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Asked 6/8/2006

seeking a 401k for the self employed or small business owner?

 
 
 
 
 
 
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Answer 1/3 - Submitted 6/8/2006

Wachovia can create a Simple Employee Plan.

 
 

Answer 2/3 - Submitted 6/8/2006

sure why not ill just pull that out of my pocket *flips out big wad of cash*nah...i think ill pass.. even though i hae that much money .............good luck bud.. and if you can find it tell me wher eto get some lol

 
 

Answer 3/3 - Submitted 6/8/2006

Setting up a Self-Employed 401(K) plan is a breeze relative to other larger 401(k) plans. Many providers, mostly mutual fund companies, offer easy administrative requirements – without any voluminous paperwork involved.

There are a number of 401K providers, and some have different features offered compared to others. Some -- but not all providers -- allow you to get a loan of up to the lesser of $50,000 or one-half of your Self-Employed 401(k) account balance. Others allow you to invest in real estate.

We have our 401K for the self employed with Fidelity Investments http://personal.fidelity.com/products/retirement/g etstart/newacc/keogh.shtml.cvsr - they don't allow real estate investments and has no loan feature but the variety of mutual funds, stocks. ETFs, money market instruments, etc. that are available is what we need to grow the money. Some 401Ks only allow mutual fund investments.

Aside from Fidelity, here are other 401K solo providers:

AIG SunAmerica Funds http://www.sunamericafunds.com/sun.nsf/home?OpenFo rm
AIM Funds http://www.aiminvestments.com/
BenefitStreet http://www.benefitstreet.com/
Enterprise Funds http://www.enterprisefunds.com/
NorthTrack Funds http://www.northtrackfunds.com/display/router.aspx ?docid=10001
Pioneer Funds http://us.pioneerinvestments.com/default.jhtml?jum pto=Investor http://www.dws-scudder.com/t/external/splash/index .jhtml
Scudder Investments

 
 
 
 

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