Hello, all.
Currently, I have a Roth IRA with Fidelity. My new employer offered a 403b, but the fees are upwards of 3%, which is ludicrous. I want to be able to contribute at least $12,000 per year to retirement, but I can't do that with just the IRA.
I have the ability to give private lessons through volleyball. Not much, but perhaps an estimated $1000 per year. This would be a side hustle, and would only be done mostly in the summer or once in a while during the school year because I teach.
Can I make my own Solo 401k for this side hustle even though I don't make much from it? What steps do I need to go through with the IRS to do so?
Submitted June 30, 2022 at 07:14AM by laker4life248 https://ift.tt/HKua2Xb
