Solved: IRA and Solo 401k Contributions

mrtk31 · Feb 15, 2022 8:25:18 PM

All of my earned income is 1099 and I don't want to get in trouble by contributing more than I am allowed. if the number is $16,000 that turbotax says my maximum contribution to a solo 401k plan, and I have contributed $6,000 already to a Roth IRA (which comes first in my retirement strategy), then that means I would only have $10,000 possible contribution to my solo 401k plan without getting into trouble?