Questions tagged [retirement]

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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How can I calculate cumulative rate/gains for retirement fund in a spreadsheet throughout a year?

Novice to retirement funds and investing here. I'm wanting to build a spreadsheet in Excel that can help calculate my annual rate of return for retirement accounts. I have some elementary questions ...
SeligkeitIstInGott's user avatar
0 votes
1 answer
150 views

I am 63 with a Heloc at 9%. Should I pull from my 401K to pay off this high interest Heloc

I am 63 with a $37,000 dollar Heloc at 9%. Should I pull from my 401K to pay down this high interest Heloc and start putting the extra money away to build my savings. We have $950,000.00 in our ...
OneCuteBunny's user avatar
1 vote
1 answer
64 views

What is the reasoning behind high income requirements for 457b plan enrollment

If 457b plans are designed primarily for state and local government employees whose mean compensation is typically lower than 100K in the U.S., why would some institutions that employ state/local ...
iskandarblue's user avatar
1 vote
1 answer
121 views

What's the case against being 1.3x levered in PA if you're in your 20s?

If you're in your late 20s and own a bunch of SPY and diversified stocks, why shouldn't you be 1.3x levered? 2.0x levered seems too aggressive given there are 50% drawdowns to the S&P occasionaly. ...
user3807846's user avatar
1 vote
0 answers
49 views

How do I determine my New York pension category?

I am filing my 2023 tax return for New York with H&R Block. When I import my 1099-R form for my retirement plan with Transamerica, I am asked to select a category for my New York pension. The ...
Stevoisiak's user avatar
9 votes
3 answers
2k views

Cashing in personal retirement for real estate

I’m currently a 40 yr old military officer approaching 20 years of service, after which I will retire. My retirement income from my service will provide ~$60k per year for the rest of my life, plus ...
Jake's user avatar
  • 91
9 votes
5 answers
3k views

Rate of return on an Life Insurance Annuity

So as I approach retirement age, many people are out there suggesting annuities as a way to fund retirement. It's seductive, as they typically have around a 6% payout, that is 100K buys you 6k worth ...
Pete B.'s user avatar
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0 votes
1 answer
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SEP IRA eligibility criteria?

I am trying to determine if I can establish and contribute to a SEP IRA. Here are what I think to be the relevant details and questions. I receive a W-2 from my day job employer I have side income ...
pixelearth's user avatar
1 vote
1 answer
199 views

Why do people like Mega Backdoor Roth IRAs?

So, according to me: Traditional IRA: Money goes in tax-free Grows tax-free Taxed as ordinary income in retirement Roth IRA: Money goes in after-tax Grows tax-free Tax-free in retirement (These ...
Raj's user avatar
  • 693
9 votes
5 answers
3k views

Are there any "strategies" for Social Security besides the obvious decision as to when to take it?

I am of the age that I am constantly receiving mailings for local and web based retirement seminars, many touting "strategies" for withdrawing Social Security entitlements. This word, (in ...
Michael Hall's user avatar
1 vote
3 answers
265 views

The best way to maximise saving for early retirement

I'm 23 and working as a software engineer in the UK. I've made a point in wanting to start saving for retirement as early as possible in order to retire younger. I'm looking for the most effective (...
Matthew Bradley's user avatar
0 votes
2 answers
284 views

How is 401k basis calculated? (Warning, wrong question.)

Normally if you sell one equity and buy another with that money, any gains or losses are reflected in your taxes at the time you do that rebalancing and you have a new cost basis on the new investment....
keshlam's user avatar
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1 vote
1 answer
65 views

How do I model the diversification benefit of adding something to my portfolio?

Question How can I quantify the marginal diversification benefit of adding a particular holding to a portfolio? Context In this question, I asked about manually replicating a world-tracker ETF by ...
SuperElectric's user avatar
0 votes
0 answers
57 views

Does dividend tax witholding mean that ETFs aren't necessarily great for personal pensions overseas?

Question For tax-shielded personal pensions (US IRAs, UK SIPPs), should one prefer to "manually replicate" ETFs by holding stocks directly instead of buying ETFs, to avoid US withholding tax ...
SuperElectric's user avatar
3 votes
1 answer
364 views

Can you buy an annuity before age 55 in the UK?

I wish to retire young. To estimate how much I would need, I have hunted around the internet for any way to estimate how much an annuity paying £30,000 a year would cost for a 40-year-old man with no ...
J. Mini's user avatar
  • 607
12 votes
1 answer
3k views

If you are not eligible for social security by 70, can you continue to work to become eligible after 70?

If you start working in the US late in life and don't have 40 credits by the time you turn 70, can you still become eligible for social security if you continue working past 70? Various sources say ...
noravanq's user avatar
  • 123
1 vote
3 answers
161 views

How would you balance this scenario?

I have two jobs, one is in the private sector (access to 401k) and one is in the public sector academia (access to 401b/453b) and my wife has a private sector job (access to 401k) and both of us of ...
GµårÐïåñ's user avatar
0 votes
2 answers
453 views

Can an IRA contribution with after tax money be deductible?

