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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.

2
votes
2answers
72 views

Investing in a target date fund for retirement [closed]

Any suggestions about investing in a Vanguard target date fund 2045 for a Roth IRA? I'm 38 years old. Is 90/10 stocks/bonds too heavy for my age?
3
votes
1answer
38 views

Are Governmental Roth 457b Distributions taxed if someone still works for the employer?

If someone has a Roth 457b plan, they're allowed to withdraw all the cash tax-free after they no longer work for the employer (as long as it's a qualified distribution). But if someone Still Works ...
3
votes
1answer
91 views

Options for non-US person outside US with 401(k)

This question is somewhat related to this one. I'm a non-US person (mid 30s) currently living and working in Europe. Previously, I lived and worked in the US (Massachusetts) for >3 years. In order to ...
2
votes
2answers
109 views

Can I reduce the tax penalty on a 401k loan default by making an additional contribution?

I changed jobs recently, not of my own volition. I'm now rolling over a 401k account with my previous employer to one with my current employer. Three years ago I took a 401k loan with a 10 year term ...
1
vote
2answers
132 views

If your 401(k) doesn't match contributions, should you max out your IRA contributions before contributing to it?

I've seen described three main advantages of 401(k)'s over IRAs: Employers often match 401(k) contributions. If your employer offers a 401(k), then the deductability of contributions to a traditional ...
4
votes
1answer
131 views

Why are the investment options in a 401(k) so limited?

Why is it that with my IRA I can buy individual stocks, ETF's, mutual funds, etc yet in my 401(k) plan I am limited to select funds? Luckily the funds I have to choose from are decent but I can't ...
2
votes
2answers
138 views

How to calculate how long my money would last

I want to calculate how much money I'll need in retirement. For that I want to calculate how long my money will last. I'm not sure if there is a formula for that. Lets say we have this simple ...
1
vote
1answer
355 views

Minimum Required Nest Egg Formula?

As a follow-up to this question, what is the minimum size of a nest egg to support 30 years of $5,583.33 monthly distributions? I want the $5,583.33 to increase with inflation each month. The ...
7
votes
5answers
2k views

Is this a reasonable financial plan? - Spend all of your money every few years? [closed]

Ok, the title is intentionally a bit facetious. But a bit about my current situation. I live in Europe (a high cost of living country) and save around 10,000 Euros per year. I have been doing this ...
2
votes
3answers
182 views

Effective Tax Rate in Retirement

Suppose that I'd like to net $5k of monthly income ($60k per year after taxes) from my 401k when I retire in 20 years. For 2017, I would need $69.5k gross distributions from my 401k because my ...
0
votes
2answers
128 views

Allocation basics not so basic [closed]

I've been trying to put together a long-term (15-20 years) ETF portfolio (stocks only, no bonds). As I read about the investment and allocation basics, I realized it's far from simple. I would like my ...
18
votes
2answers
4k views

Continue to save?

I'm in my late twenties and have, thus far placed a keen focus on having a healthy personal finance. I'm reaching a point where I'm starting to question if I'm placing too much emphasis on it. My ...
4
votes
2answers
201 views

How to save for pension in Switzerland when moving around?

I am a 28 year old Swedish citizen living in Switzerland as a PhD student. It is possible that I will move internationally one or more times before settling down. I will stay for at least 3 years, ...
4
votes
2answers
110 views

Roll Over High-Fee 401(k) but lose unvested employer contribution?

I'm still a student (2 more semesters), but recently completed an internship with GoodCompany that provided me a 401(k) matching plan. While I have about $1200 in it, I'm only vested in my ...
0
votes
3answers
107 views

When planning for retirement, should $18k plan be from employer and employee?

As the title states, if I am saving and my employer matches equals $18k or more, does that meet the intent of saving at least $18k a year for retirement? For example, hypothetically saving $3k and ...
0
votes
6answers
231 views

What, if any asset classes, acted contrarily correlated during crash of 2008

This is a meta question about diversification, and if it truly exists for passive investors. i.e. Investors investing in 401ks, IRAs, Roths, primarily using ETFs or fund with large pool of stocks. ...
0
votes
0answers
55 views

Roth 401(k) Loan

I am thinking about taking out a loan from the Roth 401(k) plan. The idea behind the loan is to put more money into the Roth 401(k). I would like to charge myself a very high rate of interest, say 20%,...
4
votes
2answers
346 views

What is the source for the maximum total annual 401k contributions?

Not that it would make much sense to put all of your income into a retirement account but why could I not deposit say 100k into a 401k in one year? What exactly prevents me from doing such a thing if ...
0
votes
1answer
55 views

When will i get my defined contribution and 403b match?

I started working at this org at the end of January. I was wondering when I will be eligible for the defined contribution plan, and the 403b match. I am kind of confused, thought maybe someone could ...
1
vote
3answers
275 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 ...
0
votes
0answers
133 views

Is Private Pension Worth It

I am 23 and now looking into what to do with some leftover monthly money. My question is whether getting a pension is worth it or not. Are pensions in general just scams? Am I just wasting money on a ...
-2
votes
1answer
182 views

Meaning of EPF codes PUPUN Full Form - Should this not be MHPUN

I have searched PF code meaning for Pune - Maharashtra. It is showing PU/PUN. Generally my understanding is say for Karnataka First two alphabet is KN which means Karnataka state. So Maharastra it ...
3
votes
2answers
153 views

How are Social Security Benefits adjusted after early retirement, when collection is delayed to 70?

After trying multiple calculators, from ssa.gov (https://www.ssa.gov/benefits/retirement/estimator.html) and others (for example https://www.aarp.org/work/social-security/social-security-benefits-...
1
vote
0answers
140 views

Retirement plans for my mother

My mother has never had a retirement plan (she has worked for years in family houses but that kind of work is often underpaid and doesn't count towards retirement) and now I am very worried about her ...
2
votes
1answer
117 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
77 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, ...
1
vote
2answers
97 views

How does my Defined Contribution pension plan work?

