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BDO India Hello fellow consultants, i have been offered a package of 66K GBP from Deloitte for the position of Manager - Cyber Internal Audit, Financial Services, Risk Advisory - Manchester. I am currently working for BDO India and will be relocating, what are your views on this? What are the extra relocation and accomodation benefits i can ask for? I am a 24 year old bachelor and i have 3 YoE. BDO Deloitte India Deloitte USI BDO RISE Private Limited
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I finally did it...put in my notice. Feels good man.
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You can contribute from any source. However, the amount you can contribute will be limited based on the LLC’s earnings as well as any contributions you/your employer makes to a 401k from your main job.
You cannot contribute more than your net earnings, which is ~92% of the net income on Sch C.
All 401(k) contributions are employer contributions. The "employee" portion you're referring to is the elective deferral of compensation. You cannot elect to defer compensation which doesn't exist, which is why the elective deferral cannot be more than net earnings.