Questions tagged [retirement-plan]

This tag should be used for any questions related to schemes for retirement or post-retirement planning or saving. A country specific tag should also be used if the question pertains to specific geography. There are some tags specific for certain retirement plans like 401k, roth-401k, rrsp that can also be used.

Filter by
Sorted by
Tagged with
0 votes
2 answers
64 views

Can I treat a SEP contribution made in 2021 as partly for 2020 and partly for 2021?

I recently discovered I miscalculated my max contribution to my SEP for 2019 and 2020 so I MAY have excess contributions in 2019 and 2020. See What is the contribution limit for self-employed person ...
user avatar
2 votes
1 answer
223 views

Lifetime ISAs appear to be well and truly tax free, so why use anything else as a retirement plan?

When you invest in a Lifetime ISA, HMRC will top up your investment by 25%. This negates the 20% tax that most people pay. As Lifetime ISAs are ISAs and are therefore never ever taxed, this makes ...
user avatar
  • 431
0 votes
1 answer
97 views

Is it beneficial to take U.S. Social Security money later? [duplicate]

I noticed if I take money out starting age 60, at $N, or if at age 70, at $M. $M is close to double the amount of $N. Is it more advantageous if I take money out later? What life expectancy age do ...
user avatar
1 vote
1 answer
38 views

Is the value of a 403b measured including or excluding contributions

I'm trying to gauge the true change in value of a 403b account. When looking at the return or yield percentages reported in the 403b account page, are these numbers based on including contributions ...
user avatar
5 votes
1 answer
251 views

"High Income Earner" savings / investment options

After 7 years in my profession, I'm finally in a high paying position. I was reminded recently that I needed to be "accumulating wealth", which got me to reading articles. One of the things ...
user avatar
  • 163
4 votes
1 answer
35 views

Does Contributions To A Simple 401K Plan Count Toward The Yearly "Normal" 401K Contribution Limit?

I work two jobs and have a "normal" 401K plan from one of the two jobs. The contribution ceiling for a "normal" 401K plan in 2021 is $19,500. I know that contributing to a SEP ...
user avatar
3 votes
1 answer
199 views

I contributed to my and my spouse's Roth IRA when she was unemployed. Now she has a job and we will exceed the income limit. What to do?

Back in January 2021, my spouse was unemployed and our joint income for 2021 was (expected to be) less than $198,000. Thanks to that, I contributed $6,000 to my own Roth IRA and $6,000 to the Spousal ...
user avatar
  • 133
1 vote
6 answers
168 views

Can buying mutual funds that performed best in the past 10 years work?

It seems one method to invest, without using much brain power, is to say, at the beginning of each month, if we have $500 to invest, then just look at the list of the best performing mutual funds over ...
user avatar
3 votes
0 answers
80 views

How do I find the 401(k) administrator of a long gone company?

I was recently informed by the Social Security Administration that I "may" be entitled to some retirement benefits from a company I worked for in ... 1996. The company (which was publicly ...
user avatar
  • 471
0 votes
2 answers
64 views

What options, if any, exist for a penalty-free transfer/rollover of a TIAA 403(b)?

My previous employer was a university with a TIAA 403b. Now that it's been over a year since I left, I am interested in transferring some or all of those funds to Vanguard, with whom I've had a Roth ...
user avatar
  • 101
-1 votes
1 answer
87 views

Do you pay taxes on "phantom" transactions related to precious metal ETFs held inside a retirement account?

Precious metal ETFs (e.g. GLD) collect expenses from you by selling fractional shares on a month-by-month basis You have to pay taxes on these sales You have to account for fractional shares sold from ...
user avatar
  • 496
0 votes
1 answer
128 views

Is it worth it to own precious metal ETFs inside a retirement account? [duplicate]

Is it worth it to buy precious metal (e.g. gold and silver) ETFs inside a retirement account (e.g. IRA, Roth IRA and 401(k)) to avoid the hassle of accounting for taxes on these trusts? Accurately ...
user avatar
  • 496
0 votes
0 answers
31 views

NPS[India] taxation in the US

National Pension Scheme (NPS) is a retirement account in India similar to 401k in US. If someone has a NPS account with money in it, and they become US tax resident, how it will be taxed. One needs ...
user avatar
2 votes
4 answers
210 views

Round up of advantaged retirement investment approaches in the US?

My friend in the US (I don't live there permanently) has a Youth who has started work as a teen while at school/college ("at Starbucks" type of thing) and we were discussing the various ways ...
user avatar
  • 13.5k
2 votes
2 answers
606 views

What is a 401k plan in some contracting agency that is 0% to 100% contribution and limited to 25 funds?

I have worked as a software contractor before, for a company and they didn't have 401(k) plan at all. And then I have worked at a different company, with something like, we can contribute, and for the ...
user avatar
12 votes
4 answers
5k views

Have I left investing until too late?

