Income needed to max out Solo 401k

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Is a solo 401k different? My accountant just told me $305k salary to max out solo 401k for 2022. She also told me she doesn’t have anyone that does...

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Thank you for the well thought out responses. I talked to my accountant again today and she told me $305k for 2022. Profits will be a little over $300k...

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I recently formed an single member LLC and elected to file taxes as an S-corp with me as only employee. Do I have to pay atleast a certain amount to...

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I doubled my income from last year. I expect my income to be similar to the current year or higher going into the future. I was using the 199A deduction...

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Thank you for your reply and your help. My accountant has crunched the numbers. I was enjoying the 199A benefits, but I have unfortunately phased out...

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I am an independent contractor and file taxes as a sole proprietor. I recently setup a solo 401k and rolled over my sep-ira into the solo 401k. For 2022,...

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Does anyone know if Congress is discussing removal of this? I know there are talks of removing the back door Roth, but wasn’t sure of the 401k Roth...

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This year I predict I will be in the 35% tax bracket. I am currently 38 years old. This is my best year yet and predict I will be in this bracket for...

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Thanks for the help. I don’t see that in this document. My accountant was wrong....

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I should have reread that passage. I see now my accountant is wrong. Thanks for setting me straight!...

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https://www.irs.gov/retirement-plans...-roth-accounts

Maybe my accountant was right? Am I reading this ...

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I am paid as an independent contractor and file as a sole proprietor for taxes. I recently opened a solo 401k with vanguard and opened 2 accounts. I opened...

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I’m in the process of rolling over my Sep IRA at Vanguard to a Solo 401k and plan to keep at Vanguard. My plan is to do this so I could utilize Roth...

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When I was born 36 years ago, my grandfather took out a $25,000 life insurance policy on me. This policy was given to my father eventually and he kept...