retirement....? why it is important to begin planning for retirement early?

What will the effect of the boomer retirement have on the stock market? Right now, boomers are preparing for retirement. Most are earning in their peak years or near their peak income levels. They are pumping more money than ever into the market to pay for their retirements. The ratio of people pulling money out of the market to fund their retirements in comparison with the people putting money into the market to save for their future retirements is better than it will be for at least the next three generations, most likely more. In the next five to fifteen years, the ratio of people paying into the market to save for their retirements in comparison to the people taking out of the market to pay for their retirements is going to change drastically. The draw on the market will increases drastically over the savings rate to finance retirement. This will be a historical first for the stock market.

What is the difference between total career points and retirement points in the military? I spent 3 years, 9 months and 10 days on active duty (was released 3 months early for graduate school) That gives me on my retirement printout 1371 retirement points. Then, I joined the guard and received another 164. Total retirement points 1535 for a total 5 "good" years. However, I also did some correspndence corses which I was told to turn in to the retirement person which shows up on my printout as "ACCP Misc Points" and is added to the "Total Career Points" column--NOT the "Total Points for Retirement Pay" column. Question--what is the difference between "career points" and "retirement points?" If career points are not calculted for retirement pay, what are they good for? To the one responder so far--I am sure you know what you are talking about--however, I have no idea what "non-retirement bond" means.

How can you get retirement when your employer does not offer it? My husband has no retirement plan with his employer and are there companies out there retirement companies that offer plans for the individual. If so, then what are some good companies to have a retirement plan through.

How will my retirement savings affect my ability to get financial aid for grad school? I have been working for almost 10 years and have been building my 401K since I started right out of college - now, I want to go back to graduate school, but I don't know if I'll be able to get any financial aid or favorably-priced student loans if I have retirement assets. Am I required to dip into this money as a first-dollar plan, or can I keep my retirement assets intact & still get financial assistance (even a Stafford loan)? Thanks!

What is the FULL retirement age for social security retirement benefits? Full retirement age means that you won't get a benefit rate which has been reduced because of age.

What retirement plan rules do you need to know for the series 7 exam? I have a STC book my company gave me and it has the 2004 numbers for all the retirement plans. I know there was a major change in late 2006, so should I know the old rules or the new ones? Also, I'm getting at least 90% on all practice exams and understand the options in the book very well. The only thing I have trouble with is remembering some details like all the exemptions for rule 2790. Is the exam that detailed?

What is the best retirement savings plan for a small business owner? I'm a small business owner (4 full time employees) who does not offer any retirement plan or have one for myself. My employees are commission based only. What would be the best retirement plan for me and for all of us, individually? Thanks!

Can my retirement account invest in real estate that I purchase for leasing to unrelated tenants? If I have a retirement account, say a 401k or an IRA, can I use those funds - not to borrow - but as an investment in a mutli-tenant residential apartment complex that I will be leasing to unrelated tenants to derive income? How is this done? Who do I talk to about the details?

How does retirement for reservists work? I am in the USAF reserve now as an avionics tech. (enlisted). I plan on reenlisting and hopefully retiring. I also plan on a career change (officer) since I will be getting a degree in nursing. How will retirement work in my case? Do I have to wait until I a certain age to start receiving benefits? What about on-base privileges? I plan on staying straight reservist; no active duty except for TDYs. Thanks!

What happens to 401k and other retirement accounts when the "owner" passes away? When someone dies, leaving an estate to their beneficiary, it could include stocks, bonds, investment accounts, retirements, real property, etc. I believe everything under $2 million passes to the heirs without any tax obligation. (Is this correct?) My question is about the tax-deferred retirement accounts (non-ROTH) that collect ordinary income tax when you draw the funds. Would this tax be required from the heirs? Thanks.

How good is a 403(b) retirement plan compared to the others? I am taking a new position at a non-profit organization. This company is offering a 403(b) retirement plan and I am wondering if I should take it or not. They will pay 75% after 1 year and I can make contributions, before taxes, of up to 10% and I can be fully vested after 3 years of employment . What is the difference between this and a 401K or other retirement programs really?

What percentage of retirement money should go to real estate? My parents have reached their retirement age and are planning on buying a home in California. What percentage of their savings should go to the downpayment? They want to maximize the downpayment so that their monthly payment can be easily covered by their Social Security and pention. But I worry that they won't have enough investment in other areas and will be short on the rainy-day funds. Please help! Not that I didn't try.... Grandparents always want to stay close to the grandkids. My husband and I are probably going to be in Ca long-term so that makes it impossible to convince my parents to consider other states. They are not millionairs and they are not going to invest in real estate. Just want to get themselves a place to live and still have some extra money for day to day spending.

Is it more important to have 3 different retirement savings accounts? My husband has been stashing money into 3 different retirement savings accounts through his work. I just found out about it after 3 years he's been on this job. Is it so very important to save for one's retirement that we can barely get by payday to payday? If he had bigger paychecks without saving for retirement we would be out of debt by now.

What is the best source for starting a retirement account? Im in my early twenties and I just started working after finishing school, but I do want to start a retirement account. What source or foundation should I use for a retirement account? Im pretty dumb in this area. Is a savings account through a company like ING Direct bad for a retirement account?

What is better a retirement plan or a 401K plan? Is there a difference and how much should I save a month? Do you know a good place to start when your employer is not doing retirement because you do not have enough hours? I dont feel like Social Security will be around when I get to the age to draw. That will be like in 2040 something.

What is a good retirement present for a Englishteacher? I've been with my English teacher for 4 years, and she is retiring this year. She was going to retire last year, but she decided to stay and see my class graduate. What would be a good retirement present to get her? Any ideas are appreciated! Thanks!

What is the best retirement option for someone that wants to save on his own? I am a foster parent and I get paid by my agency through a per diem. That means the money I get paid is tax free. And since I don't have a full time job, I don't have a retirement plan. I want to start saving for the future. Can any one help?

What are the penalties for withdrawing your retirement funds early to buy your first home? Does anyone know what (if any) are the penalties for withdrawing some or all of your retirement funds to use as a down payment to purchase your first home? I have a 457 retirement plan and I am considering pulling out $10K to go towards the purchase of my first home. Normally I would be penalized 30% but I heard somewhere that there are 3 circumstances where this is allowable without penalties. Can anyone vertify this is accurate or tell me where I can get more info. Thank you!

What are the best retirement plans for a yong lawyer to consider? i am a law school student and i want to know what would be the best way to plan out my retirement. Such as what i would be doing at what age. i am 26 now.

