Solo 401k REDUCES TAXES and increases retirement savings with SPOUSE

by | Dec 2, 2022 | 401k | 2 comments

Solo 401k REDUCES TAXES and increases retirement savings with SPOUSE




Adding your spouse to your solo 401k can help you to reduce your taxes and save more for retirement. While a solo 401k is only for employers who have no full time employees, adding your spouse is still possible.

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2 Comments

  1. kiltedpiper

    Question, does the spouse have to have the earned income from the company, or can they have earned income from another employer? Ex. S Corp owner gives Spouse 2k in payment through W2 earnings. Can spouse put $15k into the Solo 401k if they earned more than that through a different employer or 1099?

  2. Ken McKeown

    Thank you – your videos are very informative

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