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Make sense starting solo 401k with survey money?

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  • jfoxcpacfp jfoxcpacfp 
    Moderator
    Status: Financial Advisor, Accountant, Small Business Owner
    Posts: 8113
    Joined: 01/09/2016
    If you have a SOLO-k set up, you will have another option d) roll out to your SOLO-k.

    Click to expand…

    Once you establish an individual 401k, is it legitimate to keep it open and continue sending rollovers to it indefinitely? Even if you are no longer funding it directly or otherwise engaging in self employment activities?

    Click to expand…

    Yes. I have actually bookmarked this answer from @spiritrider to post for this situation. (From my Word doc of links to particularly difficult questions that SR has answered.)

    Johanna Fox Turner, CPA, CFP, Fox Wealth Mgmt & Fox CPAs ~
    http://www.fox-cpas.com/for-doctors-only ~ [email protected]

    #235780 Reply
    Liked by CFEonline
    Avatar CFEonline 
    Participant
    Status: Physician
    Posts: 135
    Joined: 09/05/2018

    Perfect, that’s very helpful!

    #235793 Reply

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