How much of my retirement contributions will I get back if I leave my job? I'm employed with the local public school system. I began working for them eight years ago. Through my employment, I have been having an amount deducted from my check to be placed in a retirement account through the school system. The system has been adding funds to it as well, but what I am concerned about is the part I have been contributing. I have decided to leave my job and stay home with my kids full-time. Since my retirement account is not a 401K, it can't be "rolled over". So, I am assuming the school system will have to return my retirement contributions to me, minus what they have contributed and local taxes. Am I correct? If so, will this amount automatically be federally taxed, or will I have to report it on my next tax return? I'm so confused! I don't want to call my employer to ask these questions if I can help it, because I don't want it to sound like I'm more concerned about my money than all they have done for me over the past few years.

What are the qualifications for retirement? What age and what are the conditions for retirement? Can you work when you are retired for money? What are the rules for the state of California?

What is the best way to rollover untaxed retirement accounts ? I am nearing retirement and have about 25k in untaxed money in a retirement account through my employer. I am looking for a way to roll it over tax free and still keep investing it safely but have access to it as needed with no withdrawal penalties. Is there a way ??

Can I still get the retirement benefits of my father denied of him? After 27 years of dedicated service, and an outstanding loyalty award on his 25th year of service, he was administratvely charged of violating certain rules to remove him from office and denied of his retirement benefits. It happened in the early 1970's. Is there hope to prove his worth and claim it for my mother?

What does it take to financially secure your retirement? What actions can be taken at different stages of life to ensure a financially secure retirement? How would you plan to fund your retirement years.

What are some good combined retirement and birthday party ideas? My mom retires Friday after 33 years at her job as a secretary.My nephew's 5th birthday is on the same day. I want to throw them a small, family only party. I want to have my sister, her husband, my niece (age 6), my father and boyfriend attend. I plan on having the party at my parent's house (my apartment is too small) on Friday evening. I want it to be more elegant for my mom but also fun for my nephew. I would like to serve appetizers and cook a special dinner something kid friendly yet elegant (chicken parmesan or salisbury steak). Maybe separate cakes (vanilla for mom, chocolate for nephew), cheap champagne to toast the retirement and sparkling cider to toast the birthday, etc...(this is where you fill in your ideas on things)

how does a retirement account work? how how does my money grow by investing in a retirement account? I know that once I invest money in a retirement account I can't touch it unless it's for emergencies but I would like to know how does my money grow in this type of account and how soon can I see results?

What states do not tax federal retirement income? I receive a retirement annuity from my service in the federal government and would like possibly to move to a state which does not tax the annuity income.

When should I start saving for retirement and how do I do it? I'm 24 yrs old and I've been thinking about opening up a retirement plan. But I dont know what to look for. Any suggestions would be great! I am a freelance interpreter so my employment does not offer one.

What is the best poduct for retirement for someone self employed? I own my own company and I am the only one. I need to the most beneficial product (s) for my retirement.

what are the advantages and disadvantages of opening a retirement plan? I am planning to open a retirement plan but what are the advantages and disadvantages of opening a retirement plan and what is the best company to open an account with?

When you have a retirement account, is it fixed interest to ensure you earn money for retirement? Sorry, might be a stupid question, but I'm 17, and don't know anything about that. I know that you can put part of your retirement investments into more risky funds, but isn't some of it (probably most of it), put somewhere where you WILL make money, since lots of people cannot take a risk with that type of thing??? Please elaborate!!! Thank you!

Moved from Virginia prior to final federal retirement effective date - is last pay subject ot VA tax? I moved from VA a few days prior to my official retirement effective date. I receive a final pay, including substantial leave cashed out after I moved. Is this subject to Virginia tax? All preretirement pay, including this shows up on my W2 with VA as the state reflected on it.

Does Participating in a Retirement Program Prevent You from Deducting an IRA Contribution? Years ago, a person who participated in a retirement program could not deduct an IRA contribution. Is that still the case? What kind of retirement program is relevant to this situation (defined benefit, defined contribution, 401k)?

What is the best way to handle retirement funds? I am inquiring for someone. How can you get the most of your money back? The govt wants to take 45% of his retirement fund before he can have it. I've heard of investment companies that can help you bypass this but ofcourse they have their hands on your money and there is a lot of fine print and he isn't very savvy and could easily be takin advantage of. Anyone got a clearcut solution?

How and where do I start a retirement account.? I am 21 , going to school, and living with my parents. I plan to put $200 to start a retirement account and then add roughly $83 a month to make it $1,000 a year for the next few years till I get a better paying job. My question is can I open an online retirement account? Right now my bank is bank of america. I also wanted to know if I started a 401k with my current employer how does that transfer to future employers. I do NOT plan on staying at this job much longer. Until I learn more about stocks and other investment tools I just want to focus on retirement accounts.

What is the best way to save for retirement if I am a stay at home mom. What is a spousal IRA? I quit my job to stay home with my daughter. But i may go back to work some day and would like to use my 401K money to continue saving for retirement in the mean time. What is the best option?

Can a 66-year old individual with no retirement or regular income file for a tax return? Can a 66-year old individual with no retirement or regular income file for a tax return and be eligible for the stimulus package check in May 2008? Thanks.

How many years of service is required from retirement from a County service? If I get a job from a County govt, what's the required minimum number of years of service to be eligible for retirement? 20 years?

What are the basic needed for a good retirement? What are the things needed to be done by a person who've just started his career, in order to secure a good retirement? How much to save, what kind of insurance to follow, taxes to be paid, what must he do? Any suggestions?

How does a person on disability and force retirement with bad credit get a loan ? I never seem to get ahead with the bills that I have and I only get a limited income and have been on disability and forced retirement since 1987 and up until 2003 was paying on bills that my brother charged in my name and that is when the creditors told me not to pay anything more. During that time, I had to close several accounts that I had in my name and they went to the credit bureaus and now I have bad credit as far as I am concern and need to get a loan to pay off those bills and try to get some brand new clothes and some other items that I need. Anyone with information pleaselet me know some how, by the grace of God I need the help soon. Or I will crazy! I won't go to payday loans because they are way too expensive and the bills I have is not all just every day bills, they are bills that I keep getting phone calls about from the creditors. Wife can't help out at all her money that she gets on her disability goes for her medicine and all the house cleaning and the personal hygine we have to have.

