This tag should be used for any questions related to schemes for retirement or post-retirement planning or saving. A country specific tag should also be used if the question pertains to specific geography. There are some tags specific for certain retirement plans like 401k, roth-401k, rrsp that can ...

learn more… | top users | synonyms

3
votes
0answers
28 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 ...
0
votes
1answer
24 views

I own an LLC, how should I go about contributing to a 401(k)?

I am one of two LLC members - we have been operating for about 2 years. We have no employees. I would like to start a 401(k) and contribute as much as I can to it. We don't have salaries ...
3
votes
1answer
76 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 ...
4
votes
3answers
96 views

Suggested ways to save for a comfortable retirment in the UK given the lifetime allowance limits on pensions?

I've heard the rumor that this March's UK Budget will lower the Lifetime Allowance (LTA) from £1M to £800k or even less. They might index this for inflation. That seems to me to be a pretty low ...
0
votes
1answer
71 views

I am an US immigrant before but left the country I would like to withdraw may 401k

How will I withdraw my 401k? I don't have any information left, washed out by the storm august 19, 2013
3
votes
1answer
157 views

On company 401k matching. Clarification needed

I realized I don't fully understand something. It almost embarrassing to admit. In 2016 we have 18k max contribution limit for 401k. Does this mean that employee can contribute at most 18k or that ...
1
vote
1answer
81 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 ...
1
vote
2answers
111 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, ...
0
votes
2answers
41 views

Provident fund - first job [closed]

I have joined my first job. While discussing about PF, my employer mentioned that both - the employer contribution and employee contribution to PF has to be paid myself. Is this right ? What does ...
4
votes
1answer
43 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 ...
3
votes
1answer
43 views

Investing Superannuation Australia

I am 31 and have just consolidated all my super funds in to my current provider. I have about $70,000 all up and it is getting topped up by about $10,000 pa. I feel like I should start managing this ...
1
vote
0answers
26 views

Do matching contributions under SIMPLE IRA apply to IRS 93-27 and 2001-43 distributions

A SIMPLE IRA is set up which includes 3% matching contributions. An employee receives money through payments which are under IRS 93-27 and 2001-43 guidelines. The payments are sort of like owning ...
37
votes
2answers
4k views

When is employer 401(k) match not worth it?

I have always read to take full advantage of your employer 401(k) match. But what if the match is lower than most? My employer will match 10% of my contributions, up to the legal contribution limit. ...
2
votes
5answers
303 views

Are there any recognized retirement plans / IRA accounts that also allow me to trade in stocks/options

The company that I work for was recently acquired by a much larger company. One consequence of this is that my company decided to discontinue their 401k plan and move us all to the larger company's ...
4
votes
3answers
197 views

How can I effectively save a lot of money for retirement when a 401k is not available? [duplicate]

For some years now, I've been contributing the maximum amount to my personal IRA ($5,500 in 2015) and my 401k ($18,000 in 2015). This, plus employer match, means I am saving about $30,000 per year in ...
0
votes
3answers
128 views

ETF's for early retirement strategy

This question is a follow up question to this " Is my "retire young" strategy a sensible one? " I am attempting to structure a early retirement strategy. It involves dumping into a 401k ...
3
votes
2answers
444 views

Is my “retire young” strategy a sensible one?

My goal is to have enough to retire at 40. I have 11 years to go (I'm 29) as of the past 15th. To be clear, I don't plan on retiring, maybe ever, but I want to have enough to just quit one day if I ...
2
votes
1answer
28 views

What will be my Provident Fund withdrawal amount for 8 months?

I have worked with a company for 8 months. Now I want my Provident Fund. I have applied to withdraw my PF, but don't know what amount I will get. My Provident Fund balance is EE-7170 and ER- 2189.
36
votes
4answers
5k views

Justification for aggressive investment strategy when young?

I've frequently heard that the conventional wisdom is to be invested in an 'aggressive' investment strategy when young, and as you approach retirement age, migrate to a more conservative strategy. ...
1
vote
1answer
35 views

distribution from retirement plan in one state being taxed in another

In 2012, I took a "non-qualified" premature distribution from a retirement plan. I realize that this is taxable on the federal level, and I have paid the federal taxes on it. I received the funds ...
3
votes
1answer
579 views

Is this 401k statement odd or is it normal?

I'm trying to help someone compare benefits for two different companies. However, we have both interpreted the 401k match statement in the benefits summary differently for one of the companies. ...
3
votes
1answer
60 views

Can I invest RRSP funds in ETFs myself in Canada?

I've just realized that the funds I have much of my RRSP money in has about 2.25% annual fees. All of the funds available to Desjardins RRSP personal accounts have these high fees. I've found VFV.TO, ...
4
votes
1answer
101 views

Am I eligible to contribute to Roth IRA in 2015

I had a question with regards to the ability to contribute to Roth IRA. My current scenario is I had a 401K with my previous employer ( in 2014. no contributions made since. I have not rolled it ...
5
votes
2answers
226 views

Future viability of Roths

In the spirit of this question, now 4 years later, I'd like to know if there are any concerns with the future "security" of Roth accounts. I'm currently maxing out mine and my spouse's Roth and ...
2
votes
1answer
58 views

Can PPF be withdrawn by NRI or Overseas Citizen of Indian origin

I want to invest in PPF, however i might move out of India permanently(read overseas citizen of indian origin) or earn NRI status. Will I be able to withdraw the money upon maturity after 15 years?
2
votes
2answers
78 views

How do I determine the performance of my retirement fund with regular monthly contributions?

