Hey all,
I have a solo 401k as a solo operator. I know that one can contribute to the solo 401k on the spouse's behalf as well.
I haven't been able to find how much/if spouse needs to be paid from the business in order to contribute, documenting, etc.
Does anyone here have any expertise or insight into this?
I currently have plenty of cash sitting in the business, and would be nice to be able to move some into the 401k (beyond what I max out).
Thanks!!
I have a solo 401k as a solo operator. I know that one can contribute to the solo 401k on the spouse's behalf as well.
I haven't been able to find how much/if spouse needs to be paid from the business in order to contribute, documenting, etc.
Does anyone here have any expertise or insight into this?
I currently have plenty of cash sitting in the business, and would be nice to be able to move some into the 401k (beyond what I max out).
Thanks!!
Statistics: Posted by jolmscheid — Wed Aug 07, 2024 8:12 pm — Replies 2 — Views 194