Complicated Aspects of 401(k)s – Podcast #44
Lots to discuss today about 401(k) loans, solo 401(k)s, convincing an employer to switch out of a crummy 401(k), and still answering questions about the backdoor Roth IRA.
Lots to discuss today about 401(k) loans, solo 401(k)s, convincing an employer to switch out of a crummy 401(k), and still answering questions about the backdoor Roth IRA.
I'm a huge fan of Solo 401Ks for self-employed physicians. You can max it out ($52K in 2014) on less income than a SEP-IRA, you can get a Roth option in it, and you can still have Backdoor Roth IRAs...
Today's Q&A Series is a little different from most, because I'm the one asking the question. I'm also providing the answer, but only because it was handed to me on a silver platter. I like to th...
The IRS expects you to pay yourself a reasonable salary as an S-Corp. An important factor in that decision should be the effect on how much you can sock into a retirement plan.
Sep-IRA vs Solo 401K If you work as an independent contractor, meaning you get a Form 1099 each pay period instead of a W-2, you're responsible for your own benefits, including a retirement plan. You...