multiple self directed retirement accounts
ok gang, i'm trying to wrap my head around this stuff..can i do a combination of a self directed (or solo--not sure the proper term), AND a roth (either IRA or 401k)?? I would really like the solo 401k, since from my undertanding you can contribute up to 50k a year..so that automatically reduces your adjusted gross income by that 50k...nice! i'm gonna need that...however, i also wouldn't mind throwing a little into a roth so it's all tax free when i pull it out.(however i'll be honest, 59 feels a long ways away)... :) for roth IRA, i believe i can contribute 5k a year..correct? for roth 401k, i can contribute 17k/year..is that right? so can i have a roth and a solo 401k?? thanks guys!