My retirement fund [Australian Superannuation fund] can be checked at any time. The fund invests in shares, which can go up - or down. Money is going IN regularly [monthly]. At any given time, how do ...
0
votes
0answers
62 views

Learning to calculate my total operating costs for ETFs with my provider

I just spoke to my bank who provides an etf trading platform. I am learning to do this and trying to determine the pricing structure of the bank I am dealing with from a transaction I had made: ETF ...
3
votes
3answers
253 views

Can I open a Solo 401(k) if I am an independent contractor but also work part-time as an employee?

I am contributing to the 401(k) at my part time job, but want to know if I can also open a Solo 401(k) to delay taxes on income from my work as an independent contractor.
1
vote
1answer
74 views

Pension Investing dilemma

I'm 61 years old, recently retired and need to decide how to take my pension from my former employer's pension fund. This is a church-affiliated hospital system pension fund in the USA and is ...
5
votes
3answers
143 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
1answer
122 views

I left my job 2 years ago in 2013 and I am joining a new company now in 2015 . Can I still have my old EPF account transferred to the present one?

I was working in tech space for period of 10 months before quitting my job to go for higher studies in 2013. Somehow I never withdrew any money nor contributed anything to my EPF account after ...
2
votes
2answers
212 views

What is the optimum way to draw money from your retirement nest egg

Let us say I have put away a nest egg like this (all numbers in CAD): Cash/GIC : 100,000$ Stocks/ETF: 100,000$ Bonds:100,000$ REIT: 50,000 Own rental property : 200,000 Let us say, I wish to retire ...
1
vote
1answer
104 views

How to decide for 401(k): Make Roth post-tax contributions, or traditional pre-tax contributions?

My company's plan will let me put funds into the 401k plan either pretax (traditional, with taxes taken at withdrawal) or Roth-style (post -tax nut no tax at withdrawal) or both. Any company match ...
3
votes
2answers
710 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. ...
1
vote
1answer
257 views

Can I deposit money in Indian PPF account while living in US

I have been living in US for 2 years and working on H1B visa. I might continue staying here for few more years. Before coming to US, I had opened a PPF account with State Bank of India. My question ...
2
votes
1answer
113 views

Should I wait until I absolutely need the money to draw income from Social Security?

I started collection at age 62, but could pay it back. Sometimes I think I should put the money into one of my houses while I am able to do the work myself. I could take a loan from a 401k, but paying ...
3
votes
1answer
143 views

Question related to Public Provident Fund interest calculation

Consider the following extract from a newspaper article : The interest on your PPF balance is compounded annually, but the calculation is done every month. The interest is calculated on the ...
1
vote
1answer
49 views

Transfer a Public Provident Fund account from minor to major in India

I am aware that citizens of India can contribute money into a public provident fund (PPF) which will get locked in for 15 years. I am also aware that one can open a PPF account on behalf of a minor if ...
3
votes
3answers
2k views

Is it worth contributing to my 401k if I will only stay with the company a short time?

I have recently become eligible for my employer's 401k plan. For reasons that I will not discuss here, I do not intend to stay at my current employer for longer than another year or so at most, ...
4
votes
1answer
168 views

Starting late for retirement

I am 68 years old and am a minister. Hope to keep working indefinitely. Wife and I have no debts and have just begun to put our SSA money into savings and a Roth IRA. What other investments would ...
1
vote
1answer
58 views

Retirement fund and Riester options for university teacher

For several months now I've tried to get my financial life in order, however, I'm failing to find a solution for my retirement fund. I am in my early 30s and working half-time at a university here in ...
15
votes
3answers
870 views

Does the following kind of retirement product exist?

Say I am 65 and want to retire and I have saved up $1 million over my lifetime. I also want to use this money up before I die because I have no heirs. Let's say the average life span of humans is 85 ...
0
votes
1answer
111 views

Options for retirment investing if no company 401K available

Due to some unexpected circumstances and poor planning in 2014 neither my wife nor I have been able to contribute to a company run 401K plan. My employer does not offer a retirement plan benefit yet ...
6
votes
1answer
740 views

Can I contribute money to a 401k, 457b, and an IRA all at the same time?

I am a retiree who is returning to full time work. Can I contribute the maximum to my full time job's 401(k) and to my part time job's 457(b)? And then also contribute the maximum to an IRA?
0
votes
1answer
70 views

What should I take into consideration when deciding whether to transfer a pension fund?

I have a pension with a previous company, and a pension with the company I am working for now. The two pensions are very similar as far as I can tell. How should I decide whether to leave the old ...
3
votes
6answers
526 views

UK: Personal finance book for a twenty-something

I am interested in learning more about personal finance. I'm in my early 20's, and I recognise that now is a crucial time to form a solid financial footprint for myself. I live in the UK, but worry ...
2
votes
3answers
317 views

Limitations of the 401(k) to Roth IRA conversion escape hatch

I'm currently planning on retiring before the 59 1/2 year old milestone where 401k's and IRA's become accessible penalty free. One workaround I've heard of to access your retirement funds early is to ...
36
votes
9answers
9k views

What are the downsides that prevent more people from working in high-income countries, and then retiring in low-income (and cost of living) ones?

Having experienced living in several different countries, the reality of different salary ranges and different costs of living has struck me. You can work at a high salary country and make huge ...
13
votes
1answer
140 views

How are retirement needs calculated for a couple with disparate ages?

Given typical assumptions about changes in expenditures in retirement versus earning years, retirement advice and calculators do not appear to adequately address retirement planning for couples with ...
3
votes
1answer
88 views

403(b) and ROTH IRA contribution and rollover

My current employee offers a 403(b) with a Roth option. I also have a Roth IRA. The Roth IRA has a lower annual contribution limit than the 403(b). I have some questions regarding contributions. ...