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.
2
votes
3answers
80 views
betterment vs vanguard life strategy vs vanguard target retirement
I'm a 20 something grad student and would like to open a hands off retirement account with beta exposure to the market and would make monthly contributions. I'm fairly illiterate wen it comes to ...
3
votes
5answers
429 views
How much should I save each month so I can retire early, in my Third World country?
I live in a 3rd-world country. I earn $500/month.
How much percentage of my income should I save each month, if I plan for early retirement?
Currently I am saving 30% of my income.
Is there any ...
0
votes
1answer
93 views
Will someone be disadvantaged working longterm as a Contractor vs Permanent Employee
What is the difference in the long run (when you compare at retirement) between a Contractor and a Permanent employee, assuming someone choses to work in one for their whole life? Will the pension be ...
3
votes
1answer
69 views
Expected total principal + gains from a vanguard life cycle account upon retirement after 33 years?
If one maxes out his Roth IRA starting from age 26, investing only into a vanguard target 2045 (lifecycle) fund, what amount can he expect to withdraw at retirement at age 59?
I did a quick check ...
3
votes
1answer
76 views
When is a SEP IRA appropriate, can a Roth IRA suffice for self-employed individuals?
I am a self-employed individual working in the software industry; my current salary is commensurate to the market value of a software developer with 5 years of experience. I have not yet opened up a ...
3
votes
1answer
58 views
Roth or Traditional IRA if getting a dramatic increase in income this year?
So I just learned that it's not too late to fund an IRA for 2012. With a week left and never having done this before, I now get to decide which type I want to open.
Based on my (really vague) ...
2
votes
1answer
70 views
Is Tradeking collecting too much information when I open an Roth IRA?
I recently signed up with Tradeking a Roth IRA account. During registration, I entered my home address DOB and SSN. I was ok with it. But then Tradeking started sending me emails (1) the first one ...
3
votes
1answer
69 views
Moving money from my savings account to an IRA - why am I paying taxes on it?
I'm planning to move money from my savings account to a new IRA account, but I don't understand why I'll be charged penalties for withdrawing the money.
Why do I have to pay extra taxes to take my ...
3
votes
2answers
107 views
How do I estimate the future level of my Roth IRA?
Short version: If I know a) how much is in my Roth IRA currently, b) that I plan to maximize my annual contributions, c) the average growth rate is 8%, and d) I'm 22 and plan to invest in my IRA until ...
7
votes
2answers
151 views
Can I open a Roth IRA with more than one company at a time?
This may be a really silly question, but I was looking at my TD Ameritrade account online, and it says front and center that my maximum 2013 contribution is $5500.
I'm assuming the limit is imposed ...
8
votes
2answers
215 views
How to avoid tax when taking a windfall in small chunks?
My software company has no employees but me, and makes a million dollars a year. I expect it will do so for about 3 more years and then close its doors.
I'm 30 years old. My family lives below our ...
2
votes
0answers
28 views
When to apply for RRQ (Régie des rentes du Québec) benefits: earlier, age 65, or later?
My 60 yr old spouse just retired on RREGOP. Should she wait until she's 65 to take RRQ (Régie des rentes du Québec), or even 70, or should she take it now, early, at 60?
I am semi retired myself. I ...
5
votes
5answers
208 views
Is there any reason at all to have a traditional IRA if you already have a 401k and earn more than a certain amount?
I was not aware that if you have a work-sponsored retirement plan, then traditional IRA contributions are pre-tax only if your salary is low enough (according to this).
Given that, is there any ...
4
votes
4answers
152 views
Multiple accounts stagnant after quitting job.
So I made the move to quit my job of over 10 years a few months back and have never been happier. My one problem is that I now have some accounts that I feel that I could be doing more with.
I had ...
1
vote
2answers
174 views
Retirement formula for annual compound interest with changing principal
I'm trying to calculate how much money I'd have to put away each month for the next 20 years, to be able to withdraw 50,000 a year for 20 years after that (a retirement calculation).
The issue that's ...
2
votes
2answers
32 views
What determines a tax resident in Florida
As a retired non-US person.
I am planning to purchase a vacation home in Florida. I am told i am only allowed to reside there for a maximum of 60 days each calendar year, any longer and I will be ...
