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Author: Meowiz Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 78669  
Subject: Re: Keogh rollover question Date: 1/22/1999 12:59 PM
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1/22/99 12:03 PM
Author: TheBadger

To be charged 5.7% to make Keogh contribution is outrageous. Get out as fast
as possible. Regarding your 1998 contribution, you can go to any discount
brokerage (Fidelity & Schwab for sure) and open a Keogh account, literally for
free. If you are hesitant as to how to invest the money once it is in the account,
put it all in a money market account yielding 4% until you feel more comfortable.>>

Dear Badger! thanks for your advice. This is all new to me, managing my own investments, but even I have to say I am shocked I didn't think of this! Since I had just talked w/VAnguard yesterday about putting a 401a into a money market acct. temporarily. I think I don't have the hang of all this enough yet to see the similarities between different transactions and accts. I thought the Keogh was something totally different. Many thanks. meowiz
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