The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/opening-a-keogh-acct-10456592.aspx

Subject:  Opening a Keogh acct Date:  12/10/1998  4:02 PM
Author:  Meowiz Number:  7168 of 76388

First of all, I got it from the HORSE'S MOUTH (the IRS) that yes, JABoa, Pixy and Jo? were correct about not needing to open Roth or other IRA till April if it is not conversion Roth. So, since I already did my penance for challenging JABoa, by eating my (polartec) hat (8 [~ , I have no need to feel like the other end of the horse! Thank you all for pointing the horse in the right direction!

NOW, next question:

I have a Keogh acct. which I opened through a Financial planner several years ago. I am not at home, so can't check which I have, but it's either the 10 or 15% one. Since I want to open a second one for the opposite amount, i.e., for a total of 25% between the two, I HAVE to do this by Dec. 31, open it , that is, per the IRS phone agent today. I can contribute up to April 15. I would rather open this second Keogh acct myself, without the financial planner. How can I do that? Same way as you all told me earlier, by contacting something like Vanguard myself on line? Does it have to be totally separate from my other one, which I eventually want to change to control myself, also. Thanks.

meowhinnnnying


Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us