403b and Solo 401k maximum retirement plan contributions combined | Reddit
"If I contributed the max to my W-2 employers 403b, I cannot contribute any more employee contributions to my solo 401k, correct? Just up to 20% of my income from my locums gig as the “employer contribution”, correct?
The employer contribution is up to 20% of net earnings (which is profit minus one half my self employment tax)
It seems that the employer contribution is limited to half of net earnings from self employment minus the employer contribution. Since I will not be making any employer contributions to my 401 (since I maxed out my 403b) this limitation does not apply right?
Technical question - when contributing to my solo 401k, do the funds have to come directly from my locums company (like how 403b contributions are cut from my w2 income) or can I simply contribute from funds I have in my checking account?"
/ technical_401k_questions
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