
Self-employed 401k Question Answered – I have two businesses, can I have two (2) Solo 401k plans?

Your required minimum distribution (RMD) is the minimum amount you must withdraw from your self-directed solo 401k account each year. Unfortunately, you can’t keep funds in your solo 401k funds indefinitely. You have to start taking RMDs from your solo 401k once you turn age 72. However, for the first RMD, the IRS allows you to […]