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.

learn more… | top users | synonyms

5
votes
4answers
290 views

Advice on where to put money once I've hit the income limits on Roth IRA?

For the past few years I have been contributing to my company-sponsored 401k just enough to get all of their match, and contributing up-to-the-limit in a Roth IRA. I've now reached the income limits ...
10
votes
4answers
895 views

Reached the AGI for Roth IRA - now what?

For the past seven years, I've been contributing to my Roth IRA the max yearly amount. However, this year, my AGI will be above the maximum allowed amount. Couple questions... 1) Am I able to ...
3
votes
5answers
158 views

School or retirement?

Currently, I'm working full time while studying to get my degree. I'm making monthly payments on my other debt, and looking to be completely debt free - with the exception of my student loans - ...
3
votes
1answer
3k views

Are FICA taxes applied before or after contributions to a pre tax 401k?

When I make contributions to my employer's pre-tax 401k account, are FICA taxes applied before or after making the contributions?
11
votes
5answers
1k views

Which investment companies offer great online service and low cost index funds? I want to do everything online

I currently use Vanguard. I tried to move my wife's Roth to Vanguard but the process is absolutely terrible. The PDF form they generate for the rollover could not be printed (tried multiple browsers ...
5
votes
2answers
191 views

With the likelihood of disability, should I save for retirement?

My brother recently qualified for disability pay at 34 years old for blindness. He and I both have the same degenerative disease. I'm three years younger than he is and will most likely require ...
6
votes
5answers
759 views

Is the stock market too risky for long term retirement funds? Why should a 20- or 30-something person invest in stocks?

Given the crash of 2008, how do you explain to a person in their 20's or 30's why a good portion of their retirement funds should go into the stock market? (And if you wouldn't, what would you ...
5
votes
4answers
328 views

Should a $150K mortgage @ 6% be paid off with $150K withdrawn from a 401K at retirement?

Should a $150K, 30 year mortgage @ 6% be paid off with $150K withdrawn from a 401K account at retirement?
4
votes
4answers
332 views

How do I determine how much money to put into pre-tax and post-tax retirement accounts?

Is there a good rule of thumb for determining how much money to put into each type of account? I'm not at a point where I can max both my 401k, my ROTH IRA, and my wife's ROTH IRA, so I'd like to know ...
7
votes
2answers
673 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 ...
2
votes
2answers
375 views

At retirement age, can I roll my IRA variable annuity into a bank IRA?

I have reached retirement age and have a variable annuity with Hartford. I would like to get out of the annuity and roll over into a bank account IRA. I have held the product for 12 years and there ...
7
votes
3answers
133 views

Fees and Individual Retirement Accounts

I recently resigned from a full-time position where I saved for retirement via a 401(k). I'm now self-employed, but I want to make sure my retirement plan stays on track. I spoke with an investment ...
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 ...
4
votes
2answers
410 views

Do adult student's retirement accounts affect financial aid?

Does anybody know whether, for financial aid purposes, colleges (2 or 4 year) will look at an adult student's 401(k)/IRA/pension or other retirement assets when determining financial aid? Please ...
3
votes
3answers
1k views

What are the advantages/disadvantages of a self-directed IRA?

I recently learned of self-directed IRAs. Here is how it works: I open a self-directed IRA account with a company that acts as a custodian of my account (here is a short list of such companies). I ...
5
votes
2answers
741 views

Vanguard retirement portfolio suggestions for my 403(b)?

I'm 28 years old and going to start my 403(b) retirement investment. My investment contributions will be 5% by me and 5% by my employer. I'm planning to invest 8% in pretax and 2% in Roth. The ...
4
votes
1answer
826 views

What is the difference between 401(k) accounts in the U.S. and RRSPs in Canada?

What are the major differences between the two?
4
votes
1answer
760 views

Are RRSP investment accounts, in Canada, available to temporary residents?

Is it possible for a temporary (non-citizen) long term (leaving in 2 years) resident in Canada to obtain RRSPs? Is it advisable?
5
votes
3answers
714 views

Is it better to purchase a condo or save more for retirement?

I rent and can't help but feel that I'm wasting my money. With the prices for condos so competitive currently, I'm wondering if it would make sense to stop contributing to my 403b and save up for a ...
9
votes
6answers
895 views

Should I try to max contribute to my Roth IRA asap?

Assuming that I can afford it: should I try to max contribute ($5k) to my Roth IRA as soon as possible in the tax year or break up the contributions evenly throughout the year?
8
votes
4answers
381 views

Who buys variable annuities?

Last year the people making my taxes suggested a variable annuity instead of my traditional IRA. This variable annuity was supposed to guarantee 8% return year after year with no exception or market ...
9
votes
1answer
932 views

Any Experience with the Gone Fishin' Portfolio?

In doing research on How to Select IRA Investments, I stumbled across the Gone Fishin' Portfolio. This link where I found out about the portfolio claims that it is based on the 1990 economics Nobel ...
4
votes
1answer
141 views

How to Select IRA Investments?

I'm helping a friend roll over his 401K into an IRA. How can I advise him as he selects what to invest his money in? Factors I know to consider: Rate of return over 1, 3, 5, and 10 years (and ...
6
votes
2answers
208 views

Beneficiary IRAs and Required Minimum Distributions

If you receive a (non-spousal) Beneficiary-traditional IRA as a beneficiary due to death, is there a way to avoid taking a Required Minimum Distribution until your own retirement age? Or are you ...
6
votes
2answers
2k views

Why won't my retirement account let me write a “covered put”?

My retirement account (a traditional IRA) will let me write a covered call, where I sell a call option if I have the underlying securities (for instance, 100 shares of IBM). The shares are required to ...
4
votes
4answers
264 views

What happens to a tax deferred retirement account when you reach retirement age?

