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> Solo 401(k) If you are self-employed, you can also consider a SEP-IRA, which has similar limits. The only downside is it is only available in traditional fla
by dheera 2y ago
> Solo 401(k)
If you are self-employed, you can also consider a SEP-IRA, which has similar limits. The only downside is it is only available in traditional flavor, no Roth. You can roll it to a traditional IRA and then do a Roth conversion though.
- neilv 2y agoI initially had a SEP IRA for my consulting income, but the Solo 401(k) figured out to much higher contribution amounts for my circumstances at the time, so I moved. I've heard mixed things about doing backdoor Roth from SEP IRA.