How do you decide whether to save for retirement (which is tax-deferred) or save for a down payment on a home? Buying a home, even with the downturn in the market, is still the most successful way to invest money. But I don't make enough money to both save for much of a down payment and still put much money aside for retirement. So how do I choose where to put what money I don't need to live on?

What is the best way to save for Retirement for Small Business owner? My husband and I own a small business - what is the best option for both of us to save for retirement and why? We are both in our 20's right now.

What is the penatly for taking out early retirement? Does anyone know exactly how much money the government takes from early withdrawl of your retirment funds, I'm in my 40's. I need the cash but want to roll some over too. Let's say I took out 35-60K, Is there any way to get around all the penalty's, Most of this money I get will be for paying debts/creditors, so is there anyway to pay them with out being penalized? Is there a better way to take your retirement funds? Great advise from all so far. Retirement was funded from employer, no contributions on my part. It is actually going to be approx. 160K. But I only want to take 30-60K, sorry if that was mis-leading. I don't own a house, so that will not work. And have not found employment yet, so investing with another company won't work either. I feel the only way to get out of debt and not rely on the government is to take my funds until I find work again. Your right my luck has ran out, at least for the time being, and don't I know it!

unemployed electronic engineer willing to work in a retirement community.how to apply? iam an electronics engineer .i haven't worked in a job for the past 5 years & now iam willing to work in a retirement community.is it possible?how to apply for this?suggest some other jobs suitable for my qualification.

If you never save for retirement, what happens to you? How much SHOULD you invest? I'm only 25, but still at my age, I"ve just gone through lots of schooling, and spent all my money on things like housing, car, vacation, etc, all those frivolous things, and I never really saved, I'm n ot a millionaire, and I don't have a 401K or any type of plan yet. I have lots of family friends, and I live with my partner, who has some of those things, but I'm starting to feel like maybe I should already have some sort of a plan. Personally, I just don't think that far in advance, because I could be dead by then, but just HOW important is saving for retirement. Worst case scenario, if you have no plan, money, friends or family by then, will you end up being a homeless senior citizen, where do you technically end up? I'm not familiar with the programs this country has, if any. I'd like to start planning something, however it makes life SO monotone, everything is a plan. work, schooling, shopping, retirement, it takes the FUN out of living. Blah.

Is it better to use home equity or retirement to temporarily make ends meet? We are married in our 40's with a baby. I am stay at home mom and my husband was laid off. We have two homes and no debt aside from mortgages. Should we use our home equity or cash in retirement to make ends meet until we have another income?

What activities can I plan to make a retirement party memorable? My dad's boss and I are planning a large retirement/55th birthday party for him. We are planning for a large group of about 75 people. It will be a surprise party. Dad is a fisherman, so I've decided to have a fish fry and go with a "gone fishing" theme. I've found plenty of party favors and decorations, but I'd really like to get the guests involved. I think it would be hard to play games with that many people. I'd like to try to have some activities that are fun and funny that will make the party truly memorable. Dad is not a sentimental person, I don't think he'd care too much about a scrapbook and I know he won't watch a videotape. I'd really appreciate any suggestions you can offer! Many thanks.

What percentage medical retirement pay will i get for a mental disorder? I'm in the military and have been diagnosed with panic attacks and GAD.Medical has said i can be evaluated by a medical board to confirm eligibility for medical retirement.

How much can I safely withdraw from my retirement savings without running out of money? Is there a formula? I am planning on an early retirement and need to know what portion of my nest egg I can use to supplement my other sources of income without fear that I will end up with zero. I have another 40-50 years of life expectancy and plan to continue to invest the remaining balance as I make once-a-year withdrawals.

contributing to retirement plane to reduce taxable income? How does 401K and pre tax IRA work with max contributions for 2008 tax year? I know max 401k is $15,500 (Im only 40yrs). How much can be contributed to an IRA after 15500? How about a non working wife what can she contribute to a retirement plan?

Claiming a deduction for a dependant in a retirement home? I wish to correctly claim the additional support money for a dependant in a retirement home. The money is the $3000 difference between the retiree's payment from OAS/pensions and the charges from the home which I have paid during the year. The retireee is not currently disabled.

Can US and Canadian federal retirement benefits be combined? If I have worked in both countries, can I use the retirement account in one to add to the other. Specifically: if my SSI in the states does not have enough work units accumulated, can I add to them from my Canadian retirement account?

How can I calculate my cost of living at retirement? I am trying to decide how to determine the "level of comfort" I want to have at retirement.

What percentage of my income should i save for retirement savings ? I need to start saving for retirement. Is there a rule of thumb that could get me started.. Like 5% or 10% of my income... I need some basic advice on what to do.

Retirement? If you have £300,000 cash, a house, and you are only 45, would you consider retirement? Would you find guilty retiring so young? What would you do after retirement?

Retirement? I'm 55 and have an invested retirement of $75,000 with the County I've worked for - for 23 years. How can I invest in the next 10 years to get an even bigger retirement? I know I procratinated and now I'm playing catch up. Please help. Ready to Retire at 65.

Retirement? Working towards joining. I'm 21 and married. No kids. Just curious, I've been hearing and heard stories from veterans that retirement pay isn't that great and these days don't hardly even cover normal living expenses. I'm sure rank and such would make it all vary but I'm mainly looking for someone who is already retired, weather you have been for a while or just recently. Is the retirement a descent living check or do you have to look forward to getting a civilian job after you retire from service to afford to live? After basic 20 year service

Retirement? I make around 35.000 dolars a year, I'm married but my husband is graduate students so no money from him! We are 30 years old and we need to start saving for retirement too. What should we do? How can we save for retirement and live ok? Thanks for all the help you can give me.

Retirement? Can you please briefly give me the advantages of retirement? Why people look forward to retirement?

retirement? been thinking, how much would some one need to save for retirement living in the wild... like at camp, only going to the city for yearly supplies.. and in retirement for about 30 years? ok... what i mean by living in the wild i mean no internet, no electricity at all....and a tent no.. i mean like a cabin, woodstove, no cell phone, car, running water even.. all no.. just like they use to live way back in the day, like 1800s but in the forest on a lake (and i know the land prices are expensive in the places i would like to build) sorry forgot to mention, im about 20, single, no kids.. no plans in having kids.. possibly marriage.. i have a passion for photography and camping deep in the forest... im talking about the bare minimum you need in life.. small home, living dependently off my self and nature entirely

retirement? If you put money in a retirement fund,and want to withdraw all the money early,are they obligated to give your money back anytime you want it

retirement...? how will a degree in business prepare me for retirement without social security???

