Hi Peeps,
Question about a scenario.
I currently work and max out my 401k employee contributions of 18k at my full-time W2 job.
I was going to do some part time IC work at another ER and was wondering if I could pay my wife (who doesn't have a 401k). If I pay her $18k to maintain a website which advertises me for my IC work and Locums work...could she theoretically use that money to shelter $18k in her own solo401k? I ofcourse would be doing my own secondary employer contribution of 20% after costs for my own Solo401k.
Does this scenario make sense and is it legal? Thanks a ton for your help. Have a great week!
Question about a scenario.
I currently work and max out my 401k employee contributions of 18k at my full-time W2 job.
I was going to do some part time IC work at another ER and was wondering if I could pay my wife (who doesn't have a 401k). If I pay her $18k to maintain a website which advertises me for my IC work and Locums work...could she theoretically use that money to shelter $18k in her own solo401k? I ofcourse would be doing my own secondary employer contribution of 20% after costs for my own Solo401k.
Does this scenario make sense and is it legal? Thanks a ton for your help. Have a great week!
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