-
🔥 Can I Have a Day Job 401k AND a Solo 401k?
-
0 Replies
-
Q: I contribute to my employer’s 401k at my day job but also do contract work on the side. Can I open a Solo 401k too, or does having the day-job plan disqualify me?
A: My Solo 401k Financial confirms that yes, you can absolutely have both. If you have W-2 wages from a day job and separate self-employment income from contract work—with no full-time W-2 employees other than a spouse or co-owner—you can establish a Solo 401k for the contract work. The key is understanding which contribution limits aggregate across both plans and which apply separately at the plan level.
Learn More: https://www.mysolo401k.net/can-i-have-employee-401k-and-solo-401k-for-contract-work/
mysolo401k.net
Can I Have Employee 401k AND Solo 401k for Contract Work? - My Solo 401k Financial
My Solo 401k Financial offers self-directed Solo 401k, IRA LLC & ROBS 401K Retirement Plans. Learn about Can I Have Employee 401k AND Solo 401k for Contract Work?
Log in to reply.