You areto use your employee contribution, so you're correct that you cannot use it in this other four in k. That total is 19 thousand 500 per person per year. You can't put any of that into your solo for on k. But if it's worth the hastl of having a solo for onq to save a few bucks, then go, ahad and do iti.
In this week's episode we are taking listener questions regarding retirement accounts. We talk about 403(a), 403(b), and 457(b) accounts and what the maximum contributions for those are. We cover defined benefit plans vs a mega backdoor roth and when to pick which or both options. We answer questions about taxable accounts and catch-up contributions as well as differences in employer contributions and solo 401(k) accounts and when you can make contributions for a spouse. If you have questions about retirement accounts you will find some answers here.
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