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
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1answer
49 views

How do personal retirement accounts factor into asset calculations for mortgage qualifications?

In applying for a mortgage, one important consideration is a list of your assets. I know this can vary a lot, but I'm curious about the particulars of how a retirement account would count towards your ...
3
votes
1answer
98 views

How can I be sure I will receive all of my pension payments when I have worked for many employers?

Most people will work for many employers in their lifetime. In the UK, your employer contributes to your pension. My question is, when I come to retire how can I be guaranteed to have access to all ...
4
votes
4answers
279 views

New grad with new job seeking advice on how much I should put towards my 401(k)

I have a new job that pays ~100k. I'm in my early 20s. I'd like to figure out the most financially intelligent course of action when dealing with 401(k). This is the policy: X company will match ...
0
votes
1answer
64 views

Why weight a portfolio by market cap when equal weighting has higher ROI?

I've been researching how to structure my different funds, and almost everywhere I look I see people buying funds based on market cap. e.g. investing 70% in a large-cap ETF like Vanguard's $VV, 20% in ...
5
votes
3answers
1k views

How do I handle fund minimums as a beginning investor?

I'm in my early 20s, and I'd like to get serious about how I manage the money in my Roth. It's not very much, and up until this point I've only been messing around with putting it into commission-free ...
1
vote
1answer
239 views

What to do with $20,000 at 65 years old?

I just turned 65 and have 20K from a house flip. I got the money when I cashed in a 25K job savings account 401(k). I paid about 5K in penalties to cash it in. I'm drawing social security but plan on ...
4
votes
2answers
92 views

Should I prioritize retirement savings inside of my HSA?

This year I switched my family from a traditional PPO plan to a high deductible plan with an HSA. This is a great move for our family. I have been reading about using an HSA as an investment vehicle ...
3
votes
3answers
157 views

what if a former employer contributes to my 401k in the year following my exit?

My last paycheck as an employee was paid in early January but my last day was 12-31. The former employer contributed in error to my 401k for the new year with my money earned in the previous year. ...
20
votes
3answers
4k views

Laid off at age 54 1/2, am I eligible to withdraw my 401k money without penalty?

I will be turing 55 this year in November. I got laid off 2 weeks ago (April 4, 2016). I worked in New York City and live in NJ. Can I withdraw my 401k without penalty?
0
votes
1answer
198 views

Should I buy a 2nd home for approx. $400-450K at age 63, if I can put down 35-40 percent?

I own and lived in a condo apt. and have no mortgage on it and moved (out of state) and rent it out. I am supported by the rental income as well as still earning a modest income. I want to retire in a ...
0
votes
1answer
30 views

Class of shares specifically for retirement accounts with contribution limits

Regarding US retirement accounts like a 401k or IRA, can a corporation (or any entity) get around employee contribution limits by contributing a class of shares that have a certain value but get ...
1
vote
1answer
56 views

Contributed to a Roth IRA…But I'm Married Filing Separately

In 2015 my wife and I both contributed $5,500 (each) to a Roth IRA. We went to a bank, talked to an adviser and generally felt like we were doing the right thing. The website for managing the IRA ...
1
vote
2answers
66 views

Pension + Pay Compensation Calculation

How would you do a simplified calculation of your compensation with an added pension. E.G. Your pay is $50,000. Your employer will pay you roughly $0.33 for every dollar you earn after you retire. It ...
23
votes
3answers
5k views

If I switch jobs to a lower tax bracket right before I retire, do I save on 401k taxes?

I'm curious about how your withdrawal tax bracket is determined for your 401k Here are the scenarios: A) Let's say I am making $100,000-$200,000 per year for my whole career with a Traditional 401k. ...
1
vote
1answer
104 views

When a publicly traded company splits into two how are common shares fairly valued, distributed?

I recently read that Alcoa, a publicly traded company (AA), will soon split into two publicly traded companies. While merging two companies makes sense to me, splitting does not. Merging companies ...
3
votes
2answers
128 views

Retirement Savings vs. Student Loan payments

I'm currently 23 and deciding if I should pool my extra income every month towards my retirement or student loans. My situation: I believe between saving for retirement and student loan debt I have ...
4
votes
1answer
162 views

Getting retirement savings back on track after 30

I've largely ignored dealing with my finances in the past, mostly because I really, really hate dealing with them, and as a result have made some poor decisions. I've been making good money but I've ...
2
votes
1answer
43 views

Are there any tax-advantaged retirement plans I can use if I'm a grad student with only stipend/fellowship income?

