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Author: ramair4 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25214  
Subject: Re: Roth 401K-brokers that allow individual stoc Date: 8/14/2013 10:24 AM
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I thought about the risk of not being diversified but with such a small amount of money to invest my choices are limited. I can't buy much of anything. I started buying individual stocks because I was trying to make the most money I can, as fast as I can to attempt to catch up. I have never been a risk taker with money. It's hard enough to earn so sure don't want to lose any but I started thinking that I probably can't earn enough before I "retire" to live comfortably. I need the money I can save to make money too.
I talked to Schwab and they do offer a 401K with a Roth option. It's not shown on their site because they go to a third party firm to set it up. That firm will customize plans for you. They said a 401k plan for me and my wife is $215/year for the "employer" and an additional $25/year for the "employee". Only other fees are $8.95/trade. That's for a basic plan with no loan option, no adviser assistance, etc... One point about it though, it's only really part Roth. "Employee" contributions are like a Roth, "employer" are like a traditional. That's still better than a regular Roth than only allows $6,500 max., and I can buy individual stocks if I want to.
Regarding the way we contribute and don't physically pay ourselves, they said as long as your tax records show (which they do)that the both of us are getting paid salaries we are fine.
I just have to be sure that my investments make enough money to more than justify the annual fee and trade fees. Another reason to have very aggressive stock choices.
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