Retirement..? What kind of retirement do government jobs offer, like for a fire fighter, police officer, ect.. but if it makes any difference, trying to find information for an EMT, Paramedic, and Firefighter. Thanks.

Retirement? After living in Japan for over 40 years, we're nearing retirement! Japan's high cost of living would eat up our retitement savings! where should we be thinking of retiring to? We like Asia and would like to settle down in the Far-East 1. Stay where we are(Okinawa) and make the best of it 2. Philippines 3. Return back to the U.S. of A 4. You don't care

retirement.....? i'm nto sure what to write in a retirement card for my teacher...suggestions?

Retirement? My husband and I are 51 and 43 respectfully. My husband has no 401k at his work. He says that they had a rep come in a couple of years ago to assist the employees in investing and that he has $10.00 a week that gets invested with no company match. This is not making any profit. I am on disability but am going to school to become employable, so I do plan on bringing in income later. My question is, does anyone know how to best plan for our retirement this late in life? Since we are getting by (just) on my disability and my husbands income, I hope to save a lot when I begin working.

Retirement?? I've talked to a few "financial advisors" and some tell me that i should invest in my 403b others tell me a Roth IRA then i've had others tell me i should invest in an annuity? I am a teacher who is still many years from retirement so what should I do?

Retirement? I have 5K that I want to invest towards retirement. I know very little about the options availible or the best move to make for the long run. I'm thinking about opening 2 roth IRA accounts at $2,500 a piece. One for me and one for my wife. And then contribuiting to both on a montly basis. Is this a good idea? Or is there a better option?

Retirement? About how much money do you need in your retirement account to bring in $3,000.00 a month when you retire?

Retirement? I'm a 25 year old female who has not even came close to saving for retirement..... I have just recently got my credit cards paid off so fortunately i have a few extra dollars to save. I would like to know the best way to increase my money in the long run?

retirement? ok when you retire from working what do you get from social security? do they give you money every month based on how long you worked or how much you earned? or do they give you like a whole bunch of cash all at once and never again?

Retirement? how do you retire and live off your nest egg and what equitys and amount would you have to have to do that.

retirement? k so my teacher is retiring..the class wants me to say a speech or a couple words to her...what should i say?:S....other than being all "thank you for everything and we wish you all the best" any ideas for a speech maybe?

retirement? someone i know retired and only 2 person 's acknowledged her, and yet they email her call her etc. another words smiling in her face and yet didn't even give her a card. any advice?

Retirement? I just turned 23. I have a job and want to go to college to be a nurse. Just some future info that might change my out-come. I want to retire at 65 with $2,000,000. I'm putting whatever I can afford into a savings account each year. Which right now isn't much but I know every little bit helps. How do I reach the $2,000,000 mark by 65? I don't really know much about investing. I kind of know how the stock market works but I wouldn't know what to buy stock in. What do you think of CDs? Can I get an IRA of somethink like a 401K through a bank? Thanks in advance for all your help.

retirement? I am looking into taking my pension to live in a completely different part of the world, at least for a while....quiet life by the sea sort of thing...try to fit in without being a problem...I live in the country in the US...does anyone have any info on doing that sort of thing in Ireland I'm talking about maybe a year to see how things go...I've been living spartan and saving...just looking for a very small town and wondering about expenses and such...eat at the local pub, walk about...nothing tourist like

retirement? looking for web sites about different areas to retire in or visit for extended periods when I retire. I'm having difficulty finding out information about housing, expenses, and general living issues...and not to forget neat places to be in. I've never been a person that is satisfied with a 2 week vacation...I think it would be more pleasurable to build a network of contacts until I was simply too old to move around...I'm the type of person happy just doing simple things, hiking around and eating in a local restaurant...anyone out there have any good information? I'm thinking about Ireland, Scotland, Chile...not normal vacation spots

Retirement..? what are you doing so you can retire?

Retirement? If a person wanted to retire a little early, what can be done about insurance for him and wife?

Retirement? I'm currently 25 years old and planning on retiring around the age of 50. I'm in the police academy in NYC and have around 20,000 in debt and will be able to pay everything in 5 years. I started a Roth IRA and a brokeage account a couple of months ago. Since i dont make much I deposit around 100 per month into my IRA, but hopefully in 2 -3 years will be able to deposit the max. Do you think that by the time i retire i will have around 6k - 8K per month? My pention will probably be around 50 - 60 K per year. What else do you think i need to do to make sure i will have 6k per month by the time im 50?

Retirement? Is there 401k for NBA players?

Retirement?? Why are so many AMERICANS taking their pensions over-seas??

Celebrity Retirement- Finance Question? Brad Pitt and Angelina Jolie are thinking about retiring. They will both retire in 20 years. Brad will live for 23 years after he retires and Angelina will live for 33 years after she retires. While they are both alive during retirement, they want to have a total steady income of $5,000 per month. This income will be paid at the end of the month. After Brad dies, Angelina wishes to receive an income of $3,000 per month. This income will be paid at the end of the month as well. In addition, Brad wishes to give their son, Shiloh, $100,000 when he dies. When Angelina dies, she wishes to leave $25,000 per year, in perpetuity to Ryerson University, in a scholarship fund. The scholarship fund will earn 5% annual percentage rate (APR) in perpetuity. Brad and Angelina will earn 6% APR, compounded semi-annually on their investment during retirement. Currently Brad and Angelina have $10,000 in the bank. The $10,000 earns 10.4% APR compounded quarterly for the next 20 years. a) Draw a detailed timeline and label all components to illustrate Brad and Angelina’s retirement plan. b) Calculate the EAR and the EPR of (i) 6% APR compounded semi-annually and (ii) 10.4% APR compounded quarterly. c) Will Brad and Angelina have enough money to fund their retirement, the gift for Shiloh, and the Ryerson scholarship fund? If not, how much must they set aside each month for the next 20 years? Assume these deposits earn 8% APR compounded semi-annually and the payments are made at the beginning of each month. d) If both Brad and Angelina were to die together 20 years after they retired, would they have enough money to fund their entire retirement? If not, calculate the new monthly payments they would need to set aside for the next 20 years. Assume these deposits earn 8% APR compounded semi-annually and the payments are made at the beginning of each month. e) Draw a new timeline and label each component to illustrate Brad and Angelina’s retirement plan based on the scenario in part d).

