Rocket Dollar Knowledge Base

    How late can I contribute to a Self-Directed Solo 401(k)?

    Elect your contribution by December 31st, make your actual contribution before your tax filing deadline.

    When do I have to elect that I'm making a contribution?

    For your Solo 401(k) you must formally elect to make an employee deferral contribution by Dec. 31.

    Do I have more time to finish my contribution like my IRA?

    The actual contribution can be made up until the personal tax-filing deadline (April 15, or October 15 if an extension was filed). Keep in mind this only refers to a Solo 401(k), not a standard employer 401(k) plans which typically need contributions by December 31st.

    Rocket Dollar is not a financial or tax advisor. The knowledge base is educational but is not investment or tax advice. Please consult your own financial advisor, CPA, and IRS guidelines before making any investment or tax planning decisions.