401k Solo Owners - What's the Limit on Employee Contributions?

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The total amount that can go into these types of plans in 2022 was 61,000. That's employee contributions and employer from all types of plans added up together with one interesting exception: The 457 sits on its own island. So within the 67. This gentleman can do 20,500 as an employee. And then the balance 40,500 from the employer. If you set up your solo 401k such that it is allowed to take after tax contributions, you could contribute most of the rest of the $40,000 as an after tax contribution.

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The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs for specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you!

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