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| *Ostroff, Fair and Company>>>Personal Finance |
How to buy a 801(k) plan for retirement ? |
I need a detailed step by step way to show me how. Employers may offer 401(k) retirement plans to their employees. Some organizations match the employee contributions; some don't. An individual can purchase a wide array of retirement investments. The easiest ways are online or walking into your bank and asking to speak to a "registered representative." A self-employed individual can set up a 401(k) for him/herself, but they are more likely to use the SEP-IRA path. See wiki links below, as well as the Washington Mutual and Wachovia Securities Divisions Source(s): Registered rep, Series 6 & 63 licensed, over 10 yrs ago, now an accountant http://en.wikipedia.org/wiki/401(k)... http://en.wikipedia.org/wiki/individual_... http://en.wikipedia.org/wiki/sep_ira... http://www.wachovia.com/personal/page/0,... http://www.wamu.com/personal/accountchoi... These so-called 801k plans are explained in a previous Y!A posting: http://ph.answers.yahoo.com/question/ind... |
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