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-2
votes
2answers
90 views

What is the best retirement strategy for an Indian?

For an Indian citizen in India, looking to retire years from now on which of the following would be a better retirement fund ? Retirement plans (Deferred/Immediate annuity plans like ...
0
votes
1answer
92 views

What is the future of 401k in terms of stability and reliability?

Let me quote: 7) Your Retirement Plan is For S**t. I don’t care how much you set aside for your 401k. It’s over. The whole myth of savings is gone. Inflation will carve out the bulk of your ...
2
votes
1answer
203 views

Retirement saving without employer sponsered plan?

I currently have a 401k with my employer and contribute 7%. If I no longer had the 401k, what would be my options for retirement savings? Ideally keeping the tax deduction benefits I have now. I ...
5
votes
1answer
90 views

On average, is it a good idea to check off the “automatic rebalancing” checkbox on a managed retirement plan?

In my area, my employer offers a managed retirement savings plan with generous matching contributions. The plan offers very limited control over investment choices (a narrow range of abstract mutual ...
2
votes
1answer
92 views

Moved to the USA from Canada; what is best to do with RRSP?

I am a Canadian and I moved to US at the end of last year. (I have a green card now.) I have less than CAD 50K in my RRSP from my previous work, and less than CAD 40k at banks. Not sure what the best ...
12
votes
7answers
1k views

Pros & cons in Hungary of investing retirement savings exclusively in silver? What better alternatives, given my concerns?

For my retirement savings, my strategy is to buy a decent amount of silver (8% of my salary, roughly 1 month) every year to put away in coin form. I am currently investing in nothing else for the long ...
5
votes
1answer
75 views

Fund Roth IRA for previous year after filing taxes

I've filed my taxes for 2013 already and my wife and I have received our refund. We are under $181,000 MAGI for 2013 and expect to be below it in 2014. I have a work sponsored 401k retirement plan, ...
2
votes
1answer
221 views

Roth IRA vs. Traditional for married couple with AGI over $120k?

My wife and I have an AGI somewhere between $120k - $140k depending on how much I make on side gigs throughout the year. We both started new full-time jobs within the last 12 months. Here is the ...
7
votes
2answers
173 views

What, if any, IRA options are permitted with my high salary?

I am single, and make more money (more than $200k) than any of the limits I've seen for contributions or deductions for either Roth or traditional IRAs. My employer has a 401k plan. I currently do ...
0
votes
1answer
42 views

Simple IRA Non-elective Contributions and Maximum 401k Employee contributions?

Person is an employee and is self-employed. Person has maxed out annual 401k contributions at employer's company. Can this person receive Simple IRA 2% annual nonelective contributions from second ...
3
votes
2answers
81 views

What are some common ways to generate cash income from a portfolio in retirement?

For people that try to live off of interest only from a nest-egg, what might a retirement portfolio look like that can generate cash every month (or quarter) while keeping assets intact and growing ...
2
votes
2answers
294 views

Employer 401K thru Fidelity - Investment options

I originally picked FA FREEDOM 2040 I (FIFFX) for investment. After talking with a co-worker I learned this is a poor choice and only has 3 stars. The 10 YR performance 6.37%. Anyway, I have altered ...
2
votes
3answers
106 views

Is Cash Value Life Insurance from NY Life a good idea for my future?

I sat down with NY life today and listened to their proposal regarding Cash Value Life Insurance (CVLI) and long term investing. I am a 36 year old guy recently married with no children yet. Since I ...
4
votes
2answers
112 views

How to pay for Alzheimer's care?

My mom is on the early stage of Alzheimer's, but I'm aware of the fact that "early" won't be forever. What are some of my options for financing the cost of my mother's care when the time comes? I am ...
1
vote
1answer
87 views

What's the difference between a 457(b) and a 403(b) retirement plan?

I'm a graduate student at a public university in the USA (Purdue University). They give me the choice of investing in either a 403(b) or a 457(b) plan. The university does not provide any matching ...
2
votes
2answers
376 views

Are there any circumstances in which employer vested 401k contributions revert to the employee?

