My client came to me to say he set up a solo K for himself.  He's working and earning wages in the form of a W2.  His employer doesn't offer a retirement plan.

I thought you have to have self employed income to be able to do this?  Am I missing something here? Working and receiving a W2 is not self employmen

For sure he can contribute to an individual traditional IRA but he insisted that his investment advisor says he can create his own 401K.

What are your thoughts?