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.

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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 ...
user2264641's user avatar
-1 votes
1 answer
44 views

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 ...
Jim DeLaHunt's user avatar
0 votes
1 answer
59 views

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), ...
Sterdib's user avatar
15 votes
5 answers
4k views

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: ...
jason's user avatar
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0 votes
1 answer
124 views

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 ...
default.kramer's user avatar
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
2 votes
0 answers
64 views

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 ...
scottef's user avatar
  • 121
4 votes
1 answer
1k views

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 ...
john morrison'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
12 votes
5 answers
8k views

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 ...
pixelearth's user avatar
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0 answers
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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 ...
John's user avatar
  • 101
4 votes
1 answer
1k views

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 ...
GendoIkari's user avatar
3 votes
2 answers
595 views

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 ...
Cameron's user avatar
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4 votes
3 answers
3k views

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 ...
Charlie's user avatar
  • 141
3 votes
2 answers
386 views

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 ...
Clumsy cat's user avatar
0 votes
1 answer
463 views

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 ...
alexmcfarlane's user avatar
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
2 votes
0 answers
34 views

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 ...
Steve V's user avatar
  • 121
9 votes
4 answers
2k views

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&...
311411's user avatar
  • 245
1 vote
2 answers
127 views

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 ...
gerrit's user avatar
  • 3,213
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
1 vote
1 answer
75 views

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 ...
penguin359's user avatar
1 vote
0 answers
36 views

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 ...
darkside's user avatar
  • 111
0 votes
2 answers
532 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 ...
Matt Chambers's user avatar
2 votes
1 answer
293 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 ...
J. Mini's user avatar
  • 607
0 votes
1 answer
104 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 ...
Stefanie Gauss's user avatar
1 vote
1 answer
42 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 ...
Alex Reynolds's user avatar
5 votes
1 answer
263 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 ...
User51610's user avatar
  • 173
4 votes
1 answer
46 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 ...
Lloyd Banks's user avatar
3 votes
1 answer
267 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 ...
user1807's user avatar
  • 133
1 vote
6 answers
226 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 ...
Stefanie Gauss's user avatar
3 votes
0 answers
155 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 ...
davidbak's user avatar
  • 471
0 votes
2 answers
93 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 ...
Jerry's user avatar
  • 101
-1 votes
1 answer
98 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 ...
ToniAz's user avatar
  • 506
0 votes
1 answer
152 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 ...
ToniAz's user avatar
  • 506
2 votes
4 answers
217 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 ...
Fattie's user avatar
  • 13.8k
2 votes
2 answers
673 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 ...
Stefanie Gauss's 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 ...
Matt W's user avatar
  • 549
1 vote
3 answers
477 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 ...
Singel's user avatar
  • 11
1 vote
2 answers
122 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 ...
Stefanie Gauss's user avatar
30 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. ...
maxbear123's 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 ...
simplemind's user avatar
0 votes
1 answer
745 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 ...
Franck Dernoncourt's user avatar
1 vote
2 answers
1k 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 ...
memelord23's user avatar
1 vote
2 answers
254 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,...
nonopolarity's user avatar
  • 1,593
-1 votes
1 answer
157 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-...
Jacksonkr's user avatar
  • 943
0 votes
1 answer
84 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 ...
Christina's user avatar
  • 143
0 votes
1 answer
78 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 ...
Bob's user avatar
  • 1,773
3 votes
3 answers
369 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 ...
dareToDiffer07's user avatar
1 vote
2 answers
270 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 ...
Nikolay Rys's user avatar

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