No. of Recommendations: 1

Ok, now you have confused me. The reason my employer gave for not being able to do the SEP or money purchase was because one employee did not wish to contribute.

For the third time, your boss is wrong.

FWIW, many professionals predict money purchase plans are obsolete given the increased contribution limits due to EGTRRA '01. If you think this is confusing I "won't even go there".

Seems I have been asking too many questions.... Naaah, retirement planning is confusing for professionals, laymen tend to obfuscate matters to a greater degree.

To clarify matters, your boss is simply confused or does not want to fund a retirement plan.


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