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Author Topic: Retirement Funds  (Read 2680 times)

mustachianit

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Retirement Funds
« on: December 18, 2012, 03:56:46 PM »
Hello,

Currently my husband has a roth IRA and he gets pension and profit sharing from work.  Could I open a 401k plan for him as well?  Not sure how it works and any help would be agppreciated.

Thank you!!!!
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rugorak

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Re: Retirement Funds
« Reply #1 on: December 18, 2012, 06:39:09 PM »
In short probably not. You can't do a 401k yourself. His employer would have to offer it. There are some other options if they did not offer anything but since they have a pension system most likely the Roth IRA is all you can do on your own. But hard to say for sure without knowing more about what his employer is offering.
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mustachianit

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Re: Retirement Funds
« Reply #2 on: December 19, 2012, 05:22:30 AM »
Ok, thank you.  His employer does not offer 401k at all.  They have money they give him each year that they manage.

Thanks again for the response!!!!
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