I am trying to make an amendment for 2020 tax year. In December 2020 I contributed $6000 for Roth Ira and $6000 for traditional Ira (I did not know any better). I used after tax money in both ...
Rachid Brah's user avatar
1 vote
1 answer
197 views

After 4 yrs, new money shows up in closed 401K account

I separated from a company on 12/30/2015. Feb 2016 I paid $60 distribution fee to rollover the entire 401K balance to an IRA. Fast forward 4 yrs, in March of 2020 I get an email "your statement ...
Bob Duncanson's user avatar
1 vote
2 answers
329 views

Why not stuff all my money into a new high interest savings?

I have a well-balanced portfolio. I am leaving my job for a year. I see here that I can potentially receive 5% on my money. Is there a reason not to take everything out of stocks and bonds and put ...
Ken - Enough about Monica's user avatar
-1 votes
1 answer
161 views

Should I sell off my Traditional IRA holdings in the first year I stop working after 60?

Just to experiment with Roth IRA and Traditional IRA, I do have both. I have some holdings in Traditional IRA, but they are more like US$1000 and a few hundred dollars in some other firms. So let's ...
Stefanie Gauss's user avatar
0 votes
1 answer
302 views

For the US, how to calculate the Social Security benefits if I stop working at 60 or 62 but claim benefits at 70?

As related to this question and the calculator at ssa.gov, they tend to say: stop working at 62 and start claiming benefits at 62, or stop working at 70 and start claiming benefits at 70. However, ...
Stefanie Gauss's user avatar
6 votes
2 answers
2k views

Can I buy my own C-Corp through a Roth SDIRA?

Say I have a C-Corp that is holding my investments. I want to eventually cash out of my positions in the C-Corp and put the money into my Roth SDIRA LLC. Here is the plan my buddy and I have come up ...
Billybob643's user avatar
2 votes
1 answer
162 views

Vanguard: Targeted Retirement Mutual Funds vs Targeted Retirement Trusts

I have two different 401(k) accounts and each hold a Vanguard "Targeted Retirement 2040" instrument. I had assumed they were the same, but I just realized that the two accounts actually hold ...
bitsmack's user avatar
  • 233
4 votes
1 answer
495 views

In the US, is post tax 401k different from Roth 401k?

I had a talk with the brokerage firm retirement planning team, and they told me that if I have money in 401k, it can be pre tax, post tax, or Roth 401k, and even post tax and Roth 401k are different. ...
Stefanie Gauss's user avatar
0 votes
0 answers
48 views

Is using IRA, Roth IRA, and 401k money between the age of 62 to 70 in general a better choice than claiming social security? [duplicate]

My thinking this: if I don't use IRA, Roth IRA, or 401k money between the age of 62 and 70, but just let it grow, then let's say, if it was $500k at age 62, then if I am lucky to get 10% return per ...
Stefanie Gauss's user avatar
1 vote
2 answers
143 views

Does the US IRS tax board have a provision that any mistake or error such as a few cents or a couple of dollars will not be followed?

When I transfer money from my account to another account (such as from Traditional IRA to Roth IRA), the rule is that if the money has appreciated, then I need to pay tax on it. But the money is in a ...
Stefanie Gauss's user avatar
0 votes
1 answer
58 views

How are the income conversion factors for 3%, 5%, and 7% interest rate calculated for retirement income in the U.S.?

I'm reading the U.S. Department of Labor's PDF Taking the Mystery Out of Retirement Planning. Page 17, Worksheet D, asks the reader to take their total estimated savings in different retirement ...
Aleksandr Hovhannisyan's user avatar
1 vote
0 answers
52 views

Pension Rollover Problem

A friend of mine had a deadline of 2/17 to make a decision about the distribution of her pension that needed to be rolled over. She missed the deadline. Fidelity automatically chose one for her and ...
Bob Baerker's user avatar
  • 76.4k
0 votes
3 answers
438 views

Is it correct to think: when the government prints money and I buy 3 houses, then when the price of house doubles, I get 1.5 houses for free?

It actually happened in a similar fashion in the US: in 2015, the price of a townhouse nearby was $850k. Then about 1 year later, the price of it went to $1.5 million. For simplicity's sake, let's say ...
Stefanie Gauss's user avatar
-1 votes
2 answers
301 views

I earn $1 more and now my Roth IRA is "illegal" or "invalid" in the US? [duplicate]

Because my 401k is limited to a list of about 30 items, I can't buy what I want, such as QQQ or Apple or Google stocks. So the only way for me is to invest in Roth IRA. However, there is this rule: ...
Stefanie Gauss's user avatar
2 votes
3 answers
137 views

What are the reasons to avoid rolling over IRA into 401k plans?

Are there reasons for and against doing this? For I can only think of having more options for what securities to buy in IRAs since 401k options are limited. Against The only reason to do the IRA ...
heretoinfinity's user avatar
3 votes
1 answer
343 views

Contribution limit differences between 401k and IRAs

Is there a reason why the contribution limits of these are drastically different with the 401k limits being about three times higher? Moreover, why is it that the 401k limits go up over the years but ...
heretoinfinity's user avatar
6 votes
1 answer
314 views

RMD, how is it withdrawn?