Celebrity Retirement - Finance Question? Brad Pitt and Angelina Jolie are thinking about retiring. They will both retire in 20 years. Brad will live for 23 years after he retires and Angelina will live for 33 years after she retires. While they are both alive during retirement, they want to have a total steady income of $5,000 per month. This income will be paid at the end of the month. After Brad dies, Angelina wishes to receive an income of $3,000 per month. This income will be paid at the end of the month as well. In addition, Brad wishes to give their son, Shiloh, $100,000 when he dies. When Angelina dies, she wishes to leave $25,000 per year, in perpetuity to Ryerson University, in a scholarship fund. The scholarship fund will earn 5% annual percentage rate (APR) in perpetuity. Brad and Angelina will earn 6% APR, compounded semi-annually on their investment during retirement. Currently Brad and Angelina have $10,000 in the bank. The $10,000 earns 10.4% APR compounded quarterly for the next 20 years. a) Draw a detailed timeline and label all components to illustrate Brad and Angelina’s retirement plan. b) Calculate the EAR and the EPR of (i) 6% APR compounded semi-annually and (ii) 10.4% APR compounded quarterly. c) Will Brad and Angelina have enough money to fund their retirement, the gift for Shiloh, and the Ryerson scholarship fund? If not, how much must they set aside each month for the next 20 years? Assume these deposits earn 8% APR compounded semi-annually and the payments are made at the beginning of each month. d) If both Brad and Angelina were to die together 20 years after they retired, would they have enough money to fund their entire retirement? If not, calculate the new monthly payments they would need to set aside for the next 20 years. Assume these deposits earn 8% APR compounded semi-annually and the payments are made at the beginning of each month. e) Draw a new timeline and label each component to illustrate Brad and Angelina’s retirement plan based on the scenario in part d).

Military Retirement Changes, would this stop you from joining? The current military retirement system is such: -Be in the military for 20 years and you can retire. You get 50% of the pay you earned while you were still in the military. So if you join when your 18 years old you can retire when you are 38, plenty young to get another job. If you are enlisted you should be getting a retirement check, on average, $of 1,700. That’s plenty of money to retire on. DOD wants to change all that. They want to make it so you don’t get a retirement check until you turn 60 years old! So if you retire at 38 that’s 22 years with no income from the military. -More detailed description if current retirement system: http://usmilitary.about.com/cs/gene... -I joined for the education and retirement benefits. If I knew that I would not be able to collect retirement till I was 60, I would not have joined. Will this suggested change discourage people from joining? Is this change a bad idea?

retirement income, international sheet metal workers union..help? Ok, here is the deal. Husband took early retirement. age 59 from union sheet metal workers federal retirement plan.. they came up with this early retirement idea.. and now 4 years later.. say OH wait the retirement fund is not what it should be.. so we will no longer give cost of living increases to all those who took early retirement! People who retired before 2003 are not affected by the cuts.. now does this seem right? These guys worked 35 to 40 years in the trade.. expected , counted on cost of living.. can they just take it away?? Is there legal action that can be taken,, if so who would you talk to about this??

Early withdraw of retirement plan? I had 89 thousands dollars in my retirement fund,i got 67 thousand dollars after federal and states taxes are held.My question is do i owe 10 percent on the whole 89 thousand or do i owe just on the 67 thousand

Retirement question? Scenario: A person has been at a job for about 2.5 years and putting money into a 401k retirement plan. They plan on going back to school in approximately 8 months and leaving their job (permitting acceptance). They will be in school for 4 years and not working. What would be the best thing to do with the retirement? Can it just sit there for 4 years? Also, if accepted to school, can you stop contributing to retirement immediately so that money can be saved for moving expenses, etc? More than likely, the money will have to be withdrawn for additional costs of moving and getting started again in a new city. Will they let you withdraw before leaving a job? If not, in this case, could you stop putting money into retirement once accepted to school, and then withdraw later? Very confused on how this all works. Any input is appreciated.

retirement question? You are 40 years old and plan to retire in exactly 20 years. Starting 21 years from now you will need to withdraw $5,000 per year from your retirement fund to supplement your social security payment. If you expect to live to age eighty-five how much should you place in the retirement fund each year for the next 20 years to reach your retirement goal, assuming you can earn 12% per year on your retirement fund investment? Show your formulas and input

Retirement Home Owner? My friend said that his father is the (can't tell you) of a retirement home tycoon. First of all, the tycoon is a she. My friend said that she has a chain of retirement homes as well as a retirement city/villa. For Christmas, she sent him a PS3 with 2 games, his older sister a new Dell laptop, and his younger sister an iPod Touch. Does any1 know who this retirement home owner is? I think he also stated her net worth to be in the upper 6 figures/ lower 7 figures.

What retirement company offers 30 year plan? I have seen a retirement firm online that offers retirement plans based on the years you have left until retirement. Anyone know who this firm is? They have several different plans where based on your retirement date they invest the money differently to help reach your goals.

State retirement benefits, Divorce? My in laws been separated for 3 years, but are just now filing for divorce. Her husband wants her to sign some paperwork that gives up her rights and wants her to write a character endorsement for him (he is running in a local election). If she does he says he will sign some type of federal form that states he is giving up his rights to 50% of her retirement. She is a school nurse and is eligible for retirement in 5 years. She cannot find a copy of this form and he says she has to provide it...she has checked with the financial office at her school and they don't know anything about it. She is reluctant to sign the endorsement because he doesn't have the morals that he wants her to say, but she is worried that he will take her retirement. She also cannot afford an attorney despite our recommendations. She was the sole worker for their family. Is there such a form? and can he "take" 50% of her retirement?

Can someone explain how retirement works and how one can count on it? I'm about to graduate, but I still don't understand how retirement works. My dad had a salaried job.He planned to live off the retirement that the company would give him.But when he was 51 he was laid off.The only job he could find is a pay-by-the-hour job.It doesn't pay retirement.Who's going to hire a 54-year-old if they have to pay for retirement in just a couple years?How's it possible for him to find a job?Will he have to work until he dies so he can pay food and bills?Am I the only one who can provide money for him to live when he's too old to work?My mom just got a $10/hr job with paid vacation as a receptionist at a doctors office.Will she get retirement?How can a doctors office afford to support each retired employee for the rest of their lives?What keeps any company from laying off all their old workers so they don't have to pay for retirement? Now I have to figure out what kind of a job to get. I don't understand how I'm supposed to build a secure future for myself.

