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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7
votes
3answers
341 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
4k 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why is the money withdrawn from traditional IRA taxed at the ordinary income tax rate?

When money is withdrawn from a traditional IRA account, why is the money taxed at the rate same as for ordinary income, instead of capital gain tax rate?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
203 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
2k 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
81 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 ...
2
votes
4answers
336 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
133 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?
12
votes
4answers
277 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 ...
20
votes
6answers
2k 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
714 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
273 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
1k 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 ...
7
votes
1answer
218 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
43 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
202 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 ...
7
votes
6answers
298 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 ...
4
votes
3answers
437 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 ...
4
votes
3answers
309 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
84 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 ...
10
votes
4answers
789 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
294 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
1k 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
2k 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
2k 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
140 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 ...
12
votes
3answers
746 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, ...
9
votes
3answers
201 views

Close to retirement & we may move within 7 years. Should we re-finance our mortgage, or not?

We want to refinance; currently at 6.75% on a 30-year fixed. We are unsure how long we will be in the house but assuming at this time we will want to move within 7 years. I am looking to retire in 3 ...
10
votes
3answers
534 views

Investing in a leveraged index ETF for retirement. Risky?

I'm 23, and in addition to my 401k at work, I have a few thousand saved in an IRA. Right now I have it sitting in Treasurys earning around 3%. Over the past 50 years the S&P has averaged around ...
5
votes
3answers
175 views

IRA contributions in a bear (bad) market: Should I build up cash savings instead?

I have a retirement account (not a 401k with a match, just an individual retirement account) and over the last few years have gotten statement after statement of losses on the value of my retirement ...
9
votes
3answers
258 views

Solid reading/literature for investment/retirement/income taxes?

I'm striving for financial literacy and education. I've been really frustrated with most of the literature that's out there surrounding retirement, income taxes, and investment. Most of it seems ...
8
votes
1answer
4k views

How many years do you need to contribute to Social Security to be eligible for benefit payments in retirement?

Recently I have been reading many articles about the insolvency of Social Security and how not to factor it in any retirement income. My questions are: How many years does someone need to pay into ...
7
votes
3answers
414 views

Should I fund retirement with a static asset allocation or an age based glide path?

It seems a lot of people recommend lifecycle funds. They're even an allowed default investment for 401ks now. But given how little I trust Wall Street, I'm curious if there's any quality academic ...
12
votes
3answers
184 views

Do I need to own all the funds my target-date funds owns to mimic it?

I just calculated out that investing my Roth IRA in a Lifecycle fund will cost me about $65k more than investing directly in the underlying funds, effectively doubling the expense ratio. And the funds ...
9
votes
4answers
149 views

How should my nearing-retirement parents handle a lump sum?

My parents are about 5 years from retirement age. Their combined income is around $20,000 a year. They live in a very low cost-of-living area, so they live a pretty simple life without many frills. ...
50
votes
10answers
5k views

Should you always max out contributions to your 401k?

I am a year out of college, and therefore, i don't have any real retirement/investment plans kicked off. I was having a discussion with my boss, and he was making a few claims I would like to get ...
9
votes
2answers
193 views

What is the maximum I can have stored in a traditional 401(k) and a Roth 401(k)?

I know there are annual limits to how much can be contributed (both from the employee and from the employer). But what about over the lifetime of the investment? If I max-out every year (say ...
6
votes
1answer
200 views

What is the maximum amount that can be held in a traditional or Roth IRA?

What is the maximum amount of money that one can have saved in an IRA? I'm not referring to contributions, but the total amount before withdrawing any money.
9
votes
3answers
133 views

Retirement saving strategy for international people

Currently, I'm a grad student in physics. I am originally from Germany, pursue my PhD in Canada and have not yet made any plans on where I would like to work and live afterwards. A career in academia ...
11
votes
4answers
304 views

Where is this 10%/year mutual fund, stock market, index?

I've been researching life insurance, and got sucked into whole life policy research, and in every article that says it's a bad investment they assume you can invest the money in some 10%/yr return ...
10
votes
3answers
109 views

What benefits does investing in a traditional IRA give you, if you are not able to take the deduction?

There are bunch of reasons you would be not allowed to take a traditional IRA contribution deduction (income, spouse's 401k can make things difficult, etc). If you weren't able to take the deduction ...
5
votes
3answers
285 views

Is there a rule of thumb for how much to save into your pension for retirement?

Pension sites often quote "Use our pension calculator to estimate the amount of pension income you could get when you retire. This will help you decide how much you need to save to get the retirement ...
8
votes
4answers
349 views

How to evaluate an annuity

My mother wants to gift annuities for me and each of my siblings. Great...uh, maybe. I'm concerned that she may be purchasing some expensive crappy investment she doesn't need to achieve what she ...
4
votes
4answers
10k views

Typical return for an IRA? How can I assess if my returns were decent?

The year to date return on my IRA is currently 5.3%, the DJIA is 9.5%, and the NASDAQ is at 7.7%. Is this normal or should I be disappointed? I'm just starting to pay attention to this kind of ...
5
votes
3answers
204 views

Where can I invest my retirement savings money, where it is safer than stocks?

I am 30 year old guy and I am interested in investing my money for retirement. Currently, I get 401K from my company. I am also putting $200 a month into Roth IRA account. I also have a savings ...
4
votes
3answers
155 views

Minimum investment per year to make Roth IRA worth it?

So I've decided to start a Roth IRA but talking to a few colleagues of mine they said that there's a few fees and stuff that comes with it such that if you don't put in quite a bit of money each year ...
8
votes
4answers
182 views

What are the IRAs tax deduction limits when contributing to both Traditional and Roth IRAs?

If I fall into the phase-out range for a tax deduction on a Traditional IRA can I contribute to said account up to my tax deduction limits for said accounts then contribute the rest of my $ to a Roth ...
8
votes
2answers
2k views

can bank take 401k money when you foreclose

If you foreclose on a house, can the bank take money from your 401k or any type of retirement? I heard they can take money out of your savings account or any bank account for that matter, but what ...
16
votes
5answers
4k views

Ideal net worth by age X? Need comparison references

Is there a website resource that gives suggestions for how much savings or net worth I should have at any given age, based on my education level and salary? I'm in my 30s, have no debt, and have been ...
0
votes
1answer
108 views

Advice on TIAA-CREF allocation?

I'm in a TIAA-CREF program, which (I think) is like a 401(k). I say "I think" because I haven't studied 401(k)'s, having never invested in one. My question: is there anything special about TIAA-CREF ...
40
votes
3answers
4k views

Saving for retirement: How much is enough?

How to save I'm in my late twenties and am trying to get started off on the right foot saving for retirement. I have learned that retirement savings should usually be placed in retirement accounts in ...