Welcome! | Ask A Question

 
 
 
 
Question

Asked 6/8/2006

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

 
 
 
 
 
 
Answers

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

 
 
 
 

Related Questions (Ask a New Question)

 
Can i take money from my 401k to start a small business

I would like to know if i can take funds from my 401k to start a small business tax and penalty free/

See Answers

 
Can a former employer (and self-appointed trustee) stop my 401k rollover to an ira?

I worked for 8 years at a small private corporation contributing to the 401k plan. the owner of the business is the trustee, the 401 k plan is managed by a firm contracted by him. i quit my job and want to rollover to an ira. i contacted the actuaries firm, they sent me a form that needs my and the...

See Answers

 
401k disrtribution at 59 1/2 and still employed

I am 59 1/2. i now that i have a right to receive a destribiution of my 401k plan account (i am still employeed) .unfortunatly my company where i am employeed, informed me that they have an agreement with 401k plan provied. there is an information that employee is not allowed to start distributions...

See Answers

 
Related Questions

Can i take money from my 401k to start a small business


I would like to know if i can take funds from my 401k to start a small business tax and penalty...

 

Can a former employer (and self-appointed trustee) stop my 401k rollover to an ira?


I worked for 8 years at a small private corporation contributing to the 401k plan. the owner...

 

401k disrtribution at 59 1/2 and still employed


I am 59 1/2. i now that i have a right to receive a destribiution of my 401k plan account...

 

I am 70 1/2 - non owner - must i begin taking distributions now even though i am still working and contributing to my 401k?


Age 70 1/2 - still working - still contributing to my 401k - i do not own any part of the...

 

Can i withdraw funds from my 401k while still employed.i am 68.


I am 68 and belong to a company sponsored 401k.my salary may be reduced by at least 1/3.can...

 

If the named beneficiary of a 401k is the son of the owner of the 401k, can the surving spouse of the owner claim any part of...


Dh owned a 401k listing her son as beneficiary. she was in the process of divorcing her husband...

 
 

See more 401k questions

 
 
 
 
 

Ask A Question

Ask a new question about
401k: