|
The Motley Fool Discussion Boards
|
Previous Page | |
|
Investing/Strategies / Retirement Investing |
||
|
URL:
http://boards.fool.com/keough-plan-11168733.aspx
|
||
| Subject: Keough plan | Date: 8/19/1999 1:10 AM | |
| Author: jlcchandlr | Number: 13250 of 76610 | |
|
I currently have both a Money Purchase Pension Plan and Profit Sharing Plan with Vanguard as the trustee. I would like to set up a second Profit Sharing Plan with a discount broker so that I can purchase individual securities, without necessarily transferring everything I have in the Vanguard plan. It seems to me that I should be able to do this as the annual contribution to my current plan is not a fixed percentage. I am currently contributing 10% to the MPPP and 15% of income to the PSP. I've gotten different advice from various sources and would like some assurance that I can do this. Has anyone out there done this? Is it legal? If so, can I roll over or transfer part of the Vanguard PSP money into the new plan? Thanks in advance. |
||
| Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us | ||