The Solo 401k plan is designed for a self-employed individual and his or her spouse. This means if a spouse also takes part in the business, he or she can also contribute to the Solo 401k plan. Learn more in this Solo 401k Quick Tip video.
To learn more please visit our website or contact (949) 228-9394.
If your spouse is involved and earns income from the same business activity, he or she can participate in the Solo401k plan. The same contribution limits apply to spouses. So, together, you can contribute up to $106,000 for 2015. If both of you are over 50, the total contribution limit after catch-up contribution will be $118,000. Since both of you can contribute to the same Solo401k plan, there is no need to spend extra time or money to create another retirement plan….(read more)
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Hi how much do I have to pay my spouse on W2 from my S CORP to allow her to get solo 401k $19k for Roth 401k??