Dr. Dali: Money is fungible, but it is not that fungible. You cannot take money and use it to justify contributions into your self-employed retirement plan. Only the money you make as self-employed income can count toward that. He says if you go to whiteconvestor.com slash retirement accounts and you go to one of those self-directed solo 401k providers,. they set you up a customized plan that will allow you to make mega backdoor Roth IRA contributions.
We have continued to get a lot of your questions about all things Roth so we are dedicating another episode to your Roth questions. We answer questions about SEP IRA conversions, Roth IRA contributions, Roth contributions in a 401(k) vs. a backdoor Roth, Mega Backdoor Roth questions, how taxes affect Roth conversions and more!
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