Question: at moment 4:05 you mentioned the Roth component of the solo 401K in-plan conversion could turn ALL of the tax deferred money ($46,000) to tax free money. Please explain how does this work exactly?
Do you have a single SEP-IRA's or multiple SEP-IRA's if multiple contributors? 1. Would my employed (W2) and self employed (sole prop) SEP-IRA contributions go in to a single SEP-IRA, or would I be required to have two SEP-IRAs? 2. Is there any problems with taking a SEP contribution for my sole prop income and S-Corp W2 income? 3. Would I keep two Form 5305-SEP's for my records? My Sole prop income was in Q1 only. This sole prop then became a SM-LLC (S-corp election) and was my income for the rest of the year.
5:51
Question: at moment 4:05 you mentioned the Roth component of the solo 401K in-plan conversion could turn ALL of the tax deferred money ($46,000) to tax free money. Please explain how does this work exactly?
What if you’re a sole proprietor?
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Can I set up a SEP-IRA if I'm an S-Corp.
This is also my question. Did you find out?
Great presentation, fully understood, thank you
Love your clear explanations !
Happy to hear that! Thanks for the feedback!
BEAST appreciate this
Thank you 🙏
Thank you
I am a w2 employee with no benefits ..just hourly rate.. can I start a sep ira
Tradițional or roth is Good for w2
If I have an employee eligible person do I have to contribute equally? Or can I say here's 5% just for them each
Do you have a single SEP-IRA's or multiple SEP-IRA's if multiple contributors?
1. Would my employed (W2) and self employed (sole prop) SEP-IRA contributions go in to a single SEP-IRA, or would I be required to have two SEP-IRAs?
2. Is there any problems with taking a SEP contribution for my sole prop income and S-Corp W2 income?
3. Would I keep two Form 5305-SEP's for my records?
My Sole prop income was in Q1 only. This sole prop then became a SM-LLC (S-corp election) and was my income for the rest of the year.
When did Ted Cruz start making youtube videos?
said the same thing
I see the comments with lots of questions, work with a local CPA if you are serious.
Thank you very much