The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing


Subject:  Re: Uni-K retirement plan Date:  3/24/2004  3:29 AM
Author:  TTRoberts Number:  39996 of 88063

op2s, you asked:

<< I just read about a relatively new version of a 401(k) designed for small businesses that employ only owners and their spouses. Allows you to contribute up to $40k. Anyone have any personal experience or strong opinions about this? The info I have came from >>

Pioneer is apparently operating as administrators of a qualified contribution plan using their own set of mutual funds and calling the plan the Uni-k. Actually you can set this kind of plan up just about anywhere, as this simply has to do with the changes made back in 2001 under the Economic Growth and Tax Relief Reconciliation Act. The new rules allows a business with an “owner only” to contribute substantially more to a combination of a Profit Sharing Plan . . . .AND a 401(k) plan. You might find the following article helpful:

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us