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As an employee, you cannot directly setup a 401K, it must be set up by your employee. If you are self employed (generally defined as you get a 1099 vice a w2 but the 1099 can't be from a bank or stock account and you report the income on schedule e, se or f of your income tax return), such as a real estate salesperson or a sole proprieter, you can set up a solo 401k. Additional info is available at http://www.penscotrust.com

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How do pensions compare in terms of benefits and investment options?

Pensions typically offer guaranteed benefits based on salary and years of service, while investment options are managed by the pension fund. Individual retirement accounts offer more flexibility in investment choices but do not guarantee a specific benefit amount.


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Transferring your 401k to a Vanguard account can offer benefits in terms of lower fees, a wide range of investment options, and access to Vanguard's reputable investment management services.


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To find out if your employer offers pet insurance as a benefit, check with your HR department or review your employee benefits package.


What are the benefits of using a brokerage credit card for managing investments?

Using a brokerage credit card for managing investments can offer benefits such as earning rewards on purchases, consolidating investment expenses, and simplifying tracking of investment-related spending.


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To find a custodian for your 401(k) from a previous employer after termination, start by contacting your former employer's HR or benefits department to obtain information about your plan and its custodian. You can then research potential custodians that offer rollover services, ensuring they are reputable and provide the investment options you desire. Finally, complete any necessary paperwork to initiate the transfer of your funds to the new custodian.

Related Questions

Are there any part time jobs that offer employer sponsored healthcare benefits in the DC area?

Yes, there are art time jobs that offer employer sponsored healthcare benefits in the DC area. Read more at en.wikipedia.org/wiki/Health_insurance_in_the_United_States There are only a few part time jobs that offer employer sponsored healthcare benefits. Benefits are normally reserved for full time employess.


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Do part time jobs offer insurance?

Some part time employers do offer insurance benefits,it is up to the individual employer.


What are the benefits of transferring my 401k to a Vanguard account in terms of fidelity and investment options?

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Can you use FHA loans in conjunction with VETERANS benefits to purchase a home?

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Does my employer offer pet insurance as a benefit for employees?

To find out if your employer offers pet insurance as a benefit, check with your HR department or review your employee benefits package.


What are the benefits of using a brokerage credit card for managing investments?

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Does physical therapy offer medical insurance vacation time or retirement?

Physical therapy itself does not directly offer medical insurance, vacation time, or retirement benefits; these are typically provided by employers. If you work as a physical therapist or in a related role, your employer may offer these benefits as part of your employment package. It's essential to check with your specific employer for details on the benefits they provide. Additionally, self-employed physical therapists would need to arrange their own benefits.