How to do a Solo 401k Roth conversion in real life. Yes, you can do a Roth conversion in plan but your plan documents need to allow it. Most brokerage firms that provide solo 401k plans that also allow a Roth 401k inside the plan will allow it. However, a mega backdoor Roth conversion is a different transaction and usually needs custom plan documents.
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Love your videos, super helpful. So let's say I have a solo ROTH 401k. I get that my $19,500 contributions go under the ROTH umbrella, but how do I get the employer contributions under the ROTH too so they grow tax free? And then after that I would do the megabackdoor? Basically how do i get EVERYTHING under ROTH structures?
Can I open a solo 401k with a 1099 if my income is high over 120k?