I am a new employee and I was wondering if someone can help me understand what this defined contribution retirement plan means for me. My org says after 1 year of service with 1000 hours and being 21 ...
3
votes
1answer
77 views

Retirement savings strategy for non-residents in the USA

My understanding based off reading a bunch of questions on this site, and elsewhere, is that the standard advice for an American citizen, working in, and planning to retire in the US, is as follows: ...
11
votes
3answers
746 views

Should I get out of debt fast using Dave Ramsey's Tactics?

I currently am $31,000 in debt from school and a personal loan and I am looking to pay it off. I just started a new job; I am 21 years old, fresh out of college. I am making around 50K USD. I have ...
10
votes
3answers
2k views

Should I consolidate my retirement plans if both are performing well?

I worked for a company between 2010-2014, and have an established retirement plan through T. Rowe Price which they matched into. In 2014, I changed jobs and had a new retirement plan opened under ...
2
votes
1answer
347 views

Difference between 403(b) and 401(a)?

I currently am working at a non-profit organization, and I am trying to figure out what the difference is between the 403(b) and 401(a). I am trying to decide whether I should have a percentage of my ...
2
votes
3answers
82 views

Given a tax-advantaged account with commission-free funds, is there any disadvantage to frequent rebalancing?

In my retirement accounts, I have lazy portfolios consisting of a few index fund ETFs that my broker offers commission-free trades on. I would like to rebalance these funds not only to keep my ...
13
votes
1answer
2k views

Should I begin investing in a 403(b)

To start off, I'm very naive when it comes to these issues. I know virtually nothing about retirement funds. I'm 24 years old, and currently in my second year of a gap between undergrad and PhD ...
3
votes
1answer
556 views

How much is not contributing to Social Security hurting our early retirement goal?

We're a late 47 yr old childless couple, hoping to maybe early retire, and currently our main "day jobs" paychecks don't contribute to Social Security. But we will also not get pensions from these ...
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 ...
3
votes
3answers
316 views

Generating monthly income on $100,000 [closed]

I shall be getting $100,000 on sale of my property. How do I invest the money to get a monthly income on the capital?
1
vote
0answers
27 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
1answer
222 views

Can I make a lump-sum contribution to a SIMPLE IRA?

My employer offers a SIMPLE IRA plan to which I can contribute 3% of my salary. My employer contributes a 3% match. The employee contribution limit of $12,500 is far higher than the 3% amount I will ...
8
votes
2answers
1k views

Within the same calendar year: Current job does not offer a 401k. So I contributed to an IRA. Future job does. Can I still contribute to the new 401k?

Current job does not offer a 401k account. So I contributed yearly maximum to a Traditional IRA. My new job does offer a 401k plan. Can I still contribute to the new 401k for the year?
1
vote
1answer
680 views

Are the New York State Deferred Compensation Plan (NYSDCP) 457(b) Costs and Fees Comparable to Other Retirement Investment Options?

I'm considering enrolling in the NYSDCP and reviewed the administrative fees at: https://www.nysdcp.com/tcm/nysdcp/static/fee_transparency.pdf?r=1 I'm trying to assess whether the fee schedule is ...
2
votes
2answers
143 views

As a foreign (EU citizen) IT contractor working in the UK (London) what should I do with my savings?

It's my first question on here so please go easy on me. I am just starting with the forum and building up my wealth so apologies if the question has too many treats. I am 34, single, no commitments,...
5
votes
2answers
254 views

Are mutual funds composed of bonds really as low-risk as the bonds themselves?

I live in the US. I often see advice that a retirement savings account should include a combination of stock mutual funds and bond mutual funds, with the relative weights depending on the years to ...
2
votes
1answer
125 views

Best way to start investing for retirement with a lower income

I am wondering what the best approach to begin investing for retirement is with an income under 25k a year. I'm expecting to gain employment within the next year with a job that has a much higher ...
0
votes
0answers
170 views

Early retirement options

I plan to retire early (around age 45). Living in Europe. My question relates to what order I should be saving / investing in now and what order to use that money when I get to my early retirement age....
2
votes
2answers
168 views

Roth 401(k) compared to Roth IRA

Is there any benefit to investing in a Roth 401(k) plan, as opposed to a Roth IRA? I currently have a 401(k) plan at work that has a (very generous) 6% salary match on contributions, with no vesting ...
0
votes
2answers
92 views

401k plan vs company size [closed]

I am looking for financial information about a private company. All I could find that is publicly disclosed is the 401k plan details (form 5500) The form mentions a plan net asset of $1.5M, 19 ...
15
votes
11answers
7k views

I am failing to see the purpose of a Traditional IRA for someone who already has access to a 401(k)

If I understand correctly, the Traditional IRA, if you have 401k with an employer already, has the following features per IRS: Your contributions are taxed Your contributions are NOT taxed upon ...
5
votes
2answers
381 views

Can I hire my wife to max out another roth 401k?

I own my own company. I am maxing out my roth 401k with a match of 4%. Can hire my wife and pay her just enough to max out another roth 401k?
1
vote
2answers
169 views

Should retirement fund be equal to amount of money needed for financial independence?

Retirement funds aren't very common in Pakistan but I got interested in them reading question and answers on this forum. I want to know ideally how much should a person save for retirement funds? I ...
2
votes
2answers
112 views

Should I use a TSP loan?

I am considering using a TSP loan versus a credit union loan to finance the purchase of our next vehicle. I am trying to weigh the relative costs (both direct and indirect) between the two options. ...