Calculate retirement saving...? Assume that your father is now 40 yrs old, and he plans to retire in 20 years, and he expects to live for 25 yrs after he retires, that is , until 85. He wants a fixed retirement income that has same purchasing power at the time he retires as 75,000 (calc impact of inflation till the retirement date - ignore inflation after retirement date). His income will begin the day he retires, 20 years from today and then he would receive 24 additional payments. Inflation is expected to be 4% per year from today forward; he currently has 200,000 saved and expects to earn a return on his savings of 7% per year, annual compounding. How much must he save during each of the next 20 years (with deposits made at the end of each year) to meet his retirement goal? a) 31,105.90 b) 35,709.25 c) 54,332.88 d) 41,987.33

Early Retirement? I work for the N.H.S. The trust I work for are promoting early retirement. I am considering accepting it. I have another five years for the normal retirement age of 60. What I need to know is.. The lump sum and the pension I could get are quite a bit less that the amount I earn. Due to taking retirement early.There are a number of reasons for me to take early retirement. I wont go into those. But would there be any help that I might get fron the government or would I just be considered as voluntarily unemployed???

Best Retirement Plan in USA? I am 26 year old female. My company doesn't provide any retirement plan like 401K or something. Where else I can plan for my retirement. Since I have time, i can probably go for some safe plan. Also tell me if by chance I have to take out my money from my retirement plan before my retirement , what happens?

Retirement and happiness project. Retirees please respond? I'm doing a psychology project on retirement and happiness and would like an opinion from some people who are retired. Is retirement all it is cracked up to be or are you still working through your retirement? If you aren't working, are you happier now or were you happier working? What is it that most influences your sense of happiness in regard to this subject? Any response is welcome and appreciated.

Retirement Funds? My husband and I are looking into retirement funds. We have gotten some information on them and how much to start. We are thinking of just saving money in a cd first and when it builds up enough money go to a mutal funds. Is that a good plan? What should I look for in a Retirement Plan? What company do you feel has a better Retirement Plan?

For early retirement, should I max out my retirement accounts or taxable accounts? I am 22, but I want to retire early. Something like 35 or 40 would be ideal. Right now, I'm maxing out my contributions to my Roth IRA and a Roth 401k, with money going into various stock mutual funds. However, I'm wondering if this is the way to go, as I understand that I can't even access my 401k account until turning 59 1/2 anyway. For my early retirement goal, should I continue to max out my retirement accounts, or scale some of it to taxable accounts? I recognize the tax advantages of the retirement accounts, but I'd also like to have money to draw on pre-59.5 yrs old. Thanks!

Retirement Funds? My husband and I are looking into retirement funds. We have gotten some information on them and how much to start. We are thinking of just saving money in a cd first and when it builds up enough money go to a mutal funds. Is that a good plan? What should I look for in a Retirement Plan? What company do you feel has a better Retirement Plan?

Retirement Plan help through Roth IRA? Hello, I'm currently 18 and in college right now. Unfortunately I know only little things about retirement plans. I'm currently working and would like to open a Roth IRA since my workplace does not have a 401K plan. I know that there's different directions to go through: stock, mutual funds, or CDs,etc. My question is, what would you recommend for me to start by? Stock market or mutual funds? and with what company? Vanguard, Fidelity, Etrade, etc? (I'm hoping to make a nice long-term growth until retirement) I'm afraid to do this all alone, since my parents themselves don't know anything about retirement plans. Plus the fact that my dad lost all of our savings in the stock market with no research done on the company.

Retirement savings risks? What do you think the risks are regarding shifting demographics and retirement savings? It has been noted recently in the news that people are having to borrow from their retirement accounts in order to make ends meet in basic needs, often at the risk of having to pay heavy tax penalties for not being able to pay it back. Do you think that given the profound economic leverage certain industries (i.e energy)exert on the world economy, and the increasingly heafty amount available in 401Ks puts the individual at greater risk? In other words is the time for the baby boomers to move their money to a safe vehicle upon us given the fact the energy industry is capable of causing a world recession that would force them to use their retirement money at great loss to themseleves? What would be the market repercussions of such a move? Many economists, as recent news organizations have reported, support the idea that the energy sector has profound economic power in a vast array of markets. Due to their profound ripple effect on the economy, I chose this sector as an example. There may be other risks out there of which I am unaware. As suggested, the rampant consumerisim of the American needs to slow, but that will probably result in a contraction of the world economy before a rebalancing occurs. Also the irresponsible behavior in the corporate sector will undoubtly have its impact as well, forcing a reduction in consumerisim simply due to lack of planned income. I think it would due the inordinately wealthy of the world well to revisit the history of the '29 market crash in order for them to see what side their bread is buttered. I also want to point out that I am asking this question in reference to those who are struggling to meet basic needs, not those few people who "can afford" such luxury items as those mentioned. Heaven knows I can't, yet my 401K is 10x the average baby boomer if commenters are providing correct information.

Are my retirement 5 year buy in calculations correct? Assumptions . Age 44. Retirement at 55. Cost of buying 5 extra years toward retirement ~50,000*. Current yearly pay ~ $65,000. 5 years extra retirement benefit x 10%. Current benefit $6,500. Years to retirement (55) 11. Future value of benefit with 2% COLA and 10 years compounding ~$8,000. Conservative investment comparison. A) $8,000 a year with 2% COLA for 20 years (age 75) @ discount rate of 11% ~$87,000. Present worth of $87,000 in 11 year @ 5% ~$50,000*. Added value $37,000. Rate of Return 5.04%. Aggressive investment comparison. B) $8,000 a year with 2% COLA for 20. years (age 75) @ discount rate of 6.5% ~$157,000. Present worth of $157,000 in 11 year @ 10.5% ~$50,000*. Added value $107,000. Rate of Return10.45%. Average Rate of Return 7.75%.

Retirement Planning.? A couple will retire in 50 years; they plan to spend about $30,000 a year in retirement, which should last about 25 years. They believe that they can earn 8 percent interest on retirement savings.on retirement savings. a. If they make annual payments into a savings plan, how much will they need to save each year? Assume the first payment comes in 1 year. b. How would the answer to part (a) change if the couple also realize that in 20 years, they will need to spend $60,000 on their child’s college education?

retirement home? A son takes his father to the retirement home. Grandad doesn't want to go, but the family insists he has to go. On the first night, Grandad is settling in when a gorgeous nurse enters and tucks him in. Grandad gets an erection, she sees this and climbs aboard. The next morning Grandad calls his son and tells him he's changed his mind. Now he likes the retirement home. The next night Grandad is heading for bed when he trips and falls face first on the floor. A big male orderly sees him, drops his pants and has Grandad right there and then. The next morning, Grandad calls his son and tells him he no longer likes the retirement home. "But yesterday you told me you loved it there...." says the son. "Yes, but you don't understand. I only get an erection once a month, but I fall down nearly every day!"

