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 ...

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3
votes
1answer
560 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. ...
1
vote
0answers
25 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
87 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
220 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 ...
1
vote
1answer
25 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Can PPF be withdrawn by NRI or Overseas Citizen of Indian origin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
70 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
57 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
2answers
82 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
72 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
133 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
89 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 ...
1
vote
2answers
205 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 ...
3
votes
1answer
91 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
697 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
144 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 ...
1
vote
1answer
98 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 ...
2
votes
1answer
80 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
36 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
1k 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
50 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
858 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
105 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
494 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
68 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
429 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
282 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 ...
13
votes
1answer
124 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 ...
-2
votes
2answers
2k 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
181 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
236 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
174 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
3answers
240 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 ...
13
votes
7answers
2k 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
92 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
286 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
205 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
53 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
104 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
484 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 ...
4
votes
4answers
293 views

Is Cash Value Life Insurance (“whole life” insurance) a good idea for my future?

I sat down with an insurance representitive 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 ...
4
votes
2answers
128 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
174 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
1k 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
3k 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
2k 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
144 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
210 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
131 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
75 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 ...