Self-directed Solo 401k Question Answered – Do I have to contribute to my Solo 401k?

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Self-directed Solo 401k FAQ – Do I have to contribute to my Solo 401k?

RESPONSE

No – there is no minimum contribution requirement.

One of the top reasons that clients set up accounts with us is that a Solo 401k has the highest contribution limit for any defined contribution plan available to self-employed individuals.

At the same time, with a Solo 401k there is no minimum contribution requirement so that a self-employed person has the ability to increase or decrease his or her contribution amounts as their self-employment income fluctuates.

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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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