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bjah666
New Member

Both my wife + me are self emp. I have a 401k account. Can we make a $5.5k contribution to my account in her name or does she need separate 401k acct?

 
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2 Replies
dmertz
Level 15

Both my wife + me are self emp. I have a 401k account. Can we make a $5.5k contribution to my account in her name or does she need separate 401k acct?

Are you and she self-employed in the same business or are your self-employment businesses entirely independent of each other?

Both my wife + me are self emp. I have a 401k account. Can we make a $5.5k contribution to my account in her name or does she need separate 401k acct?

Your contribution to a 401K can be in your name only and on your behalf only.

If she is part of a business as self-employed she would do her own 401K.

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