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Greetings, RCtl146, and welcome. You wrote:

<<My wife's employer,a small legal firm, has promised to set up a retirement plan at the end of this year.
However, she already has an ira ,(foolishly invested)
and it has become apparent that her employer is CLUELESS as to how to set this up. He would like to
start off with $5000.
I'm aware that ira/rothira contributions can't exceed $2000.
What options are there, hopefully tax deffered, that
I may suggest to get this off the ground?>>


For some ideas, read my Foolish Retirement Plan Primer at http://www.fool.com/Retirement/Retirement.htm paying particular attention to those sections dealing with SEP, SIMPLE and Keogh plans. You will also find IRS Publication 560 (Retirement Plans for Small Business) helpful. Download that at http://www.irs.ustreas.gov/prod/forms_pubs/index.html.

Regards..Pixy
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