I'm starting a graduate program in 2017 where I'll get a stipend. I don't think I'll receive a W2 because I won't be working for the wages, so I don't think I can contribute to my IRAs while I'm in ...
9
votes
1answer
81 views

Can capital gains or rental income be used for contributing to a retirement account?

If my wife is considered a real estate professional, and she buys a house to flip, can the gain be used to fund a tax retirement account i.e. SEPP or a 401(k)? Can the rental income from rental houses ...
5
votes
1answer
79 views

Fees for depositing US social security check

My bank charges a significant fee for deposits of US Social Security checks. Is this generally a paid service or I should explore other banks and get lower fees?
0
votes
3answers
198 views

Retirement planning 401(k), IRA, pension, student loans

Currently I am making 58k/year with a chance for a 10% bonus. (I am pretty sure I will receive this bonus). I'm trying to decide how I want to set myself up for retirement. I'm 23 years old turning 24 ...
5
votes
2answers
187 views

Why did federal taxes come out of my check when I elected 100% pre Tax 401k contribution

I got a bonus check and elected 100% into a pre Tax 401K. I knew FICA would come out but was surprised when federal tax came out as well. The Gross was $2278. with $85.07 going to federal and $174.26 ...
4
votes
2answers
261 views

How late is Roth (rather than pretax) still likely to help?

Given the choice, should one switch from Roth to traditional IRA/401k contributions as one approaches retirement, and if so is there any good way to decide when? If it affects the decision, I am ...
8
votes
2answers
1k views

Using a Roth IRA instead of a college savings account

This might be a foolish idea, and if it is please tell me why. Last night I got the idea that it might be a good idea to invest the money that I'm saving for my children in a Roth IRA in their name. ...
3
votes
0answers
42 views

Help me apply Windfall Elimination Provision to my situation

I struggling to understand exactly how the Social Security's Windfall Elimination Provision applies to me in my situation (and thus what it specifically means for how long I should keep my part-time ...
1
vote
1answer
71 views

Stocks and Bonds in Roth IRA vs non-tax-advantaged

I have an account with Vanguard. I have a Roth IRA, Rollover IRA (from my 401k from a previous job), and I have a standard non-tax-advantaged account. Currently, all 3 accounts are fully Vanguard ...
6
votes
2answers
955 views

Father retired a little early doesn't need 401k but should he move it to Roth IRA?

My father recently retired at 63. He has some money in his 401k (the provider is ADP) and they keep emailing him with an advertisement telling him the ramifications of withdrawing any money out early ...
3
votes
2answers
70 views

Got a budget for grad school with some extra cash. Add it to my portfolio, or use it for grad school?

This year I’ve maxed out my Roth IRA (with employer matching): https://hellomoney.co/portfolio/6bad58-roth-and-401k Aside from that, I’ve got $17k in a checking account that up until now I haven’t ...
2
votes
3answers
219 views

Please help me decide whether to Roth IRA or pay off my underwater mortgage?

my name is Jane and this is my first time stumbling across this site. I'd appreciate any quality answers to my question. Here's my stats: 3 jobs: 55k/year FT at a church 40k/year PT at a juvenile ...
1
vote
2answers
226 views

Take Social security at 65 or spend retirement savings

What is better? To retire at 65 1/2 and spend nothing but retirement savings until reaching age 70. At 70 take social security for both me and my wife and get the maximum benefit. I would spend $...
3
votes
1answer
112 views

What percent of minimum wage should I save from today,if I expect a certain percent of the then minimum wage,as income from corpus,after retirement?

I am trying to evolve a simple formula or a thumb-rule (under assumptions) to answer the question " Am I saving enough for my retirement ? " or "How much should I save today ?". But, not in absolute ...
0
votes
0answers
21 views

As an American living in Canada what should I consider in determining distribution between RRSP and IRA contributions?

I worked in the US for 15 years before moving to Canada which resulted in a retirement portfolio in the US that contains a traditional IRA. Now living in Canada I have opened an RRSP and have ...
3
votes
1answer
101 views

Can U.S. citizens make sensible retirement plans while abroad?