Retirement in hollywood films???? O.k. so I am doing this presentation in my "Theories of aging" class and I need to look at differences in retirement. A movie clip is great to illustrate this in class but I can't think of any movies right now that have retirement scenes in them. I would like to show how some seniors live in posh retirement communities...or get to vacation south for half the year...and other who get the crap end of the stick...and are stuck in dingy apt. or homes. PLEASE help!!

Retirement plan, I need some reviews. Help? Anyone ever used or heard of HRLARP Retirement plan? Its also know as the Housing Renewal & Local Agency Retirement Plan. I've heard its for people that work at HUD Housing Authority's. I'd like some info on the company. Thanks again

RETIREMENT POLICY - As a result of the reduction of money budgeted for departmental areas, we are forced to cut down on our number of personnel. Under the plan the older employees will be asked to go on early retirement, thus permitting the retention of younger people who represent our future plans. Therefore a programme to phase out older personnel by the end of the current financial year, via retirement, will be placed into effect immediately. The programme will be known as RAPE (Retire Aged People Early.) Employees who are RAPED will be given the opportunity to look for other jobs outside the company, provided that they are being RAPED they can request a review of their employment records before actual retirement takes place. This phase of the operation is called SCREW (Survey of Capabilities of Retired Early Workers). All employees who have been RAPED or SCREWED may file an appeal with upper management. This will be called SHAFT (Study by Higher Authority Following Termintion). Under the terms of the new policy employees may be RAPED once, SCREWED twice, but be SHAFTED as times as the company deems appropriate. If the employee follows the above procedures he or she will be entitled to get HERPES (Half Earning for Retired Personnel's Early Severence). As HERPES is considered a benefit plan, any employee who has received HERPES will no longer be RAPED or SCREWED by the company. Management wishes to assure the younger employees who remain on board that the company will continue its policy to ensure that employees are well trained through our Special High Intensity Training (SHIT). The company takes pride in the amount of SHIT our employees receive. We have given our employees more SHIT than any other company in the area. If any employee feels he or she does not receive enough SHIT on the job, see your immediate supervisor. Your supervisor is specially trained to make sure you receive all the SHIT you can stand. Does the above sound like your company !!! Serious replies only please ! ! ! ! ! ! ! ! Not serious replies only. It's a joke, albeit a long winded one.

retirement overseas? What country would be the best to stretch a retirement pension, have relative freedom, have good services, and good and safe consumables... If you could supply a web site giving some hard answers, I'd appreciate it

Canadian Retirement Fund? a few years ago I began saving Canadian coins, mostly out of a like for coins and the local practice of tossing them in the trash. I jokingly called it the Canadian Retirement fund, as a joke and purported it to be the easiest way to acquire a retirement based, minimal yes, but it was a joke. Now, however, the exchange rate is near 1 to 1 and this useless currency has a value. How easy is it to exchange foreign currency, and do you think the loon could still rise even more? Yes, this is both serious and joking at the same time. I am amused at how my joke is playing out.

Does a 20-year retirement from the Marine Corps goes toward a Federal Job (example working with at the VA)? Can you still pull your retirement check every month doing so? I am currently working at the United States Post Office. I was under the impression that you could through them, but now since being hired I am being told I would have give up my retirement check and buy back my 20 years (which they told me I would be crazy to do). Is being a Federal Employee different? I know if I hadn't retired from the Marines; I would have been benefictial. But I don't see why I'm "sort of" being punished for serving 20 years for my country. (My retirement check is only about $1800 a month with a 40% disability through the VA.) Also does disability count as something I would have to give up also for either a Federal Employee or working for the Post Office also? Thank you and Semper Fi!

retirement plan? what is one financial application of time value of money for retirement plan financial service providers?

Retirement investment: Is there any way to invest in one specific stock as opposed to the portfolios? I want to invest pretax dollars in deferred comp, but I want to pick the stock myself and not have these retirement companies decide how it's allocated... maybe a dumb question, but is this possible? Then I'd be able to invest in my favorite stock at 70 % of the actual cost.

What will the effect of the boomer retirement have on the stock market? Right now, boomers are preparing for retirement. Most are earning in their peak years or near their peak income levels. They are pumping more money than ever into the market to pay for their retirements. The ratio of people pulling money out of the market to fund their retirements in comparison with the people putting money into the market to save for their future retirements is better than it will be for at least the next three generations, most likely more. In the next five to fifteen years, the ratio of people paying into the market to save for their retirements in comparison to the people taking out of the market to pay for their retirements is going to change drastically. The draw on the market will increases drastically over the savings rate to finance retirement. This will be a historical first for the stock market.

American Retirement Savings proposal - Clinton? I really had a hard time reading through the American Retirement Savings that Clinton proposed as part of her platform in running for president. What happened to Social Security? Why is she trying to come up with a 401k plan for Americans to save for retirement when we have Social Security. I along with most every American working is NOW paying into this Social Security retirement savings plan and a good chunk of my paycheck at that. How is it possible for politicians to still take money out of our checks (the younger generations -- 20's to 40's) when they have already said that these funds are not going to be available to us when we retire? What makes you think that we will go along with this same type of a plan (except calling it a 401k)? The government will use this money - just as its used our Social Security. Is there an escrow account that this will go in that government will not be able to touch? Why should we have to pay into this 401k and Social Security?

how to plan for retirement? I'm 30, hubbie is 39. Combined income is 70 before taxes. We put about 500 a month into his company retirement- some sort of IRA. We goofed off and saved nothing for years, travelling and all that. The past three years all of our savings have gone towards our house and his parents' retirement. We own a house, have about 40K more to pay on the mortgage, but also will need to get a new roof and basic repair work, so probably you should think of it as 50K. We have no other debt at all. We are in good health, have good insurance through my husband. I have no retirement income through my job. So our only retirement income right now is through my husbands job- the 500 a month. No other bills. All of our spare income goes towards paying off the house. We should be done with that in about 2 years. So, what should we do when the house is paid? Good book recommendations? We can live on his income, so we will have about 20K a year to play with to put towards retirement. Oh, a little piece of info- we have finished paying for his parents' retirement (at least for quite a while). They do not live in the US, so there was no other option. They live in a country where there are not pensions or retirement plans. His siblings helped a lot too, and his parents are basically set now for the rest of their lives unless some terrible unforeseen thing happens. We don't have kids and don't want them. I have no expectations or plans or chance of living to 120. That's way too long to be that old. I'm guessing I'll die in my 80s, which is fine with me. Life is wonderful, but I'd off myself long before 120 just because being feeble and sick and constantly needing medical care is a drag.

