This tag should be used for any questions related to retirement or post-retirement, such as planning or saving for retirement, or asking about benefits or issues after retirement.

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3
votes
0answers
75 views

Employer Won't Release 401k [on hold]

A client of mine came today with a scenario that I had never seen. She had worked for a company for three years, held about $60K in a 401K, but after four months from being laid off, she hasn't been ...
1
vote
0answers
38 views

Steps to calculate reduction in spending vs. savings till retirement

I'm stuck and I I think it's an algebra issue. I have a typical what do I need to save (today) so I can retire question for the first part. Let's say you need $1,239,926.43 in savings at retirement ...
-1
votes
1answer
148 views

If you are layed-off by the US Navy, do you lose retirements benefits? [closed]

Sailors in the United States Navy get a pension after 20 years of service. A few days ago, I met a man who told me he had been laid-off from the US Navy after 17 years of service and that he now ...
3
votes
1answer
157 views

Given current market conditions, how / when should I invest a $200k inheritance?

Situation: I have $100k in an IRA with Betterment, plus just inherited $200k - currently cash. I'm 34 years old and salary is $97k, with no debt. Goals: IRA: growth of principle for retirement ...
0
votes
1answer
36 views

Will interest rates on bank deposits ever fall close to 0 percent in India? [closed]

I wanted to know if interest rates will ever fall to close to 0 percent in India. + I would like to know that as close to 0 interest rates might affect the income earned through debt instruments at ...
3
votes
2answers
74 views

Retirement planning: Pension or personal saving/investing?

I work on short-term contracts that are well-paid - however, not knowing how long I will be working on a job, I have got into the habit of 'making hay while the sun shines' and saving what I can to ...
8
votes
1answer
442 views

Taking Physical Ownership of A Commodity From A Roth-IRA

Some physical commodity ETFs allow the purchaser to take physical possession of the commodity itself in return for the shares. So if a person owned the equivalent to 10 ounces of platinum and that ...
4
votes
1answer
346 views

What fiscal scrutiny can be expected from IRS in early retirement?

From Tim Ferriss to Mr. Money Mustache, fueled by contemporary prospects of making riches in technology and real estate, to name a few, one of the most popular subjects in the personal finance ...
0
votes
1answer
109 views

Saving when saving is really hard

I read the article of saving, and i like the answer but it miss some points.e.g if i earn 1700 and have a baby on way. I am still living with my in laws as i am new in this country. So in my estimate, ...
3
votes
2answers
92 views

Are tax-free investments still tax free when taking distributions?

If you read the 'Power of Zero', he talks about putting tax free investments into your traditional IRA. That way, you won't incur any taxes when you take distributions. Maybe I misunderstood what he ...
4
votes
1answer
61 views

Clarification on 2015 IRA Rollover Limits

I've run into an issue in my personal finance journey that many people now struggle with: having a collection of 401k and 403b accounts left over from previous employers, some of which have been ...
0
votes
2answers
236 views

Long term investment for money

I have some money I would like to put into very long term savings. At least 40+ years. What's the best way to save the money? I would like to accrue as much interest as possible and get a headstart ...
2
votes
3answers
237 views

Paying off mortgage or invest in annuity

We are retired, I'm 62 and my husband is 58. We have $150,000 in savings, a 401K at $105,000 and another 401K of $75,000. The home mortgage has a balance of $160,000 with 18 years left on a 20 year ...
5
votes
1answer
71 views

Can assets be transferred from an existing employer 401k to an Individual 401k?

I've been considering opening an Individual 401k account with Vanguard. I chose this, opposed to a SEP IRA, because of the higher contribution limits and the dual contribution options (as employee and ...
12
votes
3answers
6k views

Want to retire at 55, but 401(k) starts paying at 59.5 years old

Right now, I am on my late 20's, and I have this plan on retiring at 55 years old, instead of the usual retirement age of 62. For this, I plan to save money enough to cover my expenses from the day of ...
2
votes
1answer
111 views

Dad wants to retire…how can I help insure him

My dad turned 63 and has decided he wants to retire. Without going into too much details his new boss has been rough on him. More info here ...
4
votes
3answers
301 views

What is the best use of this cash, investment or payoff bills?

