All Questions
Tagged with self-employment 401k
14
questions
1
vote
1
answer
207
views
Do you get any social security credits if you put 100% of your income in a 401(k)?
Scenario:
Your spouse is the primary earner
You had a 1099 side-job earning $15k
You put all $15k in a solo-401(k) plan
Would you earn any social security credits in this situation?
- 910
3
votes
1
answer
83
views
Can I invest in both SEP IRA and IRA or solo 401(k) if i've worked in W2 for few months and as an independent contractor for the rest of the year?
I worked as a W-2 employee from Jan-Mar and became an independent contractor from Sep this year.My employer did not provide me 401(k) or any benefits. I received around 18K after tax from W2 and I'm ...
- 43
2
votes
1
answer
81
views
Maximum 401(k) contribution at end of year self employed?
I have 401(k) through work that gets contributed monthly and it has maxed out contributions for the year ($18K).
My wife doesn't have 401(k) and is self employed. If she opens 401(k) at the end of ...
- 151
2
votes
1
answer
83
views
Employer options when setting up 401k for employees
It is a bit tough finding this info online, I am going to ask my CPA but I wanted to get some background info from the web first.
I currently have a SEP set up for myself but am looking into setting ...
- 121
1
vote
1
answer
122
views
Why does it cost $20 for each fund I want to offer in my self-employed 401k at Vanguard, but $0 for individuals?
Why is it that as an individual, I can invest in whatever fund Vanguard has, but with a small business account, there is a $20 fee for each fund? Is it harder to serve a small businesses, especially ...
- 23
3
votes
1
answer
347
views
Administrator vs Broker vs Custodian for a Solo 401(k)?
I'm planning to open a Solo 401(k) with Schwab. There are some provisions that are decided by the Plan Administrator, which I assumed would be me (my business, technically). However, doing research, I'...
user12337
7
votes
1
answer
330
views
Do overall 401(k) contribution limits sum across employers?
Assume I have a day job that has a 401(k) with no matching and I am also self-employed. I'm considering structuring my side business as an S corp and setting up a solo 401(k) in addition to the 401(k) ...
- 15.1k
0
votes
1
answer
171
views
Self-Employed Individual 401k Contribution Tax Questions
If as an unincorporated self-employed person, one contributed
x dollars to my individual 401(k) personally
y dollars to my individual 401(k) as my own employer
How are these two numbers reflected on ...
- 6,608
1
vote
2
answers
412
views
Self-employed individual 401k self, match, and profit sharing contribution limits?
I set up a self-employed individual 401k and am confused about the limits on this.
I'm a sole proprietor with no other employer-provided 401k than this one I set up on my own. It seems I can make ...
- 381
3
votes
1
answer
325
views
Self Employed 401k: contributions vs more available deductions
I'm in a unique situation this year where I worked self-employed 1099 for a few months and am full time W-2 for the rest. My full time job does not offer a 401k, but I can open a self-employed 401k ...
- 381
9
votes
3
answers
815
views
Save a dollar for house downpayment or put it in an individual 401(k)?
I am a self-employed independent contractor. I'm trying to decide what to do with any extra income I earn over the near future, given that I have the eventual goal of purchasing a house (within 2-3 ...
- 307
7
votes
4
answers
185
views
Can I set up a second 401(k) at my LLC?
I have a 401(k) at work. I also have an LLC. Can I start a second 401(k) and contribute an additional $16,500?
- 261
3
votes
1
answer
239
views
Should I cash out or rollover 401(k) securities?
I recently changed employment and have securities in my former employer's 401(k) plan.
The cash component of the 401(k) I am rolling over into an SEP-IRA.
What I need advice on is whether I should ...
- 3,963
2
votes
2
answers
148
views
Rules and tax impact of rolling over my work 401(k) to a self-employed 401(k)?
Title pretty much says it all. I am trying to do some work on the side and I wanted to put my current job's 401k money (which 95% of it was rolled over from a previous 401k) into my on 401k that I ...
- 667