Harvard Law Attorney George Blower provides an in-depth presentation on the rules regarding making contributions to multiple 401k plans.
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The solo 401k plan, commonly referred to as self-directed Solo 41k is the retirement plan of choice for the self-employed or owner-only businesses including for the features highlighted below:
-The highest contribution limits for any defined contribution plan including up to $57,000 (or even $63,500 if you are 50 or older) for 2020.
-The ability to make pre-tax, Roth and even Mega Backdoor Roth contributions.
-401k participant loans of up to $50,000
-Invest with checkbook control in real estate, cryptocurrencies, notes, private placements and other types of alternative investments.
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For over 10 years, My Solo 401k Financial is the leading self-directed solo 401k provider having helped over 8,000 clients take control over their retirement funds by focusing on superior knowledge, expertise, and customer service with over 100+ 5-star verified customer reviews on the Better Business Bureau (BBB).