I am 57, will retire in 10 yrs. I have about $7000 from a matured CD. My 'portfolio' consists of a 401b with my job, no matching funds, worth about 25,000. My house will be paid off in 8 yrs. I have ...
5
votes
2answers
270 views

Should I cash out some of my retirement to pay credit card debt?

I'm very recently divorced and have accumulated the following credit card debt, both during my marriage and during my separation, when I struggled to get by while paying both a mortgage and rent on my ...
3
votes
2answers
99 views

Are there any tax-beneficial accounts in the Netherlands, like the UK's ISA or US's Roth or 401K?

I am a 31-year-old non-Dutch British citizen, living and working permanently in the Netherlands, looking for a better way to save my money for the long term (primarily retirement). I am searching for ...
1
vote
1answer
115 views

Should I cash out retirement accounts to pay off student loan debt?

I have an opportunity to cash out my retirement. I have a student loan owing approx $180,000 for medical education. This loan acquires interest daily and I have been unable to get from under this ...
0
votes
1answer
67 views

What suggested supplemental income opportunities exist for a 70 year old Canadian retiree?

This is similar to the question "Extra revenue for retiree receiving a basic public pension", but focusing not on whether, but what. I am wondering what forms of supplemental income (jobs/gigs) would ...
2
votes
1answer
697 views

401k unwanted auto enrollement

I haven't asked for this and my employer 'auto-enrolled' me to 401k. I called Fidelity to take me off but they didn't do it which make me angry. Today I got their Ad email saying Keep in mind ...
5
votes
4answers
758 views

Is it possible to get a 3% yield that is FDIC insured or super low risk?

I just graduated from college and i am already planning my retirement. I know about 401k and i have that figured out already but in terms of money sitting in my bank account post retirement, assuming ...
2
votes
1answer
128 views

Purchasing ETFs when (pretty much) everything else is maxed out

I'm sure we've heard it all before, but I wanna retire early!!!! I've maxed out my 401k at work (pretax) and get close to maxing out a Roth IRA through my bank. I have only student loans as debt ...
5
votes
3answers
132 views

Do individual retirement account balances matter for a married couple?

Do individual retirement balances matter for a live-happily-ever-after married couple? Say both spouses qualify for a workplace retirement plan. Spouse A enjoys a company match for x% and has many ...
2
votes
2answers
82 views

IRA vs Roth IRA for tax free gift

I have received a tax free gift of $4000 from a relative. I would like to put the entire amount into a retirement amount but I am not sure as to whether I should put it in an IRA or a Roth IRA. If I ...
2
votes
1answer
53 views

Calculating the present day value of a future amount?

I'd like to know what my retirement's purchasing power is. I think the best way to do that is to adjust for inflation in reverse, maybe? I know to calculate your future salary with inflation you can ...
9
votes
2answers
466 views

Roth IRA: Vanguard vs Free Advisor's Mutual Fund

Background: I recently turned 25 and became applicable to invest into my employer's 401K. Due to no matching, I have 3% allocated in as a supplemental retirement fund. Currently single, rent (no ...
2
votes
0answers
125 views

How should we organize our finances to effectively plan and prepare for an retirement in next 10 years?

How should we organize our finances to effectively plan and prepare for an retirement in next 10 years ?. My personal details are: Age 35, married with a 3 year old daughter IT consultant with a ...
7
votes
1answer
388 views

Wife wants to buy me out of our house - how to do this?

My wife and I want to separate, and have agreed in principle that she will pay me half the value of the house we share and I’ll move out. As she has just inherited a large amount following her ...
13
votes
1answer
1k views

Is the Social Security retirement benefit calculation based on the last 40 quarters, or overall?

Are Social Security payouts based on the last 40 quarters, or overall earnings? That is: If the last 40 quarters of my working career are lower than these past 40 quarters worth, how does this affect ...
4
votes
3answers
180 views

What are the down sides of maxing out the 401k?

Please advise me whether I understand this correctly: The benefits of maxing out the 401k: Your contributions are tax-deductible, so it lowers your income during tax filling As your money grows ...
18
votes
5answers
3k views

Oversimplify it for me: the correct order of investing

I have been reading the top posts here, and the recommendations for what to invest in are often similar. What I'd like to know, in as simply of terms as possible, is what the consensus is on priority ...
4
votes
2answers
114 views

Capital gains tax: Retirement vehicle (IRA, 401k) vs. anything else?

