Combining a Workplace 401(k) and a Solo 401(k)

September 25th, 2007 | Category: Income Taxes

Q: I have a full-time job with a 401(k) benefit. Additionally, I get side trade income (unincorporated). Can I combine my workplace 401(k) with a self-employed 401(k) plan?John A: Yes, you can. However, you have to be careful to juggle the separate limits that apply.

These include the limit on elective deferrals, the limit on self-employed contributions, and the overall limit on defined contribution pension savings…

Original post by Ryan Ellis

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