Individual 401k Question Answered – Can only one spouse contribute to a Solo 401k plan?

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Individual 401k Question: My spouse and I are co-owners of a law firm with no employees.  We are thinking of setting up a Solo 401k in order to make contributions.  For this year, only my spouse will make contributions – is that ok?

RESPONSE

Certainly – it is acceptable if only one spouse contributes to the Solo 401k plan.

See more: https://www.mysolo401k.net/solo-401k-for-working-spouses/

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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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