I'm 44 and have only the investment of a house. I was scared off ISAs (individual savings accounts) etc because of the complexity, choice, etc and only now have I come to make the decision to open an ...
user avatar
  • 557
1 vote
3 answers
446 views

If I have 10 BTC in total and zero fiat, how can I calculate how long can I "burn" my BTC for my survival?

A naive approach would be to take the current Bitcoin price times 10 and then divided by 12 divided by 50. That would currently get me to a little over a thousand USD monthly for 50 years, assuming ...
user avatar
  • 11
1 vote
2 answers
109 views

Is 401(k) plan without any matching like an IRA?

I might take a software contracting job, and the agency has a 401(k) plan, but just 0% matching. But it seems a little bit weird: what does it mean, is it a way for us to put more money in than an IRA ...
user avatar
29 votes
6 answers
5k views

Is a Roth IRA good for a high schooler?

I am a high-school Senior who will not earn enough income working this summer to have to pay income taxes. I have a full ride to college, so I was thinking of using my earnings/savings for retirement. ...
user avatar
28 votes
5 answers
7k views

How much money do I need to retire?

Assume that I need $15,000 (USD) per year to cover all my costs including health insurance. How much money do I need to retire? The naive approach would be something like this: An ETF gives, on ...
user avatar
0 votes
1 answer
72 views

Where can one view the split between pretax, after-tax and Roth money in one's Vanguard 401(k) account?

The best I could find is https://retirementplans.vanguard.com -> Retirement plan participants -> Manage my money -> Manage my brokerage option, which gives the split between Roth money and ...
user avatar
1 vote
2 answers
670 views

How can I verify ownership of shares bought using an application?

I am currently 24 and looking to start purchasing share for the long term investment of retirement saving. I am a little bit nervous about the entire process and I would hope somebody could explain a ...
user avatar
1 vote
2 answers
240 views

Is buying stocks to retire, instead of buying several houses, equally feasible?

Short question is: if we invest in solid companies' stocks and buy some put options or inverse-index ETF, does it allow us to "let other people run the business for us", and so we can travel,...
user avatar
  • 1,553
-1 votes
1 answer
156 views

How to find higher yield investments if I'm 20+ years from retirement? [closed]

I am 37 and don't plan on using any of this money until I'm at least 50. Currently I'm using RobinHood and have mimicked Warren Buffet's top stock picks. I'm currently looking into hedge funds day-...
user avatar
  • 895
0 votes
1 answer
82 views

Insurance product for retirement

I am new in finance. If I want to propose an insurance product for retired people, and I am supposed to take on financial risks in the hope of profit. Can someone give me some informative tips of what ...
user avatar
  • 143
0 votes
1 answer
75 views

401 K Plan and form 5500

I have a solo 401 K plan with about 225K in it through E*Trade. If/when the account reaches 250K then I will have to file form 5500 every year with the IRA. I do not want to have to file form 5500 ...
user avatar
  • 905
3 votes
3 answers
338 views

Should I contribute to a 401k pre-tax or Roth after tax if I plan to work for a year and then go back to grad school?

I am completely new to investment for retirement, and just got my first job. My job offers a 401k pre-tax and a Roth after-tax. However I plan return to grad school after one year of working. Is it ...
user avatar
1 vote
2 answers
218 views

Lifecycle Investing through index options

I'm a young DIY investor who is looking for ways to consistently implement the approach outlined in the Lifecycle Investing book by Barry Nalebuff and Ian Ayres. In short, they suggest using moderate ...
user avatar
4 votes
4 answers
244 views

What am I not considering in my current Financial Plan?

Standard Caveat: I understand the opinions expressed on this forum do not represent financial or legal advice. With that said, I have a long term goal to preserve and build wealth (in that order) and ...
user avatar
2 votes
1 answer
50 views

CARES-related withdrawal: eligible plan vs. opt-in

It seems a qualified individual with an eligible retirement plan can apply CARES act provisions with regard to withdrawals/distributions received during calendar year 2020, whether or not the plan ...
user avatar
  • 135
8 votes
3 answers
1k views

Are traditional pensions still optimal in the 21st century? [closed]

I have long had an issue with traditional pensions, I searched around and found some people at least seem to share some similar thoughts. In short, my concerns are: Too restrictive (you can't use the ...
user avatar
  • 3,585
2 votes
0 answers
58 views

What to do with US retirement plan after moving to Canada

I have accumulated a few tens of thousands of USD in 403(b) retirement plans with TIAA and Fidelity. I recently moved to Canada. I am not planning to return to the US anytime soon or ever. Is it wise ...
user avatar
24 votes
10 answers
10k views

Does the “15% into retirement” rule include employer contributions?

