like an IRA?

Sign up, and you can make all message times appear in your timezone. Sign up

Report problem with this ad

Sep 30, 2014
2:50:22pm

NanoFab Coug

like an IRA?

are you hitting the $5500 maximum?

Report problem with this ad

NanoFab Coug

Previous username: bdoggy
Bio page: NanoFab Coug
Joined: Apr 30, 2007
Last login: Apr 19, 2024
Total posts: 35,594 (5,538 FO)

Report problem with this ad

Messages

Author

Time

401k options for unemployed or employed without 401k plan?

Indy Coug

9/30/14 2:49pm

1 -- SEP IRA, IRA, or SE 401k. 2 -- IRA

mulletino

9/30/14 2:50pm

For the SEP, the company still has to create it. For the SE 401, she'd have to

RyneK

9/30/14 2:51pm

Yeah, just threw out all options based on the little info provided.

mulletino

9/30/14 2:54pm

IRA, no?

prcoug

9/30/14 2:50pm

like an IRA?

9/30/14 2:50pm

Traditional IRA in both cases

RyneK

9/30/14 2:50pm

Let's take the absurd scenario where she has $50K to invest

Indy Coug

9/30/14 2:52pm

No, the IRA contribution limits are $5,500/year

SFCougar

9/30/14 2:54pm

So what are her options at that point?

Indy Coug

9/30/14 2:54pm

Invest the funds in a non-qualified account.

SFCougar

9/30/14 2:56pm

This is true. Lots of smart $ people on CB

Bronco Mendenhill

9/30/14 2:57pm

Not immediately. If she's under the age of 50

RyneK

9/30/14 2:55pm

This is correct. Key is earned income.

Bronco Mendenhill

9/30/14 2:53pm

Under both scenarios an IRA/Roth IRA is an option

SFCougar

9/30/14 2:52pm

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad