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#155976 03/17/05 07:46 AM
Joined: Aug 2004
Posts: 106
P
Member
Dave,
Yes, you can contribute 25% of compensation or $40,000---Whichever is smaller. I think you are required to make contributions to all elegible employees too though.

Pat


Power to the people
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#155977 03/17/05 01:59 PM
Joined: Feb 2004
Posts: 494
M
Member
Hi,
I have several retirement accounts...AMERITRADE

private: http://www.ameritrade.com/offer/ira.html

self directed: http://www.ameritradeinstitutional.com/bpa-b2-1-overview.html

rollover: http://www.ameritradeinstitutional.com/bpa-b3-1-rollovers.html is about the best thing going...you can open one online with no money to start...fund it anytime with as much as you want..nice interest rates and you can use some of it to trade..

even if you put only 5% in a week...it is a good idea...myself I put everything extra in there i can..when i retire in a few years i want something beside ssi..

i have been fortunate that i worked for some generous companies who matched a large percentage of my contributions..

just try and leave it alone when the tough times hit about january!

regards

greg


[This message has been edited by mustangelectric (edited 03-17-2005).]

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