Harvard Law Attorney George Blower leads an in-depth discussion of the rules regarding adding/including your spouse to your self-directed Solo 401k plan. 2:06 Top Considerations 9:15 Contributions 10:29 One Plan but Multiple Accounts 13:02 Solo 401k Loan 14:37 Alternative Investments 19:28 Eligibility for a Spouse to Participate 26:00 One EIN, Signing Authority & Beneficiary Forms 28:50 Adding A Spouse to Plan Later LEARN MORE: The solo 401k plan, commonly referred to as self-directed Solo 41k is the retirement plan of choice for self-employed individuals or owner-only businesses including for the features highlighted below: -The highest contribution limits for any defined contribution plan including up to $57,000 (or even $63,500 if you are 50 or older) for 2020 (for 2021: $58k or $64.5 if you are 50 or older). -The ability to make pre-tax, Roth, and even Mega Backdoor Roth contributions. -401k participant loans of up to $50,000 -Invest with checkbook con
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)