Solo 401k FAQ Answered- Can I make Mega Backdoor Roth Solo 401k contributions with a personal check?
Last Updated 10/6/2024
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Mega Backdoor Roth Solo 401k Question: I opened six accounts for me and my husband under the solo 401(k). Can I find those accounts with a personal check?
RESPONSE:
Good question! We presume that the question is referring to a Mega Backdoor Roth Solo 401k setup where there are pre-tax, Roth and After-tax sub-accounts for each of you. Moreover, we understand that the question is referring to making solo 401k contributions.
Given this understanding is correct, a solo 401k owner can certainly make Solo 401k contributions via a personal check, provided he or she will have the required net self-employment income to justify the solo 401k contribution.
See more regarding Solo 401k contributions.
