Solo 401(k) Contribution Rules & Corporations

Adam Bergman discusses how the Solo 401(k) contributions rules work with a corporation, whether it is a "C" or "S" corp.
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IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions.
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Пікірлер: 3

  • @WhatsThatItsPat
    @WhatsThatItsPat Жыл бұрын

    I have a single-member LLC S-Corp. To make it easier on myself, can I (and should I) just contribute the entire annual $61,000 max via after-tax Roth conversion? This way I don't have to complicate my payroll with any 401k stuff.

  • @miguelmagallmm
    @miguelmagallmm Жыл бұрын

    How can you determine the 25% profit sharing? Is that from the net or gross income?

  • @IRAFinancial

    @IRAFinancial

    Жыл бұрын

    Hi- the 25% employer profit sharing amount is based on our W-2 and not the profits of the business. I know the name “profit sharing” is confusing. Whereas, if you are self-employed, the 20% employer profit sharing amount is based on the net Schedule C amount. Hope this helps and thanks for the question.