Solo 401k and Simple IRA
A client has set up a solo 401k in one of her businesses and also has a Simple IRA in another business. Is she limited to deferring a total of $17,500? Or can she defer $17,500 in solo 401k and $12,000 in the Simple IRA?
A client has set up a solo 401k in one of her businesses and also has a Simple IRA in another business. Is she limited to deferring a total of $17,500? Or can she defer $17,500 in solo 401k and $12,000 in the Simple IRA?
Permalink Submitted by Alan - IRA critic on Thu, 2014-02-20 18:25
This might violate the following rules: http://www.hortongroupblog.com/controlled-group-and-affiliated-service-group-rules/What is the exact ownership form and her interest in these businesses?