Get Answers About Individual 401k

As a single member LLC, can I set up an individual 401k account under my ITIN or must I apply for an EIN?

Where in the IRS regs/publications is this question answered? Thanks

Answered 7/31/2010 | Answer This | 2 Answers | See Question

Individual 401k - solo 401k - sep ira?

I've recently become self employed and have a 401k at my old job. I just started doing research on self employed retirement plans like the SEP IRA and individual 401k. I found some good information about them...

Answered 11/20/2006 | View Answer | See Question

Individual-401k's offering bear (short) funds?

I have some money in an Individual (or "Solo") 401k plan, and I'm now intent on investing it in one or more Bear Funds. My plan (Enterprise Funds) doesn't offer any Bear Funds. I'm therefore...

Answered 7/5/2006 | View Answer | See Question

Is individual 401k max based on w2 wage or net income?

I started an "S-Corp" this year. I am the only employee. I paid myself a salary of $55,000, but I estimate another $65,000 in net profit for a total income of $120,000 this year. I have an individual...

Answered 12/17/2007 | View Answer | See Question

How to contribute to individual 401k?

How does the indivdual 401K work? It's for self-employed folks like me with no employees and other limitations. I don't understand the contributions. I swear that I read one portion happens by year-end...

Answered 4/11/2007 | View Answer | See Question

When is the limit to contribute to an individual 401k: before tax year end or before tax due day?

Answered 10/30/2006 | View Answer | See Question

What is the best (and lowest cost) brokerage for an individual roth 401k?

Many brokers (such as Fidelity, Scottrade, and ETrade) offer solo 401K (for self employed) but do not allow Roth contributions. I checked Schwab and talked to a rep. He said Schwab does not offer a Roth individual...

Answered 4/27/2008 | View Answer | See Question

Business startup money? plan to use 401k or individual account?

All, I am 27 and I would like to have the opportunity to quit my job when I'm around 40 to do consulting work. I have a 401K and Roth IRA. I've been plunking a lot of cash into these. Since I want to...

Answered 11/5/2007 | View Answer | See Question

Can an individual contribute to roth if his annual salary is at $100,000 but he contributed $15,000 to 401k?

A single perosn's annual salary is $100,000, he contributed $15,000 to his 401K. Can this individual still contribute to his roth or has he already max up the $95,000 limitaion? Genuine reply please, thank...

Answered 4/5/2007 | View Answer | See Question

Can i contribute to individual roth ira and 401k roth ira at the same time ?

I've contributed the maximum allowed for the 401k roth ira ($15500). Can I contribute another ($4500-$5500?) to an individual roth ira account? Or any other individual ira account in the same year?

Answered 1/10/2007 | View Answer | See Question