ROTH Solo 401(k) & ROTH SEP
I came across someone who has been making contributions to both their Solo ROTH 401(k) & a ROTH SEP IRA (which I believe came to be as a result of SECURE ACT since I had never seen a ROTH SEP). He was told that he can contribute the max allowed to the SEP but can only contribute as the employer to Solo 401(K). Is this correct? Any additional color would be much appreciated.
Also, is it possible to contribute 1/2 as Roth and 1/2 pretax?
Permalink Submitted by William Tuttle on Mon, 2024-02-12 23:53