LLC needed for solo 401k?

[jsingh5292]

Hello,
If I am both a 1099 (LLC) and W2-I understand my employee portion is limited to 22.5k for 2023. If I choose to use the entire employee portion...

[skoopman]

My organization is getting bought out and I will be getting 1.2 million after taxes with the rest getting reinvested into the company. My income will...

[Jarpee]

Hi all,

Have a question for the tax professionals here: I rolled my wife's employed 401k over to a s401k earlier this year. She has a sole...

[kemi119]

Hello,

My employer offers an After-Tax contribution to our 401k. This is in addition to our ( pretax or Roth) contribution. The After-tax...

[up975]

My father passed away earlier this year, and as my mother also passed away several years ago, I now face several financial decisions. I've inherited my...

[CTaMd]

HELP!

I was referred to a financial planning group upon completing training by a former colleague who vouched for them.
Part of their...

[Sierra Tango]

Hello all. I am a new DIY investor after finding the WCI and Bogleheads. I am early in practice (early 30s), so just starting my career and wanted to...

[WantingToRetire]

I'm new here and also somewhat financially illiterate so don't flame me too hard for not knowing all the fancy terms and such. Looking for a bit of advice...

[dermres120]

Hi all,

I'm looking for recommendations regarding a TPA to help setup/manage a solo 401k that allows MBDR.

I currently have...

[Planta88]

Hey guys, I was hoping for some advice. My work's Retirement Accounts have limited investment options for their 403b and 457b investments. I've listed...

[tysknight]

My wife quit her employer in 2020. She opened a solo 401k in 2021, rollover the 401k from the custodian Guardian and contributed $19500 for her private...

[Clacarte]

I recently posted a long list of questions that you all have helped answer and some I have answered on my own. I have recently learned that my employer...

[firedoc]

Hi,

I am currently a resident and have a non-matched 401k (technically 403b) at my institution. I can contribute to Roth, traditional, or...

[Derm81]

Hey there. Wondering if anyone else out there is in the same boat, and if this is common with small practices. Recently found out that the American Funds...

[hoosier]

Due to a corporate buy-out I am being forced to move a small 401k amount from my prior employers 401k plan.
My only options are;
1. Cashout...

[Rozo]

Hey everyone. I recently changed employers (internship to PGY2 residency program) and have about $25k of pretax dollars and about $25k of Roth dollars...

[Silverdoc]

My wife just accepted an academic position, and is being offered the choice between a defined benefit plan (6% of salary annually, with 0.013 x annual...

[Ponyo]

Hello WCI community,
I will starting a new job in August 2021 with $470k annual salary. I was hoping to max out my 401k starting out but this employer...

[Ushdadude]

Everyone talks about asset allocation and diversification within you retirement portfolio. That includes holding different index funds. If someone has...

[FloridamanMD]

I am a partner with a subspecialty group of >30 physicians. The group is 100% physician owned. Our group has been approached with a "opportunity"...

[ResidentNewToFinance]

WCI community,

I’m an intern doing a prelim year in one institution before starting an anesthesia residency in a different state and hospital...

[txpeach2]

Hi all, I've been reading lots of discussions about Custom Solo 401k plans and I'm pretty close to pulling the trigger with mysolo401k and having brokerage...

[BeamOn]

I am changing employers and need to roll assets out of my old employer's plans. At the employer I have a 401k (including employer and employee contributions),...

[Momo]

Hey folks. I keep going back and forth between paying off debt aggressively, investing in my retirement accounts aggressively (can contribute up to 95K...

[Azuren]

I am a new physician who finished residency and moved to Louisiana. I am keen in contributing into retirement accounts. However, I have been given too...

[Ryder37]

Hi All,

I'm a writer working with AARP the Magazine on a piece where I'm looking to speak with those over 50 years old and investing some...

[doctorB]

I need a little advice since I have been feeling a overwhelmed coming up with a reasonable plan on how to save for retirement payoff my student loans,...

[mchristensen]

Hello, I have a question about roth conversions and whether I should be doing them.

I am a Family Medicine physician in my early fifties,...

[Yankeyesfan]

I recently graduated residency and am going for my first job. I will work for a non-profit that offers the following for retirement: 1) 403(b): Can contribute...

[johnworkman01]

My wife is starting a job as a part-time, 1099 therapist. We do not need her income for living expenses, so the goal is optimize tax savings and the amount...

[Rozo]

I am a resident with 3-5 years left before attending time. I have been extremely lucky in life where I have no loans / debt and was gifted ~$150k in the...

[owenp21]

Hi all - looking for some general guidance.

I am a W2 with two employers. One offers a 403b plan with a match (I max this out but contributions...

[djoseph]

Hi, I'm a first time poster and new member. Thanks in advance for your help. I would like to get advice on the most efficient ways of getting to the $56k...

[JDF10986]

Hi everyone,

I currently have most of my retirement money invested in target date funds through Fidelity (401K, 403b, and 457). I have spent...

[xilex]

Hi everyone, I'm just starting a job with the University of California system and am trying to understand what options are available to me and the maximum...

[boardscrusher]

For the first time, I will soon have the opportunity to contribute to a governmental 457 plan as an employee of a state university hospital. Can anyone...

[HDSoRA]

Hey all, I'm a first year anesthesia resident, and I have a question about the best type of investment account to open for a 10 year saving goal.
...

[Cyclicmadness]

Hello all,

Longtime reader of WCI and I was hoping I could get another perspective. I'm mid 30s doc and max out all tax advantaged accounts...

[Aj]

I have ~25+ year old whole life NWM policies that are currently self funding themselves. The cash value is just over $900K. I have two questions for...

[allesandre2014]

1120S Question

In regards to Line 7 Wages / Salary

and Line 17 Pension Profit share calculation.



...

[SeaBehr]

I'm leaving a former employer who I had a 401k with about $40k in it. I've been reading that it's best to convert it to my IRA which I have with Vanguard,...

[ceejay000]

Hello,

I am a partner in a 3 physician practice and we are trying to figure out how to allocate profit sharing for our 401k plan. I am relatively...

[CobraKai]

Hello, I am new to WCI, getting my finances in order.

I am a military GMO, pulled from residency to perform active duty tours, so i do not...

[litovskyassetmanagement]

Just got this today:
https://401kspecialistmag.com/trader...erisa-lawsuit1

Several things to take away...