I keep seeing that you should be putting 15% of your income (link2, link3) into a retirement account. Does that include the employer match? For instance, if my employer has a 4% match, do I still put ...
user avatar
  • 557
6 votes
2 answers
201 views

How do I get confidence that I am planning for retirement correctly

So, I am not a big spender. I have some investment in stocks and focus on monthly savings and don’t usually splurge money. That said, I don’t know if I am doing enough to save enough money for ...
user avatar
  • 233
2 votes
1 answer
132 views

401K Liquidation

I contributed to a 401(k) for the past three years and due to market volatility there is no gain in my contribution. Its hard earned money. Is it possible to sell all the stocks and bonds contributed?...
user avatar
  • 129
16 votes
12 answers
4k views

How can I offset the risk of a market crash when making a retirement plan?

Most retirement plans in America today are built upon investment portfolios - whether it's a 401K or some other scheme similar to it, they're built upon the idea that stocks will, over time, increase ...
user avatar
  • 4,338
1 vote
1 answer
26 views

What is a 3(21) or 3(38) fiduciary? [321, 338]

My financial guy mentioned different kinds of fiduciaries by number, 3(21) and 3(38). What do they mean? Where are they defined?
user avatar
  • 131
2 votes
1 answer
160 views

Can a previous employer contribute to my closed 401k after termination

I was terminated in late January of 2020 by my previous employer. I had worked for them for 5 years and 2 months. I had over 5k in my 401k account and withdrew it all a couple days after termination (...
user avatar
1 vote
1 answer
381 views

Is it possible to retire investing $20,000 a year for 43 years? [closed]

If I put $20,000 a year in a retirement fund for 43 years, is it possible to reach $1,000,000 in 43 years?and if so, what retirement funds are good to invest? And I am talking about a retirement fund ...
user avatar
0 votes
1 answer
214 views

How much should you put in a 401k plan?

I am making ~$145,000 per year and was wondering if it is wise to contribute 12% pre-tax to my 401k? Is this too much? Is there any disadvantage in contributing nothing? I am already well off (come ...
user avatar
  • 11
1 vote
0 answers
57 views

Excess contribution to 403b

We had 39000 taken out from our payroll last year and put into the company 403b plan. Now we realize that this is more than the 25000 allowed. (19000 + 6000 over 50 years old) How can we handle ...
user avatar
0 votes
0 answers
34 views

Do employers receive any financial benefit from offering a RRSP/401K matching program? [duplicate]

I understand that companies that offer RRSP matching programs may be more attractive to work for/have better employee retention, and the employers may get warm fuzzies from offering it to their ...
user avatar
  • 2,542
0 votes
2 answers
80 views

Is employee's 401(k) contribution still a tax deduction for employer through "wages paid"?

Small business owners can claim wages paid to employees as tax deduction. If one of his employees would elect to contribute $15K of his salary into 401(k) account then would the employer still be able ...
user avatar
3 votes
1 answer
710 views

Why are Vanguard's 2050 and beyond target retirement date funds badly underperforming the S&P?

At work, we're in the process from switching from an IRA to a 401(k) and I've been looking at the different fund options. What struck me as very strange was how poorly the Vanguard Target Retirement ...
user avatar
  • 687
-2 votes
1 answer
1k views

Can you retire when owning 3 or 4 houses, and what if you still have to pay mortgage on some of them?

I did some calculations before, and found out if a person own 3 or 4 houses, townhouses, or condos, then the person can probably retire. That's including living in one house, and getting rent from 2 ...
user avatar
  • 1,553
3 votes
0 answers
99 views

Can one take retirement benefits from both Europe and the US?

Person A, a German citizen who currently holds a US green card and lives in the US, worked earlier in their life in three different European countries, contributing to various government-sponsored ...
user avatar
1 vote
0 answers
41 views

Is an online "savings withdrawal" calculator a reasonable model for retirement investment draw downs?

I want to calculate a two-phase retirement, with Phase I being the period prior to filing for Social Security retirement benefits, and Phase II being the post-filing period. Is it reasonable to use ...
user avatar
1 vote
2 answers
65 views

Do post-retirement earnings affect the amount of the benefit?

Suppose Person A, who does not have a full 35 years of earnings, and was not a high earner, files for retirement benefits at age 62. The benefits will be rather small. What if Person A starts ...
user avatar
1 vote
1 answer
96 views

Are the low earning spouse's earnings basically irrelevant for Social Security retirement benefit purposes?

Spouse A is in their mid-sixties and was the lower earner by far. Spouse B is five years younger and had a very good salary, but only from the past twenty years. (The previous years' income was zero.) ...
user avatar
0 votes
1 answer
30 views

Can EPF be withdrawn at this time?

I am considering to withdraw my EPF account, will the return amount be lower if removed now, than waiting for the future as my current situation is bad , as i am leaving my organisation.
user avatar

1
2 3 4 5 6