No. of Recommendations: 0
Hi folks,

My husband is employed by a very small company which will be offering a SIMPLE IRA plan starting in January.

The employer (who is basically clueless about investing) wants to set up the employees' accounts with full service broker Edward Jones (ugh!), probably because their office is across the street. When my husband met with an EJ rep last week, he found that the choice of funds was horrible and the fees were outrageous.

In a previous thread on this board, I read that employees have a choice of where to keep their SIMPLEs. Can anyone tell me more about this? If we want to set up the SIMPLE at Vanguard for example, does the employer have to go along with our choice and still provide matching funds? Also, is it possible to read IRS publication 590 online, and if so, does anyone have a link?

Thanks very much,
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.