Td Ameritrade 401k
How to open and manage my own 401k?
I will graduate college in May and take a job with a insurance company. I know that time is crucial to start investing for retirement, but I'm looking for a way do to help. My employer has a 401k plan that I did not need help too, and will still receive 15% of my base pay contributions each year. I like contribute personally to my pension, but I do not want to be bound by their gains 401k. Is it possible to open a second my 401k name? If so, I would also like to manage myself. I have an account with TD Ameritrade and do a bit of the trading day. Can you day trade with 401k contributions? How and what companies would you recommend to do this with?
It is not possible to open a "second" 401 (k). 401 (k) plans are employer-sponsored plans. What you can do is to open an IRA.
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