UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next
Author: overo One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76395  
Subject: keogh/profit sharing plan??? Date: 1/5/2000 10:42 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0

Hi everyone, I'm fairly new to the Fool. I've been reading and learning like crazy for 3 months or so.
I'm now in charge of our finances, and here's my problem.

My husband set up a 401K (I thought) through his work. I was fine (very happy!) with that.
It turns out that it's a keogh profit sharing plan.
What in tarnation is this exactly???

What is the maximum he can contribute to it yearly?

What's the best time schedule to contribute?

I asked for all the paperwork regarding this fund, and found he had gotten into a Vanguard BOND market index fund. Does anyone else out there have this, and what's the attraction if you do? I want to switch it asap to a Vanguard STOCK market index fund, like the ones I've read such glowing emails about.

Please, if you can give me some input of any kind it would be GREATLY appreciated!

A newly out of debt Fool(Happy dance!!), but now for the next challenge - planning for retirement down the road!

Thanks in advance for any help anyone can give...
Tisha

P.S., the total in this fund dropped by 27.64 for the past year. That makes for a crabby investor...
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Economic Implications of Cuba
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement