Can I Adopt a Solo 401K Plan if I have an Existing Full Time Job?

January 23rd, 2012

Thus, as long as the individual has some sort of self-employment business activity that generates self-employment income or has the potential to earn income and that business has no employees other than the owner(s), a solo 401K plan can be adopted by that business

Read More →



What happens if I Make an Excess IRA Contribution?

January 26th, 2011

Generally, an excess IRA contribution is the amount contributed to an individual’s Traditional IRA and Roth IRA for the year that is more than the above limits. Regular (not rollover) contributions made in the year a person is age 70½ and any later year are also excess contributions unless made to a Roth IRA. An excess contribution [...]

Read More →