I've had this question for a little while and I asked a professional about it today, but I don't think I worded it well. As such, I didn't get a good answer. Theoretically, given an equivalent amount ...
6
votes
1answer
81 views

Can you change auto-enrollment pension provider? And what happens if you change jobs?

I'm trying to figure out if someone who has been auto-enrolled in a company pension scheme can change their pension provider. I opted out of the pension provided by my company because I couldn't ...
3
votes
1answer
106 views

Is 401k considered a retirement plan offered by an employer?

I am trying to brush up on traditional IRA offerings out there. Specifically, I want to know whether the IRA contribution is tax deductible. The rules state that I can deduct the full contribution ...
2
votes
2answers
52 views

Are there tax-advantaged plans/accounts in Europe without age restriction?

All the European countries I'm familiar with have tax-advantaged pension schemes to guarantee income for retirees, but there's a severe age limitation (like with 401(k)), which is incompatible with my ...
4
votes
2answers
87 views

With all the different asset allocations out there, why is rebalancing important?

I understand the notion that I need to determine an asset allocation based on my risk preference and then rebalance annually or biannually to keep my asset allocation in line. However, consider that ...
0
votes
0answers
73 views

Does saving for retirement pre-tax make sense to stay in a lower tax bracket if I'll earn more later?

Does it make sense to save in a Regular IRA vs the Roth IRA in order to keep me in the 25% tax bracket? In reality career wise I will probably cap out at 150k in today's dollars. I've been able to get ...
4
votes
5answers
606 views

Retirement - Annuity or not?

I have a pension worth around £150k and am due to retire soon. With the new pension rules in the UK, what would be some good options to maximise my income post-retirement? Annuity - I will be ...
2
votes
2answers
81 views

Can I deduct retirement plan contributions from my self-employment income?

I'm self-employed. I pay self-employment tax on ( income - business deductions ) * 92.35%. Can I make contributions to a retirement account that counts as a business deduction? More details: I'm ...
3
votes
1answer
45 views

Indian mutual funds with tax benefits

Are there any mutual funds offered by Indian banks that give any tax advantages? This is for my mother (retired Indian citizen). Something that gives a better rate of return than the fixed deposits ...
-1
votes
1answer
61 views

Contribute Federal and State withholdings to company 401k instead?

So I am attempting to devise a way to max my company retirement account. They offer 3% of my annual pay if I put in at least 6% of my annual pay. The problem is that I don't want to take a giant ...
3
votes
2answers
243 views

The 25 times annual expenses rule and leaving no estate

I’m referring to the Trinity study and subsequent interpretation that a person’s wealth needs at least 25 times his current annual expenses in order to retire without shrinking the portfolio. What ...
3
votes
2answers
696 views

Opinions on Retirement Planning

Assume a 40 year old couple have a combined income of 200K, have saved 100,000 for retirement to date, each have a match of 75% of the first 6%, and can both save 18K per year into their 401Ks. ...
2
votes
2answers
141 views

What is the most common and profitable investment for a good retirement in Australia?

I've seen a whole lot of questions in this website about good retirement investments in a range of countries, but none asking about Australia. Let me explain a little further my doubts: I'm currently ...
0
votes
1answer
44 views

Payment default penalties on annuities

Scenario You have an investment/retirement annuity through a broker with a life insurance company in which you have payed 10% of your salary for the past 4 years. The company you are working for is ...
1
vote
2answers
117 views

Should I cash out my annuity and pay the surrender fee?

I'm 36 and when I left my last job I rolled $100K from my 401K into an Indexed annuity. It has a 4.75% max annual return. If I withdraw it all today, I have to pay an 18.5% surrender fee. This fee ...
0
votes
1answer
293 views

Can I max out both an SEP and Roth IRA in the same year?

I am an independent contractor and get the majority of my income as 1099. I have both an SEP and Roth IRA that I have contributed to in the past, but I would really like to ramp up my retirement ...
1
vote
1answer
95 views

Buyout information

My mother moved out of a home she owns 1/3 of. She would like to get a buyout. The house was recently appraised at $866,000. My mom paid $300,000. A friend paid $300,000, and my brother paid $216,000. ...