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Financial Planning / Foolish 401(k)s


Subject:  Re: Options Date:  11/19/2001  9:57 AM
Author:  JDOyster Number:  13658 of 26346

My question is since I never rolled over or closed the 401k may I invest 10-15% of my annual income for this year to in to the 401k to protect my earnings from taxes?

No; not if you're not working for the employer who sponsors the plan.

However, if you did some 1099 work, there are options for self-employed people (Keogh and SIMPLE-IRA) that you should look into.

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