ilmscore | Prediction Details
"so the solo 401K is a way for me as a self-employed individual to go to my entity it's a escorp right it's an LSC tax is an es Corp I can go to my entity and say hey open up this uh solo 401K in the eyes of the IRS and I'm going to now contribute just like I do the 23,000 over here but I'm going to do it to my own sort of company entity here so just like that I'm going to have my $23,000 in my solo 401k and what I choose to do is the Roth version"
By Minority Mindset | February 14, 2024 | Pending
From video
How A Financial Analyst Turned TikToker Went From $0 To $100,000 - Austin Hankwitz x Jaspreet Singh 00:36:23 - 00:36:53
Interpreted Prediction
As a self-employed individual, the speaker utilizes a solo 401(k) through their S-corp, contributing the maximum $23,000 annually and opting for the Roth version for tax-free growth.

Prediction Details

Topic
Solo 401(k) and Mega Backdoor Roth

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