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Author: Sumac2001 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76106  
Subject: Simple IRA - 4 months to deposit $6000? Date: 8/28/1998 3:55 PM
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Hello:

During this month of August our company is setting up a Simple IRA retirement plant. This
plan allows me to contribute up to $6000 of my salary into a Simple IRA. I will now have
four months to contribute into this plan. Since I do not have 12 months to average out the
$6000 contribution, is it possible to have my employer deposit the $6000 over the next four
months into my Simple IRA Account or can I only deposit a percentage of my salary it into
the account?

I have been getting different answers from different brokers and mutual fund companys.

Thanks for your help.

Douglas -


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