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.
288 questions
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Is there a general guideline for how much to put in annuities? [duplicate]
A google search, and the wonderful AI that answers questions now, 20%-40% is the answer that spits out, which is - generally about what I think. But 20%-40% is a fairly broad range.
I'm talking about ...
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Tax mitigation for payment received under an employment separation agreement
I am of retirement age and "state of mind", living and employed in Ontario, Canada. My employer is ready to offer me a lump sum for an amicable separation. I am concerned about the tax ...
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Received a 2023 W-2 from a former employer with retirement Plan box checked
I switched jobs in Nov. 2022. The former employer provided 401(K), and the new employer (a small firm) required 1 year waiting period for 401(K) plan participation and can only enroll in January and ...
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What double-entry bookkeeping and account structure lets me report taxable distributions from retirement savings plan (e.g. RRSP)?
I have tax-preferred retirement savings plans, and I track their activity using a double-entry bookkeeping app. I am at the age where I am starting to make withdrawals from the savings plans. The ...
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Generic FV of PV Formula with equal inflation and savings rate
I’m trying to arrive at a formula that allows me to determine the future value of a present savings amount (P), given the following:
Period (p): e.g., Annual (p=1), Semiannual (p=2), Quarterly (p=4), ...
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What professional should I seek out to get financial advice on how to make ends meet with my current budget, expenses, and retirement accounts?
What professional should I seek out to get financial advice on how to make ends meet with my current budget, expenses, and retirement accounts?
My situation is that life is hitting us hard and fast:
...
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Why have I paid more in fees than the published expense ratio would account for?
Via my employer's retirement plan, I have some money invested in a fund with an advertised expense ratio of "($0.13 per $1,000) 0.013%". (This is listed as both the gross and net expense ...
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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 ...
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457(b) withdrawal limits?
I have a 457(b) from a state (Minnesota) employer which allows me to withdraw money from it in either regular monthly amounts or via 1-time withdrawals.
Years ago (5-7?) I was told that once I start ...
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How should I aggressively invest in ETFs with the goal of early retirement?
I'm 27 years old and trying to get my finances in order. I am very new to investing.
I have around 50k in the stock market (mainly VOO, VTI, QQQ) but it wasn't done with any intelligence. I mainly ...
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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 ...
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My employers "401(k) contribution" is cash, not an actual retirement account. What are my options?
I just took a job that I like, and the line in the offer letter turns out to be misleading (I think through inexperience, not manipulation).
This is it:
You will eligible to receive a 401(k) match of ...
- 345
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Convenience of Italian tax-advantaged retirement account
In Italy, as in many other countries, we have specific tax benefits for contributing to certain financial instruments geared towards retirement.
We can contribute up to 5,000€/year and subtract that ...
- 101
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Using a trust vs stocks to purchase land
I plan to purchase land to build a new home within the next year. I am receiving an inheritance in the form of a trust account; the account is in my name and I am also the trustee. I had planned to ...
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Can I regularly direct funds to a different retirement account?
I don't like my company's retirement plan sponsor. I feel their array of investment options are quite poor (poor because they don't have many options, their expense fees are high, and they don't offer ...
- 131
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Setting up an SEP-IRA for my single member LLC (taxed as an S-Corp)
I've set up a single member LLC (taxed as an S-Corp) for my self-employment work. I'm hoping to have the S-corp contribute some of my salary to an SEP-IRA which, as I understand it, means the S-corp ...
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Private pension for frequent country moves?
I hope this is sufficiently specific that it's answerable, I feel very ignorant about this topic, so I'm not even sure I'm asking a good question. I'd like advice on the terminology, and key ...
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How to determine which exchange to use for a long term European investment?
I am a permanent resident in Italy and I'm starting to make a long term investment of monthly fixed purchases (10+ years) in Vanguard S&P 500 UCITS ETF USD Acc (IE00BFMXXD54).
I am using a broker ...
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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 ...
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How should I account for the unpredictable value of RSUs when retirement planning?
We are in the process of doing some heavy retirement math - figuring out when to target retirement, how much to invest, how much we will have to invest, etc.
Part of my compensation is in RSUs that ...
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Am I really required to set up an Inherited IRA?
Due to death of a parent, I am beneficiary to a defined contribution employer retirement plan of type 403(b). The assets are pre-tax, a dozen or so mutual funds with names like "Stock Index Fund&...
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Caveat for participating in a private retirement fund sponsored by German "Riester-Rente"?
In my occupational pension scheme (VBL) I can, in addition to the legally required private pension insurance (VBL klassik), opt-in to extra private pension insurance (VBL extra). The latter is ...
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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 ...
- 472
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167
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Is there a penalty for rolling a 401(k) into new employer while the markets are down?
I have a 401(k) account with my old employer which I have not rolled over yet to my new employer. As I am no longer contributing to the old account or employed by them, I am wondering if there any ...
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Transfer / Withdrawal of all funds in an RPP
An individual has a Registered Pension Plan, and has recently retired.
The plan management company is restricting access to the funds to a specific amount per month, which is insufficient for the ...
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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 ...
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313
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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 ...
- 607
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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 ...
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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 ...
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290
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"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 ...
- 173
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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218
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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. ...
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5
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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 ...
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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 ...
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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 ...
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273
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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,...
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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-...
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88
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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 ...
- 143
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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 ...
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