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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.

1
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1answer
133 views

What is the best way to create retirement fund? [on hold]

I am almost 40 and live in California. I have a one year old baby girl. I have almost no money to go to retirement from my full time because baby girl uses a lot of money. I started to drive ...
0
votes
1answer
76 views

Roth 401 K Contribution Limits

Please consider an individual, in the US, who has net earnings from self employment of $8000 who wishes to contribute to an Roth 401(k) plan. For tax purposes these earnings can be reduced by 20% due ...
0
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0answers
52 views

Best Mutual Fund Combination for the long term : [on hold]

Assuming a person is in his 30s, & will retire at the age of 60. His health, life insurance emergency needs are taken care of & That guy is a high risk taker. What would be the best ...
1
vote
2answers
190 views

Is it safe if I rely “only” on mutual funds for retirement planning?

I am investing in mutual funds to raise retirement fund. My portfolio is 25% debt and 75% equity currently. I have self occupied property. Before few years of retirement, I will start to switch fund ...
1
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0answers
27 views

Tax sheltered investment vehicles for retirement in Canada

Is there any investment vehicles to tax shelter income for retirement on top of RRSP & Pension? I know about LIRA. When you switch job you usually get your pension funds transferred into LIRA. ...
3
votes
1answer
182 views

Does it make sense to invest in multiple index funds?

The UK based investor here. I haven't found anything under "Multiple index funds" search criteria thus decided to give it a go, if there is already a similar question/answer would love to get a link. ...
29
votes
3answers
6k views

Would compound interest work better if all my accounts were combined into one?

My wife and I currently have three retirement accounts from different jobs. The only one currently getting paid into is my TSP account. Would we realize better gains if we combined the other two ...
2
votes
1answer
106 views

Should I Contribute to my roth 403b or roth IRA?

I currently have a Roth IRA Account I started a few years back when I was in college. Only have like 1300$ in it now. I started a full-time job now and I have a 403b plan. The thing is, I will not be ...
1
vote
4answers
73 views

Moving my Roth IRA to a different Roth IRA custodian

I currently am funding a 403b but it is Roth Basic from my employer. I also have a Roth IRA from Vanguard that only has 1300$. Does the Roth that I put into the 403b count towards that 5500$? And or, ...
2
votes
2answers
103 views

Social security early benefits

Can husband 61 take early retirement and wife also 61 wait until 70 to take her full retirement if she worked her whole life too.
0
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0answers
44 views

Is there a minimum payment amount for disabled federal employees in order to prevent them from “living on the street”?

FERS disability retirement amounts are based upon your 3 year average high income amounts, but I was disabled by coworkers after being forced on a 6 month NON-Fit For Duty (as a Civil Service Mariner ...
0
votes
2answers
198 views

If my employer has a retirement program that is *not* a 401(k), should I/can I invest in one of my own?

My employer does not use the common 401(k) retirement program - they are a state employer and use a different but similar State retirement program, along with a deferred compensation program that uses ...
3
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0answers
140 views

What happens to my U.S. Social Security and pension if I retire in Germany?

If I retire in Germany, can I receive my U.S. Social Security and pension there, and will it be taxed?
2
votes
1answer
113 views

Is it advisable to rollover multiple 401k accounts? [duplicate]

I left my fulltime job mid 2017. I am not earning since then (no pay roll being generated). Since many years I have changed many jobs. Each job had a 401k plan which I maxed out every year. So I have ...
35
votes
8answers
8k views

How much should you save for retirement in a country that automatically takes care of retirement savings?

I live in Denmark. Most people will automatically receive three sorts of retirement incomes. There's the state pension which is universal (you will receive 12.500 dollars pre-tax annually, which can ...
1
vote
1answer
80 views

Restricted in service distribution at age 59-1/2

Is it legal for an employer to restrict 401K in service distribution to employees 59-1/2 years of age or older? Is the employer liable if this restriction was not clearly explained at the time of a ...
4
votes
1answer
217 views

Building passive income streams: Rentals vs. stocks vs.?

