Search found 6 matches

by firegirl
Mon Apr 30, 2018 4:05 am
Forum: Investing - Help with Personal Investments
Topic: Taxes, Solo 401k, and advice
Replies: 6
Views: 377

Taxes, Solo 401k, and advice

I am planning on having a minimum net income of $50k from a small business prior to any depreciation. My business purchased a vehicle and if I remember correctly I can depreciate it 100% the first year (the 50% bonus depreciation confuses me, not sure about that ). The vehicle amount is roughly $32k...
by firegirl
Sun Feb 11, 2018 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Passthrough deduction affected by solo 401k?
Replies: 40
Views: 2866

Re: Passthrough deduction affected by solo 401k?

Curious about this as well.
by firegirl
Wed Jan 31, 2018 8:18 am
Forum: Investing - Help with Personal Investments
Topic: Solo 401k rollover question
Replies: 1
Views: 166

Solo 401k rollover question

I own a small business and I have a 403b from W2 employment. Spouse has no retirement options as work. He has a Rollover tIRA ($40,000) that was created from an old 401k at previous employer. Since he is my spouse, he would qualify as a participant of my solo 401k (non-protype plan). I am considerin...
by firegirl
Tue Jan 23, 2018 6:25 am
Forum: Investing - Help with Personal Investments
Topic: Solo 401k provide options and a thank you
Replies: 4
Views: 355

Solo 401k provide options and a thank you

I had asked about discountsolo401k a few days back because of the ability to take loans out and do an after tax rollover roth. After reviewing the comments and my corp income and business net profits, I've decided to save the cash and go with a free version for my small business. If my side business...
by firegirl
Tue Jan 16, 2018 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k options
Replies: 7
Views: 527

Solo 401k options

Getting ready to open a solo 401k for this year. Fidelity is free and easy to open from what I read and seems to be my best, low-cost startup plan. In a year or two....if my income increases, can I switch to using DiscountSolo401k.com where I can set up the plan with all the options available (after...
by firegirl
Tue Jan 16, 2018 4:35 am
Forum: Investing - Help with Personal Investments
Topic: Taxes/Investing/Early Retirement - Mid 30 y.o.
Replies: 2
Views: 533

Taxes/Investing/Early Retirement - Mid 30 y.o.

Specifics: Me: Full Time Employed with 403B, 6 % match, fairly good Fidelity options. No after tax account available. Balance $25,078 (Just increased to 16% contribution. Me: Roth 403B - Vanguand Total Stock Market Admiral (Maxed Out for 2017/2018). 11,500 Me: Taxable - Vanguard Total Stock Market I...