Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Roth 401k paperwork!
Old 11-01-2007, 11:41 PM   #1
Recycles dryer sheets
 
Join Date: Jul 2007
Posts: 346
Roth 401k paperwork!

I decided to start my Roth 401k and got onto Trowe price's website and got started. To start an account there must have been at least 20 pages to print out!

I started a regular account with Vanguard online in about 30 minutes start to finish...and I bet most people could do it a lot quicker...so I was not expecting this much of a mess. I have forms all over my room.

My reason for going with Trowe price was because they are one of the few that I found that offer the Roth 401k.

All I need is just a Roth 401k for myself...i have no employees and it seems like such an excessive amount of paperwork...and I don't even understand some of the questions.

Just wanted to see if anyone started a single person Roth 401k with a different brokerage and if there was as much paperwork.

Thanks

Jim
__________________

__________________
summer2007 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 11-02-2007, 12:06 AM   #2
Moderator Emeritus
Martha's Avatar
 
Join Date: Feb 2004
Location: minnesota
Posts: 13,212
Odds are there is more paperwork because it is a 401k. And add to it, a Roth option. IRAs are simpler.
__________________

__________________
.


No more lawyer stuff, no more political stuff, so no more CYA

Martha is offline   Reply With Quote
Old 11-02-2007, 09:49 AM   #3
Recycles dryer sheets
mn54's Avatar
 
Join Date: Sep 2007
Location: mpls, mn
Posts: 440
I have my accts. with Fido. I checked with them about a roth 401k but as of now they do not offer this. Hopefully in the near future they will have it available.
__________________
mn54 is offline   Reply With Quote
Old 11-02-2007, 10:30 AM   #4
Thinks s/he gets paid by the post
jIMOh's Avatar
 
Join Date: Apr 2007
Location: Milford, OH
Posts: 2,085
The IRA/401k plans will require more forms than a taxable account.
__________________
Light travels faster than sound. That is why some people appear bright until you hear them speak. One person's stupidity is another person's job security.
jIMOh is offline   Reply With Quote
Old 11-02-2007, 06:45 PM   #5
Thinks s/he gets paid by the post
 
Join Date: Aug 2004
Location: Laurel, MD
Posts: 2,947
Quote:
Originally Posted by mn54 View Post
I have my accts. with Fido. I checked with them about a roth 401k but as of now they do not offer this. Hopefully in the near future they will have it available.
Are you self employed? Fido manages our 401k and we have a Roth option which I just started contributing to......extremely easy to do. If you are NOT self employed, the company has control of whether you have the Roth option.
__________________
jazz4cash is offline   Reply With Quote
Old 11-04-2007, 07:38 AM   #6
Recycles dryer sheets
 
Join Date: Jul 2007
Posts: 346
Thanks everyone

Jazz4cash if you mean Fidelity has a roth 401k I would set up with them if I could. I checked Fidelity and Vanguard (I called them) a while back and both said they did not have the roth 401k. So Maybe now Fidelity does! If so I might set up with them.

Jim
__________________
summer2007 is offline   Reply With Quote
Old 11-04-2007, 03:35 PM   #7
Thinks s/he gets paid by the post
 
Join Date: Aug 2004
Location: Laurel, MD
Posts: 2,947
Quote:
Originally Posted by summer2007 View Post
Thanks everyone

Jazz4cash if you mean Fidelity has a roth 401k I would set up with them if I could. I checked Fidelity and Vanguard (I called them) a while back and both said they did not have the roth 401k. So Maybe now Fidelity does! If so I might set up with them.

Jim
My employer offers a roth 401k option through Fidelity and it is not new at all.............are you self employed? Maybe its only offered to institutional employers.
__________________
jazz4cash is offline   Reply With Quote
Old 11-07-2007, 03:50 AM   #8
Recycles dryer sheets
 
Join Date: Jul 2007
Posts: 346
Thanks Jazz4cash

I called and checked with fidelity on Monday and they do not offer a roth 401k for self employed people but they might next year.

Also I wanted to say that I'm glad I found this forum. I have learned a lot so far and I think the people on here are nice, helpful and smart.

Jim
__________________

__________________
summer2007 is offline   Reply With Quote
Reply

Tags
401k


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Can I contribute this much to my Roth ira and Roth 401k? summer2007 FIRE and Money 5 10-25-2007 04:54 PM
Roth 401k vs Traditional 401k keldon FIRE and Money 3 01-08-2007 01:25 PM
Trad 401k or Roth 401k for High Earners Linney Young Dreamers 7 01-01-2007 08:24 PM
Traditional 401k or Roth 401k HatePayingTaxes Young Dreamers 4 12-30-2006 10:59 PM
roth 401k and roth dont seem good deal mathjak107 FIRE and Money 29 05-29-2006 06:43 AM

 

 
All times are GMT -6. The time now is 03:56 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.