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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8
votes
2answers
355 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 ...
3
votes
0answers
52 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
259 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
191 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
1k 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
35 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
282 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 ...
12
votes
9answers
554 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
422 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
192 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
71 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
944 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
312 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
74 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
217 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
348 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 ...
6
votes
2answers
335 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
146 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 ...
4
votes
5answers
304 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
115 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
1answer
103 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
987 views

Safer investing (401k/savings) assuming there will be another banking crisis?

Assuming one or more of the big investment banks incurs unsustainable investment losses leading to another banking crisis, what is the safest place to invest my 401k?
6
votes
1answer
334 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
94 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.
7
votes
3answers
254 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
2k 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
184 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
1k 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
68 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
293 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
119 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
256 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 ...
16
votes
6answers
955 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
566 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
178 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
972 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
174 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
40 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
175 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
217 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 ...
3
votes
3answers
402 views

Does this plan make any sense for early 20s investments?

I am currently a sophomore in college and will earn about $4000 from a part-time job in the spring. I was hoping to open up a mutual fund via a Roth IRA from Fidelity after I get all my money since ...
3
votes
3answers
274 views

Financial Advice for Newlyweds

My wife and I are newlyweds, and we are fortunate enough to have little debt and respectable incomes - since StackExchange is neither anonymous or private I won't disclose the real numbers, but I can ...
4
votes
1answer
74 views

What tax-free retirement accounts are available for self-employed individuals?

I'm self employed, so I've started to look at what my options are for saving (tax-free) for retirement. Of course I can do an IRA or Roth IRA, but those have lower caps than a 401k. I had thought ...
9
votes
4answers
532 views

Should I include retirement funds in calculating my asset allocation?

When calculating my asset allocation for applying allocation guidelines, should I include my retirement funding or not? You see, my investments have an asset allocation. But then, so do my ...
2
votes
2answers
224 views

401k with paltry match or SPY ETF?

Summary: I read about the SPY ETF here on SE ( Where should my money go next: savings, investments, retirement, or my mortgage? ) and I am curious about JoeTaxpayer's comment specifically on the idea ...
7
votes
3answers
632 views

When you're really young and have about 2K to start investing $ for retirement, why do some people advise you to go risky?

I've heard people suggest (here and in other forums) that you should be willing to take more risks when you are young. Can someone explain what "risky" options are being referred to? I only have ...
6
votes
3answers
1k views

How feasible would it be to retire just maxing out a Roth IRA?

How feasible would it be to retire on just maxed out Roth IRA contributions each year? Obviously this depends very much on how old you are when you start, and your living expenses when you retire. ...
14
votes
6answers
1k views

devastated with our retirement money that we have left

I am 48 and my husband is 54. We have approximately $60,000 left in our retirement accounts. We want to move our money into something so that it will grow. We've been looking at annuities. We've ...
3
votes
2answers
108 views

Put a dollar value on pensions?

A friend of mine who works in another state is advertising help wanted. I'm slowly improving my personal finance techniques, and it seems like this is a good month to look at total compensation and ...
11
votes
2answers
424 views

Own my home, have no debt, and must start taking RMDs on an Inherited IRA. What should I do?

My father passed away and I have a sizable amount of money in an inherited IRA (about 2 times my yearly salary). I don't have any debt to pay off as I already own my home, auto, no credit card debt, ...