and ownership over their savings. Fidelity’s Solo 401k plan meets these needs directly: designed specifically for self-employed individuals and small business owners, it allows customizable contributions, higher earning potential, and full control over investment choices.