SEP, SIMPLE, 401-k, IRA

From: "Mataka . Chris" <CMataka@drc.com>
Subject: SEP, SIMPLE, 401-k, IRA
Date: Fri, 22 Aug 1997 22:35:33 -0400 (EDT)

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persfiners.

i'd be interested in receiving info/advice regarding an appropriate
retirement plan for my significant other.  she is one of only two
employees (her boss is independent consul for a large dc firm) and they
currently do not have a retirement plan.

for background, she is 26 year's old and is paid $40k/year.  her only
other investment is a small-company growth fund into which she monthly
dollar-cost averages.

her firm uses paychex for its payroll.  i contacted them regarding their
401-k recordkeeping, but the cost is probably too prohibitive: $1300
one-time setup fee and $95/month.  (they're sending me literature on
their plans, but i failed to ask if they would be willing to negotiate
for a two-person firm.)

given this scenario, i'm looking recommendations for an appropriate and
not-so costly retirement plan (and/or a decent source for info).  i've
done some minor web browsing and downloaded irs pub 560 (retirement
plans for the self-employed) which has specifics on the sep and simple.
given that she will have to broach the subject with her boss and the
possible significant expense to him, i'm wondering if i should simply
get her to open an ira.

thanks in advance,
- -chris.
cmataka@drc.com

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