How can I convert my Solo 401k to a Roth Solo 401k?

Solo 401k Question Answered – How can I convert my Solo 401k to a Roth Solo 401k?

Please check out this good question from our Daily Live Zoom call. Subscribe to our YouTube Channel to get notifications of our Daily FAQs.

Solo 401k FAQ: Can I convert my solo 401k to a Roth Solo 401k assuming that I pay the taxes?

RESPONSE:

Great question as the ability to have Roth Solo 401k funds is one of the top features of our Solo 401k.

Our plan certainly allows the Solo 401k owner to convert as little or as much as they wish from their pre-tax Solo 401k sub-account to their Roth Solo 401k sub-account.

Of course, this will constitute a taxable and reportable event and we handle the required 1099-R reporting as part of our services for no additional charge.

Please see more here: https://www.mysolo401k.net/items-to-consider-if-you-plan-to-process-a-self-directed-roth-solo-401k-pretax-in-plan-conversion-in-2022/

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About George Blower

I have the privilege of educating our clients about our products and services so that they can make informed and confident decisions about their financial future. Prior to joining My Solo 401k Financial, I served as the general counsel for a subsidiary of a Fortune 500 financial services company. Learn more about George Blower and My Solo 401k Financial >>

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