Solo 401k

Can I make Solo 401k contributions from my S-corp K-1 income?

Self-employed 401k FAQ: Can I make Solo 401k contributions from my S-corp K-1 income?

Can I roll my Solo 401k into a ROBS 401k Business Financing Plan?

Self-Employed Solo 401k FAQ – Can I roll my Solo 401k into a ROBS 401k Business Financing Plan?

Can I transfer-out Roth solo 401k funds before 5 years QUESTION

Even though I’m 69 years old and won’t have to take required minimum distributions from my Roth solo 401k until I turn age 73 , I’m doing some planning now. Here is my question. Can I just transfer the Roth solo 401k funds and leave the pretax solo 41k funds alone to a Roth IRA. […]

Is a Roth Solo 401k different than a Solo 401k Plan QUESTION:

Do I need to open two solo 401k plans if I also want to make Roth Solo 401k contributions? ANSWER: No. Technically, a business owner does not set up a Roth Solo 401(k). Instead, a traditional solo 401(k) is established and a Roth solo 401(k) is added as a feature. While not all solo 401k […]

RMD In-kind Roth Solo 401k QUESTION

What happens if I am over 73 years old and RMD’s come into play on the 401k? How do they assess what percent you have to take? Just by the amount of money in the account? Or by the overall value of the real estate? If you keep buying property you feasibly could have little […]

Roth IRA Transfer Restriction QUESTION

Can we roll our current Roth IRAs into the solo 401k program, while maintaining the account as a Roth IRA? ANSWER: No, as the Roth IRA rules do not permit for the transfer of Roth IRA funds to a Roth 401k including a ROTH solo 401k. This is a Roth IRA rule. To lean more […]

How to Add My Spouse to the Solo 401k Plan QUESTION

Add my spouse

QUESTION: I have a solo 401k. I am curious how to add my spouse to my plan, so I can provide her the ability to contribute to my solo 401k? ANSWER: First, if she is not yet listed on the solo 401k plan, we first need to list her on the plan documents.  Second, as […]

S-Corp Both Spouses Contribution QUESTION

Scorp both spouses solo 401k

QUESTION: The Mega Roth might work very well for one of my clients.  He is Sheriff and has a real estate S-Corp. business on the side with no employees and wants to maximize the ROTH for him and his wife.  Would his wife need to be an employee to get the $66K limit for both? […]

Can I buy Treasury I-bonds directly from my Solo 401k brokerage accounts?

Solo 401k Treasury Bonds FAQ – Can I buy I-bonds directly from my Solo 401k brokerage accounts?

Form 1099-R Reporting – Transfer of Pretax Former Employer 401k to the Pretax Self-Directed Solo 401k

Transfer of Pretax Former Employer 401k to the Pretax Self-Directed Solo 401k

The transfer/direct-rollover of pretax former employer plan funds including 401k, DBP, PSP, 403b, 457b, TSP, for example, to a self-directed solo is a reportable on Form 1099-R but NOT a taxable. Pursuant to the following IRS instructions https://www.irs.gov/pub/irs-pdf/i1099r.pdf see the following for the definition of a direct rollover. Reporting the Direct Rollover on Form 1000-R […]

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