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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