Questions tagged [retirement]

This tag should be used for any questions related to retirement or post-retirement, such as planning or saving for retirement, or asking about benefits or issues after retirement.

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1answer
35 views

Class of shares specifically for retirement accounts with contribution limits

Regarding US retirement accounts like a 401k or IRA, can a corporation (or any entity) get around employee contribution limits by contributing a class of shares that have a certain value but get ...
1
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1answer
548 views

Contributed to a Roth IRA…But I'm Married Filing Separately

In 2015 my wife and I both contributed $5,500 (each) to a Roth IRA. We went to a bank, talked to an adviser and generally felt like we were doing the right thing. The website for managing the IRA ...
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2answers
707 views

Pension + Pay Compensation Calculation

How would you do a simplified calculation of your compensation with an added pension. E.G. Your pay is $50,000. Your employer will pay you roughly $0.33 for every dollar you earn after you retire. It ...
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3answers
6k views

If I switch jobs to a lower tax bracket right before I retire, do I save on 401k taxes?

I'm curious about how your withdrawal tax bracket is determined for your 401k Here are the scenarios: A) Let's say I am making $100,000-$200,000 per year for my whole career with a Traditional 401k. ...
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1answer
3k views

When a publicly traded company splits into two how are common shares fairly valued, distributed?

I recently read that Alcoa, a publicly traded company (AA), will soon split into two publicly traded companies. While merging two companies makes sense to me, splitting does not. Merging companies ...
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2answers
519 views

Retirement Savings vs. Student Loan payments

I'm currently 23 and deciding if I should pool my extra income every month towards my retirement or student loans. My situation: I believe between saving for retirement and student loan debt I have ...
4
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1answer
227 views

Getting retirement savings back on track after 30

I've largely ignored dealing with my finances in the past, mostly because I really, really hate dealing with them, and as a result have made some poor decisions. I've been making good money but I've ...
2
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1answer
94 views

Are there any tax-advantaged retirement plans I can use if I'm a grad student with only stipend/fellowship income?

I'm starting a graduate program in 2017 where I'll get a stipend. I don't think I'll receive a W2 because I won't be working for the wages, so I don't think I can contribute to my IRAs while I'm in ...
9
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1answer
117 views

Can capital gains or rental income be used for contributing to a retirement account?

If my wife is considered a real estate professional, and she buys a house to flip, can the gain be used to fund a tax retirement account i.e. SEPP or a 401(k)? Can the rental income from rental houses ...
5
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1answer
103 views

Fees for depositing US social security check

My bank charges a significant fee for deposits of US Social Security checks. Is this generally a paid service or I should explore other banks and get lower fees?
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3answers
322 views

Retirement planning 401(k), IRA, pension, student loans

Currently I am making 58k/year with a chance for a 10% bonus. (I am pretty sure I will receive this bonus). I'm trying to decide how I want to set myself up for retirement. I'm 23 years old turning 24 ...
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2answers
877 views

Why did federal taxes come out of my check when I elected 100% pre Tax 401k contribution

I got a bonus check and elected 100% into a pre Tax 401K. I knew FICA would come out but was surprised when federal tax came out as well. The Gross was $2278. with $85.07 going to federal and $174.26 ...
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2answers
293 views

How late is Roth (rather than pretax) still likely to help?

Given the choice, should one switch from Roth to traditional IRA/401k contributions as one approaches retirement, and if so is there any good way to decide when? If it affects the decision, I am ...
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2answers
1k views

Using a Roth IRA instead of a college savings account

This might be a foolish idea, and if it is please tell me why. Last night I got the idea that it might be a good idea to invest the money that I'm saving for my children in a Roth IRA in their name. ...
2
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0answers
107 views

Help me apply Windfall Elimination Provision to my situation

I struggling to understand exactly how the Social Security's Windfall Elimination Provision applies to me in my situation (and thus what it specifically means for how long I should keep my part-time ...
2
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1answer
179 views

Stocks and Bonds in Roth IRA vs non-tax-advantaged

I have an account with Vanguard. I have a Roth IRA, Rollover IRA (from my 401k from a previous job), and I have a standard non-tax-advantaged account. Currently, all 3 accounts are fully Vanguard ...
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3answers
1k views

Father retired a little early doesn't need 401k but should he move it to Roth IRA?