7
votes
4answers
207 views
How do you go about calculating how much you need after retirement?
I am posting this question after reading this article on WSJ, where it says:
Just 42% of working-age Americans have even tried to calculate what
they will need in retirement, according to the ...
11
votes
9answers
517 views
Why is retirement planning so commonly recommended?
I'm just graduating college, and I'm starting to educate myself on economics, finance, and investing, and everything I see is sort of screaming at me "PLAN YOUR RETIREMENT!!"
Now, I know this sounds ...
1
vote
1answer
116 views
Penalties for cashing out on a SIMPLE IRA early
I want to know what are the penalties that an individual will face if they withdraw on a SIMPLE IRA outside of a hardship distribution?
(Additionally) I noticed in another post someone mentioned a ...
2
votes
2answers
129 views
Should I open an individual 401k account?
I am looking for some advice on what to do with the Money from a previous employer 401k.
I currently have the checks that were issued to the trust of my new employer's 401k service. I have not sent ...
2
votes
1answer
57 views
How do I obtain the foreign equivalent of homeowner's insurance when buying a vacation home in another country?
I am considering purchasing a property in another country as a vacation home. I'll continue to live in the US (nation of citizenship), but may consider using the foreign home as a retirement locale, ...
4
votes
1answer
138 views
What does it mean if my firm's retirement pension (not 401K) plan is incrementally vested?
I'm beginning work at a firm with an incrementally vested retirement pension (not 401K) plan that is incrementally vested for 20% for each of the first five years. After five years, I'm 100% vested. ...
5
votes
2answers
117 views
What are my options if I am not eligible for my 401-K plan?
I was contributing the maximum amount to my former employer that closed down in June 15, 2012. I started a new job on Sep 10, 2012 but I will not be eligible to participate in my new employer's 401-K ...
2
votes
1answer
61 views
History of full retirement age: when were there policy changes?
The full retirement age is the age at which at which a person may first become entitled to full or unreduced retirement benefits. On the webpage of the Social Security Administration ...
7
votes
5answers
201 views
Advice on low-risk long-term strategy for extra cash?
Basics
no debt; no dependents; early thirties
401K is maxed (5% company match)
ESPP is maxed out 10%
Roth IRA is maxed out
salary is about 115K
100K cash in a checking account
Question
I am ...
2
votes
3answers
269 views
Rules of thumb for present value of retirement funds given current age and income?
I know the general rule of thumb is you should save 15% of income to retirement, but I'm playing catch-up after years of neglect and contributing 25% until I catch up again. But how will I know when ...
5
votes
2answers
234 views
I have access to a 401K at work but the fees are high. Should I contribute, or do otherwise?
I have a retirement plan 401K from work. The employer does NOT contribute anything. I just enrolled into account and got to know that there are fees associated with the account. The fees is ...
5
votes
2answers
111 views
Which should I prefer, traditional or Roth 401k? [duplicate]
Possible Duplicate:
Recent graduate with new job: Choose Roth 401(k), or traditional 401(k)?
I'm just a few years out of college, and am starting to put aside some retirement savings. My ...
3
votes
4answers
223 views
Does living in a lower cost area inhibit where one can live later in life?
Can living somewhere with a lower cost of living potentially inhibit someone from living somewhere with a higher cost of living later in life?
For example if someone works in a small town with ...
0
votes
1answer
71 views
Can I set up a retirement plan for an LLC with negligible income?
I am currently working as a W2 contractor, with no access to a 401(k) plan through the contracting agency. However, I do own an LLC, with, unfortunately, negligible revenue earnings. Here are my ...
1
vote
0answers
67 views
Appropriate asset allocation for an entrepeneur's portfolio?
I'm a recent college grad (computer science). I was lucky enough to get into some good investments in college and now have $450K in liquid assets. I've decided I'm definitely moving to San Francisco.
...
5
votes
3answers
509 views
Safer investing (401k/savings) assuming there will be another banking crisis
Assuming one or more of the big (i)banks incurs unsustainable investment losses leading to another banking crisis, what is the safest place to invest my 401k?
6
votes
1answer
217 views
Investment methods for a US non-resident alien, living in the US for the next 2-5 years only
If an employer does not offer a 401k plan, what options do I have to invest in stocks, bonds, ETFs, etc.?
