Individual 401(k)

Open an account with $0.
Account service fees: None (other fees apply).
Contribution limit: Up to $46,000 for 2008 ($49,000 for 2009) subject to limits.
Who’s it for? Self-employed individuals and owner-only businesses looking for high contribution limits.

Open the account that lets you:

Save for retirement quickly by making substantial salary deferrals as well as profit-sharing contributions.
Make tax-deductible contributions— your earnings grow tax-deferred.
Contribute more than SEP-IRA and profit-sharing plans allow.
Vary your contribution amounts from year to year, or even skip making contributions in any year.

Because it’s a Schwab account, you can:

Decide how your contributions are invested— use our industry-recognized research to choose stocks; bonds; CDs; no-load, no-transaction-fee mutual funds and more; or select a single portfolio solution.
Get investment guidance from a Schwab investment professional.
Take advantage of Schwab’s retirement planning tools and resources.

Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges and expenses. You can request a prospectus by calling 800-435-4000. Please read the prospectus carefully before investing.

Charles Schwab & Co., Inc. receives remuneration from fund companies participating in the Mutual Fund OneSource® service. Schwab’s short-term redemption fee of $49.95 will be charged on redemptions of funds purchased through Schwab’s Mutual Fund OneSource service (and certain other funds with no transaction fees) and held for 90 days or less. For each of these trade orders placed through a broker, a $25 service charge applies. Funds are also subject to management fees and expenses.

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