Rollover to solo-401K
I am trying to understand what is possible with solo-401K.
I was told by the Schwab rep that in addition to a regular *employee* contribution limits, I will be able to add %20 of my income as a small business owner to it.
Can somebody confirm/deny this?
Also, he told me that I won't be able to do a back rollover from my personal IRA to my solo-401K. Is it true?
“The problem with the world is that the intelligent people are full of doubt, while the stupid people are full of confidence.”