Please check out this good question from our Daily Live Zoom call. Subscribe to our YouTube Channel to get notifications of our Daily Solo 401k FAQs.
Self-directed Solo 401k: Can I make 2022 contributions to my Solo 401k now (or do I need to wait until the end of the year)?
You can certainly make 2022 Solo 401k contributions now but be careful not to set yourself up for an excess contribution.
For example, it will be important for the Solo 401k owner to make sure that such person will have the self-employment compensation to justify the contribution so that the Solo 401k owner doesn’t end up over contributing and if an over contribution is made the excess contribution rules are followed.
