Is there any other place or thing i can do? We don't have 401 K at work. thanx
2007-03-14 08:13:32 · 5 answers · asked by flutterbunny182 2 in Business & Finance ➔ Personal Finance
Your best option will be a IRA - same tax benefits as a 401(k), you're limited on annual contributions though.
Do some research to see if a Roth or a Traditional is right for you.
2007-03-14 08:17:53 · answer #1 · answered by AriesJWR 4 · 0⤊ 1⤋
No, you can not have a 401k if your employer does not offer one.
However, you can get a deductible IRA, which is functionally equivalent (except for lower contribution limit).
If your income is below $90,000, you can also open a Roth-IRA.
2007-03-14 08:58:10 · answer #2 · answered by Quixotic 3 · 0⤊ 0⤋
If you are saying "we", I'm going to assume you have a spouse. This means you are able to contribute to a traditional IRA, Roth IRA, and a Spousal IRA. In each of these, you can contribute up to $4,000. The contribution level is phased out when your income reaches certain levels. Review IRS.gov for the charts that include these levels.
2007-03-14 08:21:53 · answer #3 · answered by Anonymous · 1⤊ 0⤋
Open an on-line brokerage account at Scottrade. Make sure its an IRA account. Fund the account with monies and select your investments.
2007-03-14 08:21:53 · answer #4 · answered by Dave 5 · 0⤊ 0⤋
You can open an IRA (Individual Retirement Account) with just about any bank, financial advisor or such.
2007-03-14 08:18:42 · answer #5 · answered by Glennroid 5 · 0⤊ 1⤋