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Updated over 4 years ago,

User Stats

211
Posts
109
Votes
Sean H.
  • Developer
  • north carolina
109
Votes |
211
Posts

traditional IRA contribution?

Sean H.
  • Developer
  • north carolina
Posted

-im entirely self employed

So, im looking at tradtional IRA contribution for the year and its based on mgai. If i made 175k for the year, and contributed the maximal to my solo 401k (57k), does that effectively bring my mgai down under 122k?

Does contributing maximal to your solo 401k affect your traditional IRA contribution or do they work concurrently?

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