Would a Roth account be a viable option considering I will probably be in the US for 2-5 more ...
3
votes
1answer
89 views
How should I go about creating an estate plan?
Is having an estate plan important?
How should I go about creating an estate plan?
Any information about estate planning would be useful.
6
votes
3answers
212 views
How to get started with savings, paying off debt, and retirement?
I am getting married soon and I am in grad school (I get paid a stipend and have a tuition scholarship). I have no retirement plans available to me. My fiancee will be starting her job soon and will ...
3
votes
6answers
632 views
why is the money withdrawn from traditional IRA taxed at the ordinary income tax rate?
When money is withdrawn from a traditional IRA account, why is the money taxed at the rate same as for ordinary income, instead of capital gain tax rate? In other words, what is the rationale for it?
...
2
votes
3answers
151 views
where to get stock price forecast
I am new to stock market so please be patient with me if my question does not make sense.
I have an IRA account with Fidelity. Their research tool is good and shows analysts opinion of stocks i am ...
2
votes
4answers
517 views
How to calculate money needed for a retirement based on an hypothetical death date & expenses?
I would like to know what formula or tool I need to use to calculate the capital needed for a hypothetical retirement that will start at date X and end at date Y.
Here is an example:
Variable1 = ...
2
votes
2answers
58 views
Estimated Value of staying in pension vs withdrawing
My wife is changing jobs, from city government into the private sector. She isn't fully vested on her pension, but has a couple options and I'm not sure about how to figure out which is best.
Here's ...
1
vote
4answers
233 views
Should I use retirement savings to reduce mortgage given the following:
I'm fatally ill and that diagnosis is final and there's no doubt I am going to die long before retirement age. I'm married and we have two young children.
I have about one year's worth of salary ...
1
vote
2answers
113 views
What are the best retirement plans for a self-employed?
If you don't see yourself as someone who would end up with one (or a few) employer and would have long periods of self-employment, what is the best approach to retirement plans?
11
votes
4answers
246 views
How do you balance the risk of having your wealth tied up?
I'm at the point in my financial life we're I'm ready to start investing for retirement in earnest, and I'm planning to invest 15% of my income into retirement accounts, but I hear a lot of stories ...
13
votes
6answers
671 views
“One should save about 15% of their income for retirement.” What assumptions are tacit in that statement?
I read a lot of websites that say, "I've run the numbers, and you should be saving around X% of your income for retirement in order to be safe, and have fruitful golden years." With X% being a number ...
18
votes
3answers
407 views
Abundance of Cash - What should I do?
There seems to be a glut of information and I don't know where to start.
My situation is:
No debt/kids
Own Home and Vehicles
Have a years worth of living expenses in my savings/checking
Max out ...
6
votes
1answer
126 views
Can already-retired immigrants get Social Security or other payments from the U.S. government?
My parents are 83+, and became U.S. citizens back in 2001. They were born as Indian citizens. They moved to the USA after they retired in India. Will they be entitled to receive any monthly payments ...
6
votes
1answer
496 views
Protecting an elderly parent's assets / medicaid look-back
I've been asked by a senior to investigate: What are the things one needs to keep in mind with the issue of an elderly parent with some assets (house + some savings) who may need to enter into a ...
6
votes
1answer
134 views
Can I still claim my Hong Kong-based MPF pension if I move elsewhere?
I am 60 year old and I will not be living in hong kong in the future, would I still be able to claim back my mpf?
2
votes
1answer
30 views
How do IRA conversions actually work?
I understand what IRA conversions are and how they work in theory, but I would like someone who has actually done one (or a few) to explain how it works in practice.
What is the process for the ...
3
votes
1answer
148 views
What are some good next steps for the HENRY?
HENRY (High Earning Not Rich Yet)
I'm 37, single, and only in the last two years have I really gotten serious about saving.
Current 401k balance is $28,000
I'll probably make about $125,000 Gross ...
6
votes
6answers
168 views
When should I start saving/investing for my retirement?
I just started out with my first job and I was curious, what is a good time when I should start with my long term saving plans?
Update:
Thanks for the advice and I was expecting that answer. So my ...
