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Spousal Inclusion in a Solo 401k


If you include your spouse in your Solo 401k you could tap into higher contributions, and the ability to co-invest together. We cover: - How to maximize contributions (up to $127,000 tax deductible) by including your spouse in your Solo 401k plan - When and how to co-invest with your spouse under a Solo 401k - How to keep the books and funds clean when you and your spouse are in one plan Interested in starting your own Solo 401k? Contact us at for a free consultation!...(read more)



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If you are a small business owner, you may be familiar with the concept of a Solo 401k. This type of retirement plan is designed specifically for self-employed individuals and small business owners who do not have any employees. It allows you to contribute up to $19,500 per year ($26,000 if you are 50 or older) and offers a variety of tax benefits. One of the key benefits of a Solo 401k is the ability to include your spouse as a participant in the plan. This can be a great way to maximize your retirement savings and take advantage of the tax benefits of a Solo 401k. When you include your spouse in the plan, you can both contribute up to the maximum amount allowed for the year. This means that you can contribute a combined total of up to $39,000 ($52,000 if you are both 50 or older). This can be a great way to quickly build up your retirement savings. In addition to contributing more money to the plan, spousal inclusion also offers other benefits. Your spouse can take out a loan from the plan, which can be used for any purpose. This can be a great way to access funds for a home purchase or other large expense. Finally, spousal inclusion can also help you manage your taxes. When you include your spouse in the plan, you can take advantage of the “spousal rollover” option. This allows you to roll over funds from your spouse’s retirement plan into your Solo 401k. This can help you manage your taxes by allowing you to spread out the taxes due on the funds over a longer period of time. Including your spouse in your Solo 401k can be a great way to maximize your retirement savings and take advantage of the tax benefits of a Solo 401k. It can also help you access funds for a large purchase and manage your taxes more effectively. If you are considering setting up a Solo 401k, make sure to talk to your financial advisor about the option of spousal inclusion. https://inflationprotection.org/spousal-inclusion-in-a-solo-401k/?feed_id=74873&_unique_id=63ff757945a05 #Inflation #Retirement #GoldIRA #Wealth #Investing #bitcoinira #checkbook401k #CheckbookIRA #individual401k #investing #Investments #Lending #preciousmetals #privatenotes #realestate #realestate401k #realestateIRA #robs #selfdirectedira #selfdirected401k #Solo401k #spousalcontributions #startups #SpousalIRA #bitcoinira #checkbook401k #CheckbookIRA #individual401k #investing #Investments #Lending #preciousmetals #privatenotes #realestate #realestate401k #realestateIRA #robs #selfdirectedira #selfdirected401k #Solo401k #spousalcontributions #startups

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