I've been fortunate for the past few years to have a very high-paying job. Over that time, I've put myself in the following financial situation: I own my personal home outright I own (also outright) ...
1
vote
0answers
24 views

Retiring on a specific Corpus Invested in Specific Instruments

Let us say mu monthly expenditure is 100 and I have a corpus to last for 15 years, that is 100X12X15=18,000, in effect requiring a return of 6.66% on the corpus for yearly survival (not including ...
5
votes
2answers
96 views

Personal Contribution to Superannuation Plan

I am from Australia and have a question regarding retirement planning. I am trying to make a decision if I should start making after tax contributions to my Super to match my employer contribution. I ...
29
votes
16answers
10k views

Why should a person approaching retirement age make their portfolio less risky?

It seems to be common knowledge that a younger person should invest their retirement funds in growth stocks since they can ride out any market swings. It is also common knowledge that as a person ...
3
votes
1answer
226 views

Take a 401k loan for better investment options? [duplicate]

I recently got into an investment discussion with a coworker about what the best way forward would be if a "trade war" does break out between the US and China. He is older and has a considerable ...
1
vote
2answers
140 views

How to easily compute annual expenses?

When doing retirement planning it is important to know what your annual expenses are. I'd like to compute my expenses for 2017 but in a way that isn't tedious. I'm thinking of doing this: Get ...
5
votes
1answer
208 views

Can I trade the death benefit for more cash value in a whole life insurance policy?

There are several questions on this site that make good arguments that whole / cash value life insurance policies are not good investments (see here, here, and here). For the most part, I'm convinced ...
1
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0answers
19 views

Rollover 401k to IRA or another 401k in the future [duplicate]

I have a 401k from my previous employer but currently working at a contract-to-hire position and have no 401k. Would it be a better idea to roll the 401k into an IRA or wait until I have another 401k ...
4
votes
2answers
281 views

Just left my job. Should I roll my 401k to a Roth IRA?

I recently left my job to go back to school. I have a 401k plan with my previous employer with an account balance of $12000, and a vested balance of $8000. The $4000 difference is the employer match ...
8
votes
2answers
376 views

Comparing retirement plans (specifically a 403b and a TSP)

My wife and I both work and have access to a TSP and a 403b retirement plan. We cannot currently afford to contribute the maximum $18,500 per year to both plans, but plan on making contributing enough ...
0
votes
2answers
94 views

Should I switch from my 403b to an IRA

Would it would be wise to stop contributing to my current 403b retirement fund and switch to an IRA? Current Situation: 403b has no employer match . 403b is currently with Fidelity. I am young and a ...
2
votes
3answers
174 views

Should I spread my 401k investments across more than one broker?

After many years contribution, my previous employment's 401K account has more than 500K now. I don't like its plans which have less returns comparing with plans from other broker companies. I am ...
4
votes
1answer
163 views

Current salary in calculating necessary retirement savings

I've seen several guides online that suggest multiplying my current salary by a certain amount to see where my retirement savings should be. I think that these methods assume people ramp up in salary ...
25
votes
3answers
4k views

Can I buy Social Security credits?

I have 39 credits and no longer work in the US. (Gave up resident card after 10 years in the US). Retired in Norway. Is there any way I could buy the last credit point I need?
4
votes
4answers
230 views

What are ways to save money for retirement in the US?

I am looking for ways to save and invest money for retirement. So far I have 401(k) - max. Roth IRA - max. High Yield Savings Account - Emergency Fund Brokerage Account where I buy some ETFs - ...
19
votes
4answers
4k views

Do I need term life insurance at age 57?

I am looking at a term policies for my wife age 56 $250k worth of coverage with an initial cost $957/yr and myself $400k worth of coverage with an initial cost of $1450 /yr. We have about $100k left ...
2
votes
2answers
77 views

Retirement accounts - limits on asset contributions

If someone has appreciated assets like shares or equity of a privately held company and they want to transfer those into a tax-deferred retirement account like an IRA or 401k, is that possible? If ...
6
votes
0answers
44 views

Transferred IRA account - incurred a fee and got reimbursed [duplicate]

I transferred some IRA (both Traditional and Roth) accounts and incurred a total of $300 in fees by my originating firm that was subtracted before those transfers took place. The target firm ...
3
votes
1answer
333 views

Why does a target 2050 retirement fund hold so much cash?

