Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next
Author: grabb One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19380  
Subject: Options for Part-time employees Date: 5/24/2000 11:25 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
My wife (a physician) works part time for a group of physicians. The partners in the group (the established full-time workers) have a profit-sharing plan in place for their retirement. They do not offer this option to their part-time employees. The "group" said they would gladly send moneys deducted from her monthly paycheck pre-tax to a retirement account. However, I am unclear what legal account this could be sent to. She has an IRA and variable annuity (Index Fund-Vanguard) to which she has contributed post-tax dollars for years. Is there an account she could set up that could legally receive pre-tax dollars to serve the purpose as a retirement account and be the equivalent of 401(k) or 403(b)??? Or if there is nothing offered by the employer ("the group") is she unable to place pretax dollars in a tax-deferred vehicle? Please advise. Thanks in advance. PAG
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Apple

Microsoft Admits Defeat and Wins?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
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