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3
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1answer
183 views

100% Contribution to 401K / Payroll Taxes

This is actually a followup question to a previous post: Tax implications for a 100% 401k contribution limit I mistakenly posted it there first as an answer. I'm new here ... Sorry! My question ...
1
vote
1answer
115 views

With max contributions possible, what are the advantages of an IRA over a solo 401k?

The only cited disadvantage I have seen for solo 401k's are fees to administer them. My broker has no fees, so we can cross that off the list. Given my position to max out a solo 401k and contribute ...
2
votes
1answer
111 views

Exercise ISO or NSO in solo 401k?

I have a solo 401k. My employer does not offer one. What is the correct way to exercise employee stock options with capital from the 401k to make the resulting stock an asset of the 401k? Ideally ...
2
votes
1answer
144 views

I'm self-employed, should I contribute to a SEP-IRA or a Solo 401k?

I own my company and am the only employee. I have set up a SEP-IRA, but have yet to contribute to it. Can anyone expand on benefits of my SEP-IRA vs. opening a Solo 401k and contributing to it ...
3
votes
1answer
81 views

Individual 401k and employed at another company

I am a US resident currently employed at a company that I don't own, a peon. I want to do some work on the side so I was going to setup an LLC. With that LLC I was going to rollover 401k funds from ...
5
votes
1answer
670 views

Moving current employer 401k balance into self-directed solo 401k?

Let's say my employer offers a 401k. In general, this means I can only pick from a basket of funds to invest in. I prefer self directing my investments, and my broker offers a no-fee solo 401k. I ...
0
votes
1answer
106 views

What are the requirements for setting up a solo 401k?

I'm leaving a job that has a 401k for a startup that has no 401k. I can switch to using a traditional IRA but the max contribution per year is 5K, so that would cut my tax-deffered savings per year ...
3
votes
1answer
247 views

Where can I find a Third Party Administrator for a self-directed solo 401K?

Following up from my question here, can anyone recommend a good Third Party Administrator (TPA) that can create/amend a non-prototype plan for a solo 401k for a flat fee? Either that, or a site that ...
4
votes
2answers
2k views

Can I be my own administrator for an Individual/Solo 401k?

I'm interested in creating a company and rolling my 401K into a Solo or Individual 401k so that I can have more control over my investments. From what I've seen so far, it looks like you need an ...
3
votes
1answer
355 views

Can I contribute to both a solo 401k and a regular 401k in the same year?

I was self employed during the first quarter of 2011, then switched to full time employment. I have a solo 401k that I haven't contributed to in tax year 2011. I have been contributing to my ...
6
votes
1answer
293 views

I have a 401k loan used for a house down payment and now I am changing jobs: What should I do?

I guess this could be a cautionary tale, but I am hoping it can be remedied. I had a job that I am leaving, but I had took a 401k loan to put down on a house. I don't have the money to pay it back ...
6
votes
2answers
199 views

Best way to fund solo 401k account in cash crunch?

I'm Self-employed in the US. 2010 was a good year, and I am facing a big income tax bill. Will owe $18-20k in April. I can reduce that significantly if I max out my solo 401k at $45k. Haven't made any ...
0
votes
1answer
27 views

What threshold to move from SEP to Solo401k?

I'm self employed. Currently planning to fund a SEP for 2010. At what threshold do I need to switch to a Solo401k? (I'm in the SEP because (a) it's easy and (b) it's cheap -- no fees. Solo401k looked ...