Originally Posted by Mysto
Yes, you can put the full amount in the 401k and still contribute to your Roth. Use a Solo 401K.
I wonder if there's such a thing as a Solo Roth 401K ?
For me, being semi-retired, I earn less money (doing consulting
and whatnot) than I spend, meaning that I'm drawing from my
portfolio, but not as much thanks to my self-employment income.
Seems like it'd be pointless for me to put money in a regular 401K,
because I'd simply have to withdraw more from my portfolio to meet
my expenses. (This makes sense, right ?)
BUT, if there were a Solo Roth 401K, then it seems like it WOULD
make sense to put as much of my SE income in that as possible,
because, of the huge tax advantage that money would have, even
though it means I'd have to pull more from my portfolio.
Does this make sense, and if so, is there such a thing as a Solo Roth