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Learning, Sharing, and Teaching => Investor Alley => Topic started by: mmm_tasty on December 26, 2017, 01:13:04 PM

Title: Transfer to solo 401(k) after business has closed?
Post by: mmm_tasty on December 26, 2017, 01:13:04 PM

I previously established a solo 401(k) with my business. My business has taken on employees so I am no longer able to contribute to the solo 401(k), per regulations.

Having said that, am I still able to transfer funds from a traditional roth ira to this solo 401(k)? I would think so since its a transfer and not a typical contribution but want to poll the collective intelligence of this forum.

My goal is to get some pre-tax funds in my traditional ira and sep ira into the solo 401(k) so that I can complete a backdoor IRA.

Title: Re: Transfer to solo 401(k) after business has closed?
Post by: retireatbirth on December 27, 2017, 08:02:01 PM

I did an IRA rollover into my Solo a few years ago for the same reason. I can't remember what research I did, but I'm usually pretty cautious and felt comfortable doing this. Curious if anyone has a definitive answer.