Many companies (including a former employer of mine) have 401(k) vesting schedules. The idea is that the employee keeps all of his/her contributions, and the employer piece has a percentage that you ...
6
votes
1answer
962 views

Tax implications for a 100% 401k contribution limit

My company permits a contribution of a 100% of the paycheck towards the 401k. My question is, if I were to pick a 100% contribution amount, would I be liable for any taxes in the number of paychecks ...
6
votes
4answers
740 views

How should one account for inflation when planning retirement savings and withdrawals?

Let's say one had a goal of saving $x, in order to live off of (say) 4-5% interest on the principal. How do you then account for inflation? Do you assume some rate and increase how much you would ...
4
votes
3answers
125 views

Is it better not to compartmentalize savings for multiple financial goals and better to imagine it as a single corpus?

I had an introductory meeting with an independent Certified Financial Planner who mentioned that: People tend to allocate a certain amount for their children's marriage, or buying property or ...
5
votes
2answers
174 views

Why are US target retirement funds weighted so heavily towards US stocks?

I am looking at Vanguard's Target Retirement Fund VTIVX. This funds' split between US to International stocks is 2:1 (62:27 to be more exact). So for every dollar invested outside US, two dollars are ...
2
votes
3answers
100 views

Help required on estimating SSA benefit amounts

Is there a calculator that will estimate my SSA benefit amounts given: a list of all FICA contributions I (and my spouse) have made till date (and plan to make) the age at which I intend to start ...
0
votes
2answers
66 views

Will a contribution towards Traditional IRA be deductible for 2012?

I switched to a job in 2012 which didn't offer a retirement plan in October, 2012. Prior to this job, I was covered with an IRA account from my previous employer. I will be filing the returns with my ...
12
votes
9answers
574 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 ...
2
votes
3answers
362 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 ...
7
votes
3answers
244 views

How to find a good third-party, 401k management/advice service?

I have a 401k with my employer that offers a pretty good contribution matching benefit. I am young and I've had the plan for about 5 years and my money is starting to grow into a pool that is big ...
6
votes
6answers
235 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 ...
10
votes
2answers
248 views

Has anyone created a documentary about folks who fail to save enough for retirement?

In this question, the OP suspects that she simply needs to select the right annuity to solve her money problems. And in her defense, many financial institution commercials try to convince soon-to-be ...
3
votes
1answer
345 views

Can I contribute to both a solo 401k and a regular 401k in the same year?

I was self employed during the first quarter of 2011, then switched to full time employment. I have a solo 401k that I haven't contributed to in tax year 2011. I have been contributing to my ...
8
votes
1answer
912 views

Options for a Simple IRA when leaving a job: Leave as is or roll it over?

I currently have a Roth IRA that I max out every year. My current company had Simple IRA and contributed 2% of my salary and I contributed 6000 a year. Now I am leaving the company and was hired by ...
7
votes
2answers
669 views

How much money do I need to have saved up for retirement?

I'm 29, and just started a new job with an excellent mandatory retirement plan. I contribute 5.5 percent of my salary and my employer deposits an amount equal to 8.5 percent of my salary. I have a ...
4
votes
1answer
151 views

DIY retirement savings plans for Canadian small business?

I work for a small business that currently offers no retirement plan. A few of my coworkers and I are more or less couch potato investors, but we each manage our own self-directed RRSPs or mutual fund ...
18
votes
9answers
902 views

Any experience with maxing out 401(k)?

I'm 23 right now, and I'm currently contributing about 6% of my salary to a 401(k) with an employer that matches 20% of my contribution up to 6%. Based on various calculators, continuing at this rate ...
16
votes
6answers
2k views

If I make over 120k a year, what are my options for retirement plans?

I will be starting a job on Monday that yearly will net me in excess of 120k. I know that this income exceeds the maximum earnings for a Roth IRA and I'm sure other things. I'm a complete newbie when ...