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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.

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0
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6answers
143 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 ...
2
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2answers
595 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 ...
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2answers
52 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 ...
3
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0answers
74 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 ...
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1answer
71 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 ...
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1answer
111 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 ...
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0answers
15 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 ...
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6answers
392 views

What, if any asset classes, were 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. ...
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4answers
186 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 ...
3
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2answers
611 views

My 401k failed the nondiscrimination test -- how to avoid taxable distribution?

As in this question, and this question, my ex-company's 401(k) failed the nondiscrimination test. I've recently received a letter from the company's HR to the effect that I will receive a corrective ...
22
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10answers
9k 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 ...
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3answers
2k views

How to take care of pension funds if career is spread over many different countries?

I am a young academic from The Netherlands presently working in Sweden. Due to the nature of modern Academia, I expect that within the next 40+ years, I will be working in many different countries ...
12
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4answers
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 ...
1
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3answers
406 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 ...
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2answers
101 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 ...
28
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5answers
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 ...
29
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6answers
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. ...
0
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1answer
59 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 ...
1
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2answers
472 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 ...
2
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2answers
120 views

What should I take into consideration when deciding whether to transfer a pension fund?

I have a pension with a previous company, and a pension with the company I am working for now. The two pensions are very similar as far as I can tell. How should I decide whether to leave the old ...
1
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2answers
220 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,...
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1answer
155 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-...
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1answer
79 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 ...
2
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1answer
148 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 (...
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1answer
74 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 ...
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1answer
92 views

Will Indian young ones lose 18% of their EPF with new tax as per Budget 2016?

Indian budget 2016 has one change to Employee Provident Fund. As per the news it says It is only the interest on contributions made after April 1, 2016 which will be taxed The same is said in this ...
0
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1answer
158 views

Options for retirement investing if no company 401K available

Due to some unexpected circumstances and poor planning in 2014 neither my wife nor I have been able to contribute to a company run 401K plan. My employer does not offer a retirement plan benefit yet (...
5
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3answers
288 views

Suggested ways to save for a comfortable retirement in the UK given the lifetime allowance limits on pensions?

I've heard the rumor that this March's UK Budget will lower the Lifetime Allowance (LTA) from £1M to £800k or even less. They might index this for inflation. That seems to me to be a pretty low ...
6
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3answers
972 views

Can't withdraw from 401k because plan trustee can't be found

My previous employer (startup in Silicon Valley) was acquired by a foreign company about 2 years ago, and the parent company laid off pretty much everyone about 1 year ago, which I was a part of. I ...
3
votes
3answers
327 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 ...
1
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2answers
198 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 ...
4
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4answers
212 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 ...
2
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1answer
46 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 ...
8
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3answers
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 ...
2
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0answers
56 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 ...
6
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2answers
195 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 ...
1
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2answers
2k 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
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1answer
130 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?...
8
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6answers
1k views

When should I start saving/investing for my retirement?

I just started out with my first job and I was curious, what is a good time when I should start with my long term saving plans? Update: Thanks for the advice and I was expecting that answer. So my ...
16
votes
12answers
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 ...
1
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1answer
23 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?
1
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1answer
380 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 ...
0
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1answer
213 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 ...
1
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0answers
53 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 ...
0
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0answers
31 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 ...
0
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2answers
79 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 ...
3
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1answer
585 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 ...
-2
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1answer
6k 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 ...
-2
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1answer
909 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 ...
3
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0answers
91 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 ...

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