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Solo 401k Tax-Free? Only the Roth Side Qualifies After 5 Years and Age 59½ Direct Answer: A Solo 401k is not automatically tax-free — its tax treatment depends on the contribution type. Pre-tax Solo 401k contributions are tax-deductible now but taxed later as ordinary income at distribution. Roth Solo 401k contributions are taxed now but […]

Contributions to Traditional IRAs and Roth IRAs Are Aggregated Contributions to IRAs and Roth IRAs are aggregated. For 2026, the total contributions you make to all of your Roth IRAs and Traditional IRAs cannot exceed the following amounts: Increased to $7,500 ($8,600 if you’re age 50 or older), or if less, your taxable compensation for […]

If you’re self-employed, your Solo 401(k) can be much more than a vehicle for stocks and mutual funds.With the right setup, your retirement plan can invest directly in private businesses, partnerships, and startups — even your own business in certain cases. Watch: Learn how you can invest a solo 401k in a business But before […]

If you’re self-employed and working for an employer that offers a traditional 401(k), you’ve probably wondered — can you contribute the maximum to both plans? The answer is yes, but only if you understand how the IRS rules work. At My Solo 401k Financial, we help self-employed professionals legally maximize their retirement savings while staying […]

If you’re self-employed and currently have a SEP IRA, you might be wondering if it’s possible — or even beneficial — to roll those funds into a Solo 401(k). The short answer is yes — and doing so can open up powerful advantages for your retirement and tax strategy. Let’s unpack how this works and […]