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SEP-IRA, Individual-401K, Backdoor Roth: Contribution & Conversion Questions

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  • #31




    Thanks Johanna!

    So just to make sure I am understanding this correctly, if I contributed ~$8k into my residency-sponsored defined contribution plan for this year and made ~$12,000 in 1099 income from moonlighting, I can:

    1) Still contribute $10k into my 401k at my new job

    2) Contribute $3k into a solo-401k ($12000 x 0.25)

     

     
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    1. Yes

    2. You can contribute $2,400 ($12,000 x .20), the limit if you are self-employed

    Working to protect good doctors from bad advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

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