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[quote=Anonymous][quote=Anonymous]

For the 401k - get an FEIN from the IRS using your name, have your 1099 show this FEIN instead of your SS. Use the FEIN to open a individual 401k (fidelity has one with no fees, very easy to set up). You can put 17,500 in it, plus up to 20% of your business net profit - so if you made 30k and had no expenses you could put 23,500 in for the year. It would not work for 2013, as I believe the account had to be opened by 12/31.

[/quote]

Good info.  I need input from CPA/Tax Attorney..  I have over $300K in 401K assets at 2 different companies.  Both are decent performers and easily come very close to market performance.  I do a backdoor Roth annually so don't want to roll the 250K into an regular IRA but would like to transfer this money into an Individual 401K so I can have better control on investments and money can grow tax-deferred.

I'm currently unemployed. Can I do this even if I don't have any current income as a self-employed person?  If I never find work again, will that cause problems?  If I later find a W-2 job can I continue to hold this Individual 401K?

A more basic question.. Is the individual 401K treated like a regular 401K for the purpose of not being counted for the backdoor Roth process?

Thanks! 
[/quote]

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