Hello,
I am a newbie and just recently opened an Individual Roth 401k with Vanguard and I am self employed.
Is there a way to make automatic monthly contributions to meet the maximum of $19k for 2019?
The gentleman I spoke with on the phone that helped me get the account setup said there is no way to make automatic monthly contributions like with a Roth IRA because it is much more difficult to withdraw the money once it is in.
I figured there may be a payroll company that it can be setup with or maybe something else I am not thinking of?
I wanted to try to make the investing part as seamless and hands off and automatic as possible, and depositing $1,600 / mo isn't very hands off if I have to login and transfer it manually every month.
How is every other business owner doing this? Are most business owners just depositing the $19k in cash immediately? What about those that don't have the $19k in cash and have to or want to DCA and deposit monthly?