Date registered: Aug 2002
Vehicle: 190E, 400E, SLK350
Location: Chesapeak Bay
Mentioned: 2 Post(s)
Quoted: 1046 Post(s)
I am certain that I am not maxing out the 403b because I never contributed to it other than my employer's contribution. My wife does not work.
I would prefer to defer the taxes and put the whole loot in the fund. In addition I would like to open a trading account to play with any idle money instead of sitting in the savings. The bottom line, I don't want to pay taxes on this earning even though I might have a lower tax bracket right now.
If I chose your services what would be the minimum balance to start an account? Can it combine retirement with active trading? What’s your fees and trading costs? (The latter question you can hold on until later).
But I need an answer to these questions, what’s the maximum contribution one can make into an IRA or a Keogh? Having filed a W9, can that classify the income as earned from self employment even though I have a full time job as a prof.?
I checked the IRS website and I walked away more confused than ever. I need clear plain English instructions; that shit was written for space aliens.