You know what they say about death and taxes. If you work for an employer, the IRS requires the employer to withhold taxes. If you don't have an employer, you will have to pay taxes on your own, and ...
Mega Backdoor Roth and Access To Your Money Before 59-1/2
In other articles I showed that contributing to after-tax 401k/403b and rolling it over to Roth IRA (the "mega backdoor Roth") is great if your 401k/403b plan allows it. It's still worth it even if ...
Solo 401k CP 214 Notice: Much Ado About Nothing
Whenever I get a letter from the IRS, my heart rate goes up. I'm afraid they are telling me something I don't want to hear. The latest letter from the IRS is quite strange. It's about my solo 401k ...
Form 5500-EZ For Your Solo 401k
If you have a solo 401k, also known as a self-employed 401k or an individual 401k, and the plan's assets as of December 31 last year exceeded $250k, you are required to file a Form 5500-EZ with the ...