After-Tax Contributions

After-Tax Contributions

Do you need to have after-tax contribution options in your Solo-K? No. If you want to maximize your contributions to your Solo-K, should you consider having a plan with after-tax contributions? Yes! If you are interested in maximizing Roth contributions and creating the ability to have an additional source of Roth funds (explained in more detail below) in your Solo-K,…read more →

Taking a Distribution from Your Solo-K Tax Free?!

And, we aren’t talking about a Roth distribution after age 59 1/2!! Taking a distribution from your Solo-K tax free is possible. Now these plans (also marketed as Uni-K, Individual 401(k), self-directed 401(k) and self-administered 401(k) plans) are just like any 401(k) plan…which, generally, means that this might not be possible. Ah, the first thing you think: “The person has…read more →