Vietnamese nail salon, restaurant, and retail owners reinvest everything back into their business — but forget to build wealth for themselves. A Solo 401(k) or SEP IRA lets you legally reduce your taxable income by tens of thousands of dollars while building a retirement fund at the same time. Most owners we speak with are shocked at how much they’ve been overpaying.
Every dollar you put into a Solo 401(k) or SEP IRA is deducted directly from your business income before the IRS calculates your tax. Contribute $30,000 → your taxable income drops by $30,000. At a 25% effective tax rate, that’s $7,500 back in your pocket — legally.
Tell us about your business income and our specialists will calculate your estimated tax savings with a retirement account — in Vietnamese or English.
Our retirement & tax planning team will calculate your potential savings and reach out within 24 hours.
You’re not paying too much tax because you earn too much. You’re paying too much because no one showed you the tools the tax code gives you.
Most owners reinvest everything to keep the business running — which leaves nothing set aside for the future. When you can’t work anymore, there’s nothing to fall back on.
When business is good, you pay the IRS a bigger share. Without a retirement plan, you have no legal way to reduce that bill — every extra dollar earned goes straight to taxes.
Many owners believe retirement accounts require having employees or large capital. In reality, Solo 401(k) and SEP IRA are designed specifically for owners with zero employees — like you.
Both accounts are 100% IRS-approved and let you deduct contributions from your taxable income. Here’s how they compare for self-employed owners.
Owner + spouse only — no other employees
Easy to open, contribute until tax filing day
Here’s how opening a Solo 401(k) changes the tax picture for a typical Vietnamese nail salon owner filing as a sole proprietor.
Current situation — no tax-reduction strategy
Tax-optimized setup using Netfintax
* Estimates based on 2026 tax rates for single filer. Actual savings vary by filing status, state, and deductions. Consult our advisors for your exact calculation.
The math is clear: for every dollar you contribute to a Solo 401(k), you reduce your IRS bill by your marginal tax rate — often 25–35 cents on the dollar — while the full dollar stays in your retirement account, growing tax-deferred.
Unique to Solo 401(k): you can contribute in both roles — up to $23,500 as an employee, plus 25% of net income as employer profit-sharing. This is why the limit can reach $70,000.
Solo 401(k) is only for businesses with no full-time employees (other than a spouse). It’s built for exactly the kind of owner-operated business you run.
You save on taxes today and your money grows tax-deferred until retirement. When you eventually withdraw, you may be in a much lower tax bracket — so you win twice.
There’s no obligation to contribute the same every year. In lean years, contribute less. In profitable years, maximize — the account is yours, on your schedule.
Opening a retirement account is simpler than you think — but doing it correctly matters. We set it up, file the right forms, and plan your contributions around your actual cash flow.
We review your net profit, filing status, and business structure to determine whether Solo 401(k) or SEP IRA saves you more — and calculate exact contribution limits.
We establish the plan document, set up the account with the right custodian, and handle the IRS filings required to officially open your plan.
We work with your cash flow cycle to schedule contributions at the right time — maximizing deductions without disrupting your operating capital.
Solo 401(k) accounts with assets over $250,000 require Form 5500. We handle this completely — so you never miss a deadline or incur penalties.
We revisit your retirement strategy every quarter to adjust for changes in income — ensuring you always contribute the optimal amount before year-end.
We explain your options, contribution limits, and deadlines entirely in Vietnamese if preferred — no confusion, no missed opportunities.
We’ve helped hundreds of nail salon, restaurant, and retail owners across the country open retirement accounts, slash their tax bills, and build real wealth — often saving clients $8,000–$25,000 in IRS payments in a single year.
Many of our clients came to us having never heard of Solo 401(k). After one consultation, they had their account open and their first contribution made — in the same tax year.
Mon–Fri, 8am–5pm EST. In Vietnamese or English.