There always seem to be tons of articles about maximizing the amount money in your 401ks and your IRAs, but there doesn't seem to be much talk about what happens to those accounts when you get to ...
6
votes
2answers
238 views

Explain the details and benefits of rebalancing a retirement portfolio?

What exactly does rebalancing entail? Does it mean that if I originally had 50% in stocks and 50% in bonds and my stocks do amazingly well that I end up with 75% in stocks and 25% in bonds that I ...
18
votes
9answers
908 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 ...
5
votes
2answers
87 views

Is there a site that compares IRAs by different companies?

I'm planning on opening a Roth IRA in the very near immediate future (by this year's end, if not sooner). Is there a place I can go to see the different pros/cons of IRAs offered by different ...
4
votes
1answer
239 views

Wandering EU worker: Pension / retirement fund if working in multiple countries?

I am European, always worked in Europe in many different countries, and I have pension funds scattered around all the old continent. The EU legal system does not allow pension fund transfer among ...
7
votes
2answers
323 views

When should I switch from after-tax to pre-tax retirement savings?

I am contributing to my employer's Roth 401(k). The consensus in this question is that when you're young you should make your retirement contributions after-tax so that they grow tax free, and that ...
7
votes
6answers
501 views

Is my company 401k okay or should I be using an IRA?

My company does not have a matching 401k. Instead it is a profit sharing 401k. How should I approach this? Should I consider investing primarily in an IRA instead? How much should I be ...
4
votes
3answers
453 views

Long Term Cash-Equivalent ETFs for “cash” allocation

My retirement account goal analyzer advises that I keep 3% in cash. My retirement date is over 30 years from now, so I can tolerate heavy volatility and certainly don't need liquidity. Does it make ...
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 ...
4
votes
5answers
417 views

Are age-related funds a good idea (Fidelity Freedom, T Rowe Price retirement etc.)

Just curious what the consenus is on just dumping 100% of your 401k into one of the age related mutual funds. My 401k is through Fidelity and they have "FreedomFunds" which retirement dates. So I ...
0
votes
1answer
27 views

What threshold to move from SEP to Solo401k?

I'm self employed. Currently planning to fund a SEP for 2010. At what threshold do I need to switch to a Solo401k? (I'm in the SEP because (a) it's easy and (b) it's cheap -- no fees. Solo401k looked ...
2
votes
1answer
63 views

What is the most beneficial aspect of being an AARP member?

What is the biggest benefit of being an AARP member?
34
votes
6answers
4k views

What is the best asset allocation for a retirement portfolio, and why?

Based on financial conversations I've had with trusted family members, I believe that asset allocation is one of the more critical things to "get right" during retirement savings. Based on an ...
10
votes
2answers
439 views

Will there be enough money in Social Security benefits to cover baby boomer retirement? [US]

This is in a similar vein to this question. Wondering if the American old age benefits program has also taken into account the larger retiring population. Does the plan have enough money to cover ...
4
votes
3answers
340 views

Will there be enough money in the Canada Pension Plan (CPP) to cover baby boomer retirement?

As the leading edge of the baby boomer generation edges into retirement age, is there enough funds in the Canada Pension Plan (CPP) to cover the needs of this populous generation? Do special measures ...
11
votes
4answers
463 views

What's the general principle behind choosing saving vs. paying off debt?

In "general" is it better to pay off one's debt (line of credit, etc.) or is it better to invest (retirement account / RRSP or the like)? I understand that the answer will depend on terms of debt and ...
6
votes
1answer
113 views

What is the best option for recent employee setting up a pension (UK)?

I have been a sole trader for a while and recently been employed full time, as part of the deal I have been promised an employer contribution pension but it is up to me to decide what to do. What are ...
11
votes
3answers
2k views

What percent of salary should go towards retirement vs. emergency savings?

What percent of salary should go towards retirement vs. emergency savings? Should some be set aside each and every pay for emergencies?
11
votes
3answers
961 views

Pensions, why bother?

Ok this question is going to show my age, but its something I've been thinking about for a while and can't quite figure it out Why bother with a pension? I don't understand, why should I put away ...
12
votes
2answers
483 views

Can you have a Roth IRA and a traditional IRA? What about two separate IRA accounts of the same type?

I'm interested in starting a new brokerage account somewhere. I would like to "test the waters" before transferring my entire IRA to them. Is there any law against having a completely separate IRA ...
7
votes
2answers
773 views

How are 401(k), 403(b), and 457(b) tax-advantaged retirement plans different? How are they alike?

How are 401(k), 403(b), and 457(b) tax-deferred retirement plans different? How are they alike?
5
votes
3answers
10k views

Can I use funds in my 403(b) retirement plan for a first-time home purchase?

Can I withdraw funds from my 403(b) retirement plan without penalty, for the purposes of purchasing a first-time home? If not, are there other retirement plans from which I could withdraw without ...
12
votes
3answers
484 views

Should I “hedge” my IRA portfolio with a life cycle / target date mutual fund?

I'm fully contributing to my Roth IRA every year into a brokerage account that is 100% in mutual funds. I've done basic mutual fund research and picked about 5 different funds that match what would ...
9
votes
3answers
221 views

What kinds of exchange-traded funds (ETFs) should specifically be avoided?

This is related to my other question. There, I was asking what exchange traded funds I should consider for inclusion in my retirement portfolio. That got me thinking: What kinds of exchange-traded ...
9
votes
3answers
618 views

What low-fee & liquid exchange-traded index funds / ETFs should I consider holding in a retirement portfolio?

I'm still (one year later) going through an exercise to restructure my retirement portfolio. To date, I've been using a mix of exchange-traded index funds. Some trade on the TSX, and others trade in ...