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Individual 401k and company 401k
I an independent contractor working for a bank.
Will make 160k to May and plan to contribute 63.5k to my individual 401k plan (57 plus 6.5k for over 50)
If i then get permanent employment for rest of year and give up my contractor job. It seems I can them contribute 25.5k (19.5 +6) to the new company 401k and get their match.
Will assume I can still deduct my health care costs for the first 5 months as an independent contractor as well.
Thank you for any insights
‎January 18, 2020
6:17 AM