On 8/29/16 1:56 PM, Alan wrote:
> On 8/24/16 8:02 PM,
nick...@gmail.com wrote:
>> Can a freelancer set up more than one self-directed 401k at different
>> brokers?
>>
> The rules allow you (self-employed individual) to have more than one
> qualified retirement plan. E.g., you could have two Solo 401K accounts
> with different plan administrators. Why you would want to do this is
> beyond me as your annual contribution limit is the same regardless of
> how many accounts you have.
> I.e., your maximum annual contribution is $53,000 not counting catch-up
> contribution of $6000 if you are age 50.
>
accounts. It's commissions and expenses on certain mutual funds