My father recently retired at 63. He has some money in his 401k (the provider is ADP) and they keep emailing him with an advertisement telling him the ramifications of withdrawing any money out early ...
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2answers
87 views

Got a budget for grad school with some extra cash. Add it to my portfolio, or use it for grad school?

This year I’ve maxed out my Roth IRA (with employer matching): https://hellomoney.co/portfolio/6bad58-roth-and-401k Aside from that, I’ve got $17k in a checking account that up until now I haven’t ...
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3answers
352 views

Please help me decide whether to Roth IRA or pay off my underwater mortgage?

my name is Jane and this is my first time stumbling across this site. I'd appreciate any quality answers to my question. Here's my stats: 3 jobs: 55k/year FT at a church 40k/year PT at a juvenile ...
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2answers
970 views

Take Social Security at 65 or spend retirement savings

What is better? To retire at 65 1/2 and spend nothing but retirement savings until reaching age 70. At 70 take social security for both me and my wife and get the maximum benefit. I would spend $...
2
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1answer
236 views

What percent of minimum wage should I save from today,if I expect a certain percent of the then minimum wage,as income from corpus,after retirement?

I am trying to evolve a simple formula or a thumb-rule (under assumptions) to answer the question " Am I saving enough for my retirement ? " or "How much should I save today ?". But, not in absolute ...
2
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1answer
224 views

As an American living in Canada what should I consider in determining distribution between RRSP and IRA contributions?

I worked in the US for 15 years before moving to Canada which resulted in a retirement portfolio in the US that contains a traditional IRA. Now living in Canada I have opened an RRSP and have ...
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1answer
149 views

Can U.S. citizens make sensible retirement plans while abroad?

Accidental Americans (perhaps born in the US but never lived or worked there) are still required to file U.S. tax returns in perpetuity. One of the many problems with this is that tax deferred ...
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3answers
788 views

Investment strategy for retired couple

My parents are retired (71 and 75), their house is paid off, and they have a moderate amount of savings between some IRAs and bank accounts. All of their savings is in cash or money markets, and it ...
2
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1answer
14k views

My pf no on salary slip is MH/PUN/ Can anyone tell me how can I get UAN no if combination for Maharashtra-Pune becomes PU/PUN UAN Member Portal?

I work in India, Pune. I want to generate UAN [Universal Account Number] allocated to track the PF [Provident Fund, Govt. Pension scheme]. I was using government site Employee's Provident Fund ...
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3answers
182 views

Retirement Options for Income

I am in the UK and hoping to retire in a few years. I am aware that pension rules have changed recently so an annuity is now not my main option for an income - due to my age annuity would only yield ...
2
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2answers
189 views

Is it possible to have multiple retirement accounts?

Can an individual have separate traditional IRA, roth IRA, 401k, roth 401k etc...? Assuming they somehow have the income to put into them, and yet are still eligible to have such accounts? If not, ...
12
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2answers
1k views

Is it worth investing in 401(k) if a company doesn't do matching?

The company offers 401(k) but doesn't match your contribution at all. In this case, it worth investing in 401(k)? For what reasons might a 401(k) be preferred over an IRA if there is no match?
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2answers
73 views

Is anyone using Monte Carlo Sim Analysis for Retirement Strategy? [closed]

I am trying to run Monte Carlo projections for retirement savings and goals. I know that there are a few good tools out there such as OnTrajectory.com and other websites. Is anyone out there ...
2
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1answer
66 views

Using Index Returns in Retirement Investment Planning

In retirement planning one of the inputs to a forecast is an assumption about return on investments... and there are a number of rules of thumb thrown around. 6%, 8%, something that goes from higher ...
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2answers
114 views

Does the starting balance of an account affect it's rate of growth?

Given two accounts: Traditional IRA - Current balance $30,000 403(b) - Current balance $0 And contributions of: $400/month * 12 months = $4,800 / year Which account would you apply contributions ...
18
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3answers
9k views

what happens if you don't start collecting social security until you're 75?

My father recently turned 70 and distrusts banks somewhat. He doesn't feel he currently needs the extra income that social security would provide and that if he took the extra money now that that ...
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1answer
156 views

Formula to determine readiness to retire based on age, networth and annual expense

The formula should be conservative since it is hard to determine with precision. Better be on the safe side. Suppose person XXX has liquid networth of $1.5 million, age 38 and annual expense of $50 ...
2
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3answers
478 views

What is my pension worth?

