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IRAs and Roth IRAs
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Re: retirement account

Unfortunately, when you work for a private practice, the amount you can contribute into retirement plans is at the mercy of the group's retirement plans that are in place. Having to work 1000 hours in a calendar year and also work 12 consecutive months prior to becoming eligible to participate in the retirement plan is pretty standard.

Unless you have self-employment income, your only option is an IRA for $5,500.

When you do become eligible, try to put away the full $17.5k in salary deferrals for 2014.

Zip Code: 01801