Accidental Americans (perhaps born in the US but never lived or worked there) are still required to file U.S. tax returns in perpetuity. One of the many problems with this is that tax deferred ...
4
votes
3answers
596 views

Investment strategy for retired couple

My parents are retired (71 and 75), their house is paid off, and they have a moderate amount of savings between some IRAs and bank accounts. All of their savings is in cash or money markets, and it ...
1
vote
1answer
2k views

My pf no on salary slip is MH/PUN/ Can anyone tell me how can I get UAN no if combination for Maharashtra-Pune becomes PU/PUN UAN Member Portal?

I work in India, Pune. I want to generate UAN [Universal Account Number] allocated to track the PF [Provident Fund, Govt. Pension scheme]. I was using government site Employee's Provident Fund ...
3
votes
3answers
150 views

Retirement Options for Income

I am in the UK and hoping to retire in a few years. I am aware that pension rules have changed recently so an annuity is now not my main option for an income - due to my age annuity would only yield ...
1
vote
2answers
126 views

Is it possible to have multiple retirement accounts?

Can an individual have separate traditional IRA, roth IRA, 401k, roth 401k etc...? Assuming they somehow have the income to put into them, and yet are still eligible to have such accounts? If not, ...
8
votes
1answer
1k views

Is it worth investing in 401(k) if a company doesn't do matching?

The company offers 401(k) but doesn't match your contribution at all. In this case, it worth investing in 401(k)? For what reasons might a 401(k) be preferred over an IRA if there is no match?
1
vote
2answers
51 views

Is anyone using Monte Carlo Sim Analysis for Retirement Strategy? [closed]

I am trying to run Monte Carlo projections for retirement savings and goals. I know that there are a few good tools out there such as OnTrajectory.com and other websites. Is anyone out there ...
3
votes
1answer
48 views

Using Index Returns in Retirement Investment Planning

In retirement planning one of the inputs to a forecast is an assumption about return on investments... and there are a number of rules of thumb thrown around. 6%, 8%, something that goes from higher ...
1
vote
2answers
95 views

Does the starting balance of an account affect it's rate of growth?

Given two accounts: Traditional IRA - Current balance $30,000 403(b) - Current balance $0 And contributions of: $400/month * 12 months = $4,800 / year Which account would you apply contributions ...
16
votes
2answers
3k views

what happens if you don't start collecting social security until you're 75?

My father recently turned 70 and distrusts banks somewhat. He doesn't feel he currently needs the extra income that social security would provide and that if he took the extra money now that that ...
-1
votes
1answer
56 views

Formula to determine readiness to retire based on age, networth and annual expense

The formula should be conservative since it is hard to determine with precision. Better be on the safe side. Suppose person XXX has liquid networth of $1.5 million, age 38 and annual expense of $50 ...
2
votes
3answers
441 views

What is my pension worth?

I am currently seeking disability compensation thru a lawyer. I am unable to work due to medical problems. I am 60 years old and have a pension that is worth 500.00 per month when I reach 65. Problem ...
1
vote
0answers
75 views

My company's 401K plan: Where to put my money? [closed]

I am not sure what to do here, my new job has a different 401K plan with a match of 4% of my salary ( better than nothing ). We have the option of 401K Before-tax and Roth 401K... only 2 options. ...
2
votes
2answers
115 views

Starting a new job. Help me with retirement/debt planning please!

For context: I am about to be 27 (M) and am starting a job later this month. I have been considering various different methods to attack my debts, which are below: Student Loan - $24,288.77 @ 5.75% ...
0
votes
0answers
48 views

Possible to file W-4P “retroactively” for annuity early withdrawal?

I made an early withdrawal of $25,000 from an annuity account [no surrender fees] and, at the time, it was my understanding (based on conversations with the financial rep) that the taxes would be ...
17
votes
3answers
1k views

What retirement accounts are available without age based withdrawal penalties?

If you retire early and have money invested in a Roth IRA or a traditional 401k, that money can't be touched without penalty until you're 55/59. (Let's ignore Roth contributions that can technically ...
2
votes
1answer
138 views

What's the difference between investing in Index Fund through and not through a IRA/Roth IRA?

I'm a young adult who currently invest in Vanguard index fund using money from my paycheck, which is already taxed. What is the difference of doing this compared to put the money into a Roth IRA ...
2
votes
1answer
30 views

Superannuation drawdown for non-resident

I'm an Australia citizen but not a resident. I worked there for ~10 years and have a considerable amount of money in my (compulsory) superannuation account. It's consolidated and relatively low fee, ...