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WCI #229: Retirement Accounts Q&A

White Coat Investor Podcast

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Can I Make a Spousal Solo for One K Contribution?

With a spousal i r a, you can make a full i r a contribution no matter what your spouse does. You don't have to get a real four one k until you have a non spouse employee. In this sort of situation where you're consulting and you're making ten thousand bucks, you really are not going to be making any sort of spousal solo for one k contribution. But if you want to figure out a way to have your spouse actually be working in the business, and you pay her a reasonable salary for that, then she can make pretty significant contributions.

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