Your Solo 401k contributions are based on your compensation from the adopting business of your Solo 401k. Your compensation determines the amount you can contribute. Since your Solo 401k contributions are based on your compensation, it’s important to define compensation correctly. So what is compensation? Compensation is active, not passive, income Active income is earned from … Continue reading Defining compensation
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Defining compensation
Your Solo 401k contributions are based on your compensation from the adopting business of your Solo 401k. Your compensation determines the amount you can contribute. Since your Solo 401k contributions are based on your compensation, it’s important to define compensation correctly. So what is compensation? Compensation is active, not passive, income Active income is earned from … Continue reading Defining compensation