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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6
votes
1answer
265 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
215 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
201 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
272 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
430 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
305 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
81 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
751 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
284 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
138 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
731 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
197 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
509 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
173 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
255 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
392 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
180 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
145 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
190 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
199 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
130 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
296 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
108 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
270 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
345 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
9k 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
176 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 ...
15
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 ...
6
votes
3answers
160 views

While building a retirement portfolio, should the concentration be more on increasing net worth or cash flow?

Most of the articles/blogs/websites on retirement savings concentrate on adding more savings and investments to increase the net worth of an individual. But a higher net worth doesn't imply that a ...
5
votes
4answers
342 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
982 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
163 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
4k 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
2k 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
203 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
834 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
339 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
338 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 ...