Tag Archives: Roth Solo 401k

Can I do a Mega Backdoor Roth Solo 401k for 2021 in 2022?

Question: I was very busy at the end of last year and didn’t set up a Solo 401k by 12/31/2021.  Can I still set up a Solo 401k plan in 2022 and make Mega Backdoor Roth contributions?  Please note that I own my own business with no employees.  I operate my business as a single-member […]

In-Kind Roth Solo 401k Conversion of Solo 401k Owned Real Estate with Outstanding Non-Recourse Loan

For a real estate property owned by the pretax solo 401k where there is an outstanding non-recourse loan, the following applies prior to processing the in-kind conversion of the property from the pretax solo 401k to the Roth solo 401k. 1. Have the property appraised by a third-party valuation provider.   2. Then subtract the outstanding non-recourse […]

Yes! Mega Backdoor Roth Solo 401k and Roth IRA 2021/2022 Lives!

Biden announced on December 16, 2021 that Senate will take up Build Back Better in 2022, resulting in the mega backdoor (both the conversion of voluntary after-tax 401k funds including solo 401k to the Roth IRA or the Roth solo 401k as well as the conversion of non-deductible IRA funds to the Roth IRA) not […]

Mega Backdoor Roth Solo 401k Ban Passes House Hurdle But Senate Sign Off Still Needed

UPDATE: Great News! The mega backdoor will not be banned for 2022 (LEARN MORE HERE) as President Biden announced on December 16 that the Build Back Better bill won’t get passed in 2021so you just need to adopt the solo 401k plan by December 31, 2021 so that you can make all solo 401k contribution types including the […]

Back Again! Backdoor Roth and Mega Backdoor Roth Added Back to Pending Reconciliation Bill Build Back Better Act of 2021

UPDATE: Great News! The mega backdoor will not be banned for 2022 (LEARN MORE HERE) as President Biden announced on December 16 that the Build Back Better bill won’t get passed in 2021so you just need to adopt the solo 401k plan by December 31, 2021 so that you can make all solo 401k contribution types including the voluntary […]

MENU