Roth Solo 401K
I have a Roth Solo 401K. Each year my income is about the same. I was wondering if I can put into my account what I normally put in for the year early (3/15/23)?
As long as I am not over the amount I am allowed to put in by the end of the year (12/31/23) would I be ok? Am I able to do this?
The following year can I put in the money 1/1/24? What the earliest or the rules regarding putting money into the account?
Thanks so much for your time! I really appreciate it!
Permalink Submitted by Alan - IRA critic on Thu, 2023-03-02 00:26
What entity is your business operating under?
Permalink Submitted by D S on Thu, 2023-03-02 16:32
It’s a Unincorporated Business, I get a 1099 misc.THANKS ALAN for all your help!
Permalink Submitted by Alan - IRA critic on Thu, 2023-03-02 21:13
If self employed you can contribute prior to earning the income and as early as January of the tax year, but if you create an excess deferral you will have to correct it.