Self-directed Solo 401k Daily FAQ – Can I make 2022 contributions to my Solo 401k now?

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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.

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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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