How is RMD (Required Minimum Distribution) withdrawn, say the 4% RMD is withdrawn from each account separately (IRA, 403B, SEP IRA, Simple IRA) or is it computed on the entire retirement accounts and ...
per's user avatar
  • 676
-1 votes
2 answers
177 views

Pay 50% on benefits from US Social Security?

I am not sure if it is like what it sounds, which is scary: https://www.investopedia.com/ask/answers/013015/how-can-i-avoid-paying-taxes-my-social-security-income.asp From $25,000 to $34,000: You may ...
Stefanie Gauss's user avatar
2 votes
1 answer
195 views

In the US, if I am afraid my income may be over $153,000 for Roth IRA, is it true I can do the IRA backdoor?

I saw on the Robinhood website that they do IRA and Roth IRA now, and they have a 1% matching, but it says for the Roth IRA qualification for year 2023: Anyone with a MAGI (modified adjusted gross ...
Stefanie Gauss's user avatar
1 vote
0 answers
76 views

How can I make informed decisions on Keogh investments?

I am in my late twenties making enough to live quite comfortably. My company offers Keogh retirement plans, and mine has been active for about a year and a half. Currently, about a third of it is in ...
hunsbct's user avatar
  • 51
0 votes
2 answers
504 views

Can F1 students in the US earn Social Security work credits?

Assume a typical F1 student in the US. No side gig, focusing on their PhD work, getting a stipend from their school and possibly doing summer internships using CPT. Can they earn Social Security work ...
Franck Dernoncourt's user avatar
6 votes
3 answers
2k views

Financial efficiency - purchasing a car with cash from retirement withdrawal vs. by financing

When someone in their retirement is purchasing a car, is it financially more efficient for them to take a lump sum of cash out of a deferred-tax retirement account (and pay income tax on it), or is it ...
Keith's user avatar
  • 195
27 votes
2 answers
7k views

Saving for retirement... starting at 68 years old

It may sound like a joke, but it is not. I imagine I am not the only one in this situation. I guess. Here is what I have going on. I am a "one man show" self employed carpenter. It took many ...
Jack's user avatar
  • 407
1 vote
0 answers
55 views

What is a structured note and when does it make sense as part of my financial plan?

I have been talking to retirement planners recently and more than one has suggested that structured notes as part of my strategy for investing after retirement. I thought I was pretty financially ...
JohnFx's user avatar
  • 53k
2 votes
1 answer
66 views

401k Matching Rules Regarding Losses when Match is Revoked

My employer matches my 401k but it is on a long vesting schedule and I will almost certainly leave before it finishes vesting. I know I will have to give it back but was wondering how to gains/losses ...
Gerold Astor's user avatar
0 votes
1 answer
77 views

Actively Managed Funds or Index Funds [closed]

I am 40 and currently I am investing in the following funds. T Rowe Price (Actively Managed Funds) (Traditional IRA contribution POST TAX): Communications & Technology Fund - I Class TTMIX New ...
Mary Doe's user avatar
  • 759
3 votes
3 answers
723 views

When the SSA decides how much you make for the year to determine whether you pay taxes on SS, does it count IRA contributions?

I'm over 62.5 years old and semi-retired. I have a part-time gig that pays about $23K per year. I'd like to pull the trigger on Social Security, but I make too much. (I have another small gig that ...
B. Goddard's user avatar
1 vote
1 answer
206 views

what is rule for 40 year retirement?

For 30 year retirement 4% rule is suggested to be followed. Suppose a prospective retiree wants to plan for 40years, what should be max withdrawal rate
puzzled's user avatar
  • 1,016
4 votes
1 answer
294 views

Possible to open multiple IRA accounts from the same institution?

Let's say I already have a traditional IRA account with a brokerage, and I've used it for tax deduction last year. Now, I want to use the backdoor Roth conversion method. From what I have ready, I ...
fatdragon's user avatar
  • 143
2 votes
1 answer
251 views

why 4% rule in retirement if S&P return is about 7%

Lots of planners and web sites suggest rule of 4% for 30 year retirement. Also per many sites US average return in stock market is about 6.5 to 7 %. So is the 6.5-4 = 2.5% is safety margin ? Any ...
puzzled's user avatar
  • 1,016
3 votes
1 answer
54 views

Taxes on certain retirement income in Canada for a US citizen / resident of Canada

I receive US military retirement, and Veterans Administration Disability and Social Security. What is taxed in Canada? Is anything exempt such as the Veterans Disability?
Joe's user avatar
  • 31
2 votes
3 answers
253 views

Estimating Social Security for one or two years of additional work

I was looking at Social Security web site and they have option to find out how much will be retirement benefits will I get in two scenarios: Below are two scenarios and numbers(slightly modified). If ...
puzzled's user avatar
  • 1,016
1 vote
0 answers
48 views

ETF portfolio for indian retiree

I am a recent retiree and do not get a pension. I have all my savings in my bank account some of which I want to invest in an all ETF portfolio over a period of time using SIP. What are some good ...
user30850's user avatar
  • 111

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