I am looking for an IRA custodian/trustee company that offers a
One-Person 401(k) plan.

lucyfur-ga 

Fidelity Investments has just begun offering the plan you are looking
for, and they're starting to mail out the prospectus next Tuesday.
There's an October 1st deadline to set up for this year (2002). I
suggest you give them a call and talk, their 401K for sole proprietors
page on their web site is still blank as they are timing the release
with the mailing. I talked it over with a retirement specialist there,
and he described their one-person 401K as essentially an amendment to
their Keogh plan. With Keogh plans (and SEP's also, as of 2002)
allowing up to 25% contributions (though it actually works out to 20%
for sole proprietors) and with a 401K contribution as your own
employer, you could contribute as much as $21,000 on a $50,000 income.

If you aren't a current Fidelity customer, call them at 800-343-3548,
otherwise call 800-544-6666 .

There are some downsides with a 401K/Keogh as opposed to an SEP, such
as a minimum required contribution and an increased paperwork load.
However, I was so impressed with the basic program that I added myself
to the mailing list! I want to see if it make sense for me to open one
or to stay with my existing SEP, now that the limit has been raised
from 15% to 25% (again, they lower it to 20% for sole proprietors).

I apologize for alienintelligence-ga's off-the-wall lecture.
Retirement saving is always a good idea. As I'm sure you know, once
you establish a brokerage account with Fidelity or another custodian,
you can leave that money in cash funds, or invest in gold,
real-estate, stock or bonds, whatever suits your risk level. Putting
money under the mattress, as alienintelligence-ga suggested, is not
investing, and to venture a personal opinion of my own, it's
real-estate that's currently in a bubble.

Search Strategy

Fidelity contact information

It was a good answer however the comment response gave me more to chew on.

Hi lucyfur...

I can appreciate your interest in saving 
for the future but if I might make a suggestion,
EVERYBODY I know is getting KILLED on their fund
based 401k's... if they aren't being raked over the
coals, then they are at best idling money, with
no return. The market is EXTREMELY volatile 
right now. Many market funds are failing, even
the old ones, the market pillars.  Thank god
I don't have any money tied up in that stuff.

I mean, look at the news about Janus... I even
considered some money in Janus at one time:
[ http://biz.yahoo.com/rf/020830/financial_fund_janus_1.html ]

Or this article about other funds:
[ http://biz.yahoo.com/ms/020719/78340_1.html ]

Class Action Suit Filed Against Morgan Stanley Dean Witter Technology
Fund -- Currently Known as Morgan Stanley Technology Fund -- by
Shareholder
[ http://biz.yahoo.com/pz/020830/31268.html ]

I'm sure they aren't being sued cause people
are happy ;-)

Be a Smart Sector-Fund Investor 
[ http://biz.yahoo.com/ms/020830/80055_1.html ]
"A Cautionary Tale

Here's an example of why I'm worried about Charles and others chasing
returns. Fidelity Select Home Finance (Nasdaq:FSVLX - News) boasted
stunning returns at the end of 1997. It had gained 45.8% for the year,
on top of 53% and 37% annual gains in 1995 and 1996, respectively. The
fund was an investor magnet--its assets almost tripled from 1996
through 1997, nearly reaching $1.7 billion. Part of that increase was
due to appreciation, of course, but new money accounted for most of
it. Too bad, because the fund subsequently tanked, losing a grand
total of 25% over the next two years.

Those investors who bought in late got little of the returns and most
of the losses. Worse yet, scads of shareholders bailed when things
turned ugly, and the fund's assets plunged to less than $300 million
by early 2000. Once again, too bad. Through July 2002, the fund was up
an annualized 23.6% since the market's early 2000 sell-off."



But since you asked about One Person 401k's, 
here are some links. I won't post as an official
answer, because I don't want to be responsible
for you tossing your money away.

[ http://www.401khelpcenter.com/small_business_index.html ]


Hehe, this is how you make your money:
[ http://www.solo401k.info/ ]
NEWS:
Solo401k.com is For Sale $27,500.00

That gave me a chuckle ;-0


Guide to the Mini-401K Opportunity:
Powerhouse Prospecting in the Small Business Market
[ http://www.judydiamond.com/cgi-bin/jda/mini401k ]


What is a One-Person 401(k) Plan?
[ http://www.qpainc.com/One%20Person%20401k%20Plan.htm ]


The One-Person 401(k) Plan
[ http://www.wicpa.org/PDF/401k.pdf ]


The E-"(k)" Plan: Self-Directed 401(k) for Business owners with no
employees
[ http://www.ekeogh.com/e_K_plan.html ]


I say the best place to invest money right
now, is under your mattress, or in real estate.

good luck lucyfur
-AI

-search techniques-
"one person" 401k
[ ://www.google.com/search?q=%22one+person%22+401k&num=20&hl=en&lr=&ie=ISO-8859-1&safe=off
]