UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: RenaissanceWoman Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76237  
Subject: SIMPLE IRA--choice of trustees? Date: 12/11/2000 12:22 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
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,
RW
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
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:
Saul's Investing Discussions

Why Did I Buy a Bunch of PFIE Today?
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