I am currently seeking disability compensation thru a lawyer. I am unable to work due to medical problems. I am 60 years old and have a pension that is worth 500.00 per month when I reach 65. Problem ...
2
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2answers
198 views

Starting a new job. Help me with retirement/debt planning please!

For context: I am about to be 27 (M) and am starting a job later this month. I have been considering various different methods to attack my debts, which are below: Student Loan - $24,288.77 @ 5.75% ...
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0answers
68 views

Possible to file W-4P “retroactively” for annuity early withdrawal?

I made an early withdrawal of $25,000 from an annuity account [no surrender fees] and, at the time, it was my understanding (based on conversations with the financial rep) that the taxes would be ...
21
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5answers
2k views

What retirement accounts are available without age based withdrawal penalties?

If you retire early and have money invested in a Roth IRA or a traditional 401k, that money can't be touched without penalty until you're 55/59. (Let's ignore Roth contributions that can technically ...
2
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1answer
405 views

What's the difference between investing in Index Fund through and not through a IRA/Roth IRA?

I'm a young adult who currently invest in Vanguard index fund using money from my paycheck, which is already taxed. What is the difference of doing this compared to put the money into a Roth IRA ...
2
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1answer
66 views

Superannuation drawdown for non-resident

I'm an Australia citizen but not a resident. I worked there for ~10 years and have a considerable amount of money in my (compulsory) superannuation account. It's consolidated and relatively low fee, ...
4
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1answer
322 views

How to maximize Social Security benefits when working spouse retires at 62 and other spouse are 67?

My wife is 5 years older than I, and while she has only worked sparingly in the last 13 years, she worked full time from about 1980 to 2002. I am not sure if she will ever work again as our youngest ...
4
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3answers
377 views

Retirement as arbitrage of the tax system

While reading this blog post about effective marginal tax rates, I came across a reference to this scholarly article with the following abstract (emphasis mine): The paper offers four main ...
3
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0answers
51 views

Why is my unreduced retirement date same as the normal retirement date

My employer says that my unreduced retirement date is the same as normal retirement date (at age 65). How come some people have unreduced retirement date that is upto 5 yrs sooner than their normal ...
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1answer
32 views

Institution As A Retirement Account Beneficiary

If possible, what information do I need to have in order to have an institution (private K-12 school) be the beneficiary of my retirement accounts?
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1answer
160 views

Is the earliest retirement age set by candian government or by the employer

My employer tells me that there is a concept of an 'earliest retirement age' which happens to be 55. basically if I retire at 55 instead of 65, the formula for the company pension (not Canada pension ...
12
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1answer
1k views

Should I pay off my mortgage, begin retirement savings, or build my emergency fund?

My Goal I am trying to calculate how best to apply my income to my various goals. For the sake of simplicity, I'm interested in the balance between three specific goals: Paying down my mortgage ...
4
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7answers
2k views

Is selling put options an advisable strategy for a retiree to generate stable income?

Suppose a retiree wants to generate stable income from selling S&P500 (or other stock index) put options. Is this an advisable strategy for a retiree?
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3answers
199 views

Are junk bonds advisable to be inside a bond portfolio that has the objective of generating stable income for a retiree?

Suppose a person has retired. He would like to construct a bond portfolio that generates stable income for his remaining days. Is it advisable to include junk bonds in the bond portfolio for that ...
1
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1answer
92 views

Individual 401(k) and Contribution Limits [duplicate]

For an individual who was self-employed part of this year and contributed to an Solo 401(k). Now the individual is employed and covered under a standard 401(k). Does the solo 401(k) contribution ...
1
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1answer
158 views

Steps to calculate reduction in spending vs. savings till retirement

I'm stuck and I I think it's an algebra issue. I have a typical what do I need to save (today) so I can retire question for the first part. Let's say you need $1,239,926.43 in savings at retirement (...
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1answer
300 views

If you are layed-off by the US Navy, do you lose retirements benefits? [closed]

Sailors in the United States Navy get a pension after 20 years of service. A few days ago, I met a man who told me he had been laid-off from the US Navy after 17 years of service and that he now ...

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