does anyone know of one? I am trying fo follow David Bach to put my $
directly into a tax-deferred a/c but my employer sends my $ directly to
me.
any thoughts on how I can put my $ directly into a tax-defeered a/c?
thanks
Erica
Post removed (X-No-Archive: yes)
Might you be confusing some of the vocabulary here?
As PeterL was implying, I gather you want something like a 401(k) (which
only your company can offer and arrange) or a Traditional IRA (which you can
start, assuming you meet certain legal requirements, which are easy to
understand). Google for {Traditional IRA set up}. Sites like
come up.
There's not really a category of mutual funds that may be described as "tax
deferred." There are ways to put money into an account and buy almost any
mutual fund and receive tax advantages on the principal and earnings.
For help with opening a Traditional IRA, just call any brokerage (say
Vanguard, Fidelity, Wells Fargo etc.) you like and ask them to help you with
the paperwork for setting one up. The paperwork is very short for the firms
with which I've worked. Like two or three pages, tops.
Have you considered a Roth IRA, with its different tax advantages?
"Erica" <> wrote
> does anyone know of one? I am trying fo follow David Bach to put my $
> directly into a tax-deferred a/c but my employer sends my $ directly to
> me.
>
> any thoughts on how I can put my $ directly into a tax-defeered a/c?
On 31 Aug 2005 15:50:02 -0700, Erica <> wrote:
> does anyone know of one? I am trying fo follow David Bach to put my $
> directly into a tax-deferred a/c but my employer sends my $ directly to
> me.
>
> any thoughts on how I can put my $ directly into a tax-defeered a/c?
Do you get a check or direct deposit. Although, not for that purpose, I
do a split direct deposit. I have a set amount DD to my checking account
used for automatic home loan payments and escrow (from which I pay
tax/insurance myself), and remainder DD to another checking account.
Otherwise whatever broker you are using could likely do an automatic
monthly electronic funds transfer from your checking account.