UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next
Author: jlcchandlr Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76610  
Subject: Keough plan Date: 8/19/1999 1:10 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I currently have both a Money Purchase Pension Plan and Profit Sharing Plan with Vanguard as the trustee. I would like to set up a second Profit Sharing Plan with a discount broker so that I can purchase individual securities, without necessarily transferring everything I have in the Vanguard plan. It seems to me that I should be able to do this as the annual contribution to my current plan is not a fixed percentage. I am currently contributing 10% to the MPPP and 15% of income to the PSP. I've gotten different advice from various sources and would like some assurance that I can do this. Has anyone out there done this? Is it legal? If so, can I roll over or transfer part of the Vanguard PSP money into the new plan? Thanks in advance.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next


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

Does Greece Want to Leave Eurozone?
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.