I would like to see a new product offered that is a combination of those currently available: 401k, IRA, and SEP-IRA combined. Right now, I can open or contribute to an IRA with $4,000 (another $1,000 if older than 50) for 2007. Or, I can start or contribute to a 401k with $15,500 (another $5,000 if older than 50) for 2007. But, if I am self-employed, I can open or contribute to a SEP-IRA with 25% of my self-employment income up to $45,000 for 2007.It sure would be nice to open an account wherein I could contribute up to 25% of my income.-- Whether self- or otherwise employed,-- Age 18 and up-- With no participation eligiblity gaps due to employment issues (like the OP mentioned) because participation would be based on income dollars and not dates of employment.GV1965IRS.govFAQ 17.2 Rollover IRA http://www.irs.gov/faqs/faq17-2.htmlFAQ 17.3 Roth IRA http://www.irs.gov/faqs/faq17-3.htmlFAQ 17.4 Traditional IRA http://www.irs.gov/faqs/faq-kw198.htmlFAQ 401k http://www.irs.gov/faqs/faq-kw7.htmlFAQ SEP-IRA http://www.irs.gov/retirement/article/0,,id=111419,00.html
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