Quote:
Originally Posted by Rain Man
Wow, I've never heard of that before. I'll have to look into it.
Maybe I've never heard of it because we don't have a company 401k. We have a Simple IRA, which at the time seemed to be the best tradeoff of risk and reward as a business owner. In retrospect, a 401k would have been better, but only because looking back none of the risks bit us.
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That guy I sent you for that financial planner research project you did is the one that told me.
Call him. If your plan isn’t a qualified plan, it might be worth the effort to get a qualified plant to set it up as a Roth. I’m sure your employees would appreciate it too.