Can I contribute to both a Roth IRA and the Roth provision of a Solo 401(k)?
YES! This is great news for individuals who qualify for both a Roth IRA and a Solo 401(k) since you have two plans to make Roth contributions to and increase your tax-free earning potential! For individuals who qualify for both a Roth IRA and a Solo 401(k) the combined Roth contribution limits are $22,000 if under age 50 and $28,500 if 50 or older. Eligible married couples who both work in the business can each fund their own Solo 401(k) and double those amounts.
Latest Webinars
Q&A with STC
Join us for a webinar focused on answering YOUR questions about self-directed retirement accounts. We'll have a brief overview of self-direction and then we'll answer all your questions.
You can now send us your questions in advance. When you register for the webinar simply type your questions in the Questions & Comments box. We'll answer all the questions we receive in advance and any asked during the live webinar.
You can learn more about the types of investments that are available with a self-directed account, how the setup of your account is completed and how you go about making an investment. You'll also learn some sophisticated ways of maximizing your flexibility with an STC account.
Now's your opportunity to learn how you can best utilize a self-directed retirement account with STC to grow your retirement wealth.