The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: SIMPLE S.E.P. Plans||Date: 12/10/1998 5:09 PM|
|Author: TMFPixy||Number: 7171 of 75643|
Greetings, Tracy, and welcome. You asked:
<<Do any low-priced brokerage firms administer SIMPLE SEP's? Now, Merrill-Lynch administers mine. Their transaction fees are HIGH. I need to get my account transferred to a cheaper broker.>>
I think you're confused. There is no such animal as a "SIMPLE SEP." There is a SIMPLE and there is a SEP, but they can't exist in combination with one another. To read a description of both, see my Foolish Retirement Plan Primer available at http://www.fool.com/retirement .
There are many brokers who will administer either type of plan. Your best bet is to first determine what kind of plan you have set up for yourself, and then call around to various brokers to see what they would charge to administer it.
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