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Reply to "How much shall I put into solo 401K?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm making money in my Vanguard 2040 fund, so that's where I've put mine. I assume you understand the max 25% of your W2 wage limit with the solo 401K?[/quote] Yes I do. Do you also realize the employer /your single owner business entity can match that 25% ? [/quote] +1 We contribute a combined $120K into our 401k solo from our self employment income, but we are also 50+ so we get the extra catchup. But yes, you can contribute both your employer and employee's portion into your 401k. Employer's portion is a % of your self employment income; employee's portion is fixed.[/quote]
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