I'm specifically looking at BlackRock's STLFX LifePath Dynamic 2050 Fund. As the target date is so far out (2050), I'd expect almost all of the portfolio to be allocated to stocks. However I noticed ...
2
votes
5answers
524 views

$10,000 minimum fee for a financial advisor?

My wife & I have company pension plans which together have about 1 million in savings (thanks stock market). Since we're close to 60 years of age, retirement is approaching, and while we haven't ...
0
votes
0answers
82 views

What are the pros and cons of having a higher taxable income during retirement?

I am listing the pros and cons of pre-tax 401(k)/IRA (a.k.a. traditional 401(k)/IRA) vs. Roth 401(k)/IRA, in addition to what I read on choose Roth 401(k), or traditional 401(k). One of the ...
3
votes
3answers
199 views

Asset allocation when retirement is already secure

A bit of background information, I currently have a pretty good defined pension plan with my employer, above average salary and ability to contribute to savings, high earning potential, and a low cost ...
2
votes
2answers
191 views

Retirement savings vs building lucrative assets

I am 27. I wanted to start a retirement savings account but my father explained that there would be much more profit if instead of a retirement account, I focus on making investments and building ...
5
votes
1answer
56 views

Contribution date for retirement account vs IRS Annual Limit

I want to max out my contributions to a retirement account for the current year. The employer pays twice monthly (mid-month and end of month). Looking at my retirement account website, there's a ...
12
votes
5answers
3k views

When do you actually pay taxes on Roth IRA contributions?

I'm in my mid 20s and opened up my first retirement savings this year, in the form of a private Roth IRA (having nothing to do with an employer or paychecks). From the research I did beforehand, I ...
1
vote
2answers
75 views

Does participating in a work 401k increase my take home from a Traditional IRA account?

I am checking out a Traditional IRA calculator and it seems that if I check that I have an Employer Plan (I do have a 401k plan), my after Tax return is 272k. If I uncheck that box, the number goes ...
4
votes
3answers
358 views

Is diversification better

I have had a retirement account of one form or another for over 20 years. I lost a lot of money when the .com bubble burst and since then I have followed general rules about diversification. I have ...
6
votes
1answer
118 views

Social Security widower retroactivity

I'm trying to help my dad get his Social Security retirement stuff figured out. He waited until a couple months before he was 62 and found out that he could have been getting widower's benefits since ...
0
votes
1answer
144 views

Source of funds for formation of IRA-owned LLC

I've been reading the excellent book The Self Directed IRA Handbook by Mat Sorensen. My understanding is that I can achieve personal control of the checkbook for my retirement investments by forming ...
4
votes
4answers
159 views

401k withdraw funds or switch companies?

I recently left my job. They provided a 401k and its currently at ~$10K. What do I do now? I'm relatively young and this is my first time dealing with a 401k. My questions are... Do I have to ...
5
votes
2answers
116 views

When I withdraw SS vs when I retire

If I stop working at age 65, can I wait to age 70 to accept SS (living off of my own retirement accounts and younger spouse's income) for those 5 years?
0
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3answers
480 views

Can I retire after 10 years of work?

According to this site after 10 years of work I will have enough credit to retire. But what does it mean in reality? How can one just retire after 10 years of work and be eligible for social ...
0
votes
1answer
61 views

Understanding 403(b) plans and Pension Plans

A company that I worked for long ago stopped mailing retirement savings statements or any info about my account. It took about a year for me to notice. They first switched from quarterly to bi-...
0
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0answers
22 views

MY SF-50 form and FICA

I was a DoD employee and had FICA retirement plan at the time. Now that I have retired, they do not issue me the Civilian ID card because I had no pension plan at the time I was working. They did not ...