The Wealthy Accountant Forum

General Category => Investing => Topic started by: Veiled on November 19, 2017, 08:11:40 PM

Title: 403(b) affecting side hustle tax sheltering
Post by: Veiled on November 19, 2017, 08:11:40 PM
I am employed by a hospital and have a 403(b), no 457. I also have an unrelated side hustle that  eventually may produce enough profit so that I can use a solo 401(k) to shelter more of my income from taxes.

But as I read more about 403(b)s, I understand that they are "controlled entirely by the employee." I'm confused by how this affects my plan to sequester not only the maximum (employee pre-tax, employer, and employee after-tax) into a 403(b) but also into an unrelated 401(k). How much can I put into a solo 401(k) if I'm maxing out a 403(b)?

Better question: where do I go to learn about tax code to answer these questions myself?