withdraw or borrow from retirement? Everyone says never withdraw or borrow from retirement, but I think every situation is different. I'm 35 and have 130k in retirement (which I consider to be a respectable amount for my age). I put alot in early and it paid off for me. I recently got divorced and rather than give my ex 50% of my retirement, I choose to basically pay her 40% now. I assumed some of her debt and gave up my half of the equity in the marital home. Unfortunately, now I am a little strapped for cash. I am prepared to borrow $50k from retirement, but would like some advice. My thinking is borrow the money, but double my pre-tax investment from 5% to 10%, that way over time my retirement will be ok. Negative is that I will have a short paycheck for 5 years. Another option is just to withdraw $50k, but I know the taxes and penalties will kill me. I don't know the specifics on that. Any advice? To clarify, my job is extremely stable. I'm an engineer for the federal gov and do not plan leaving.

Railroad Retirement Board Bah Humbug? Has anyone else got the runaround from the railroad retirement board?I call there today excited to try to find out for sure whether my mom worked for the Southern Pacific Railroad.They found her social security number and said that she indeed had drawn retirement and the main information I wanted was the name of the railroad .They said it was no longer in service"DUH" you think?Or I would have known if she worked for it or not..but they said all they had was a number 1814 and there was no access to it.I thought the government knew everything and that would be so simple to find out from them although they don't have the information.Geez what about the other like billion people that are getting retirement.Could anyone else possibly tell me where I might find employment information possibly telling me for sure if she indeed worked for Southern Pacific Railroad.Thanks in advance

Celebrity Retirement- Finance Question? Brad Pitt and Angelina Jolie are thinking about retiring. They will both retire in 20 years. Brad will live for 23 years after he retires and Angelina will live for 33 years after she retires. While they are both alive during retirement, they want to have a total steady income of $5,000 per month. This income will be paid at the end of the month. After Brad dies, Angelina wishes to receive an income of $3,000 per month. This income will be paid at the end of the month as well. In addition, Brad wishes to give their son, Shiloh, $100,000 when he dies. When Angelina dies, she wishes to leave $25,000 per year, in perpetuity to Ryerson University, in a scholarship fund. The scholarship fund will earn 5% annual percentage rate (APR) in perpetuity. Brad and Angelina will earn 6% APR, compounded semi-annually on their investment during retirement. Currently Brad and Angelina have $10,000 in the bank. The $10,000 earns 10.4% APR compounded quarterly for the next 20 years. a) Draw a detailed timeline and label all components to illustrate Brad and Angelina’s retirement plan. b) Calculate the EAR and the EPR of (i) 6% APR compounded semi-annually and (ii) 10.4% APR compounded quarterly. c) Will Brad and Angelina have enough money to fund their retirement, the gift for Shiloh, and the Ryerson scholarship fund? If not, how much must they set aside each month for the next 20 years? Assume these deposits earn 8% APR compounded semi-annually and the payments are made at the beginning of each month. d) If both Brad and Angelina were to die together 20 years after they retired, would they have enough money to fund their entire retirement? If not, calculate the new monthly payments they would need to set aside for the next 20 years. Assume these deposits earn 8% APR compounded semi-annually and the payments are made at the beginning of each month. e) Draw a new timeline and label each component to illustrate Brad and Angelina’s retirement plan based on the scenario in part d).

Save for retirement or buy a condo? I'm interested in getting some opinions on this. I'm 37 years old and don't plan to retire for at least 20 years. Over the past few years I've been able to contribute between $700 & $900 monthly on a pre-tax basis to my employer's retirement savings plan. My contributions are currently invested in approximately 75% stocks and 25% bonds. One of the reasons I can contribute so much is that I rent an apartment with 2 other people and so the rent is VERY cheap. Now I'm considering buying a condo here in San Diego (I can't afford a house), but in order to afford the mortgage I will pretty much have to stop contributing to the retirement savings plan. So my dilemma is, what will be most beneficial to me in the long run: continuing to contribute large amounts to my retirement savings plan, or purchasing a condo now in this buyer's market? If more information is needed let me know and I'll be happy to add more details. Having my roommates move into the condo with me was considered and rejected for several reasons. First, I think we've all had about enough of each other. Second, I would then need to buy a 2- or 3-bedroom place instead of the 1-bedroom for just myself. And finally, doing this would put me in a "landlord" type role where I would need to collect rent, address complaints, find a new tenant if someone moved out, etc. All-in-all, I just decided it was too much of a hassle to manage with such a long-term commitment.

Taking retirement money? I have used retirement calculators, with success. Has anyone heard of the "rule of three"? I worked for a company that had an ESOP program. Without penalty you could withdraw money in the fourth year, but only the first years money, etc. Does anyone think thats a good strategic move in a retirement program If the person can do it?

Retirement Home? Willy's rolling down the hall of a retirement home acting like he's driving a car, an orderly turns the corner and asks Willy what he's doing. Willy replies, "I'm going to Chicago for the weekend." The orderly chuckles and enters Bob's room to check on him. He catchs Bob pleasuring himself, when asked what he is doing, Bob replies,"I'm screwing Willy's old lady while he's away in Chicago."

Retirement Fund? What's the name of the retirement fund that you could contribute $200/month and have 200k in 10 years.

Retirement planning, Roth 401k and Roth IRA? Hi, I'm 23 and currently contributing to my Roth 401k to receives full matching from the company. I would like to start a Roth IRA at the beginning of 2008 with T Rowe Price. My 401k is doing good so far, but I calculated my future retirement needs and realized that I should start a Roth IRA and max it out each year. I've been doing quite a bit of research on T. Rowe and their funds and would like to start out with funds that has total international exposure first. My concern/question is, does T Rowe Price funds' past performances accurate? It seems to me that most of their funds perform better than other companies. Are there anything different about them from other fund companies that I should know about? They seems a bit more aggressive (which is good), but is that the case? here are my current funds, I put more in Europacific that other though. With these pick, should I go with a conservative route in a Roth IRA instead? thanks should I drop Smallcap World R4? Alger Small Cap = 5% Columbia Small Cap Value Fund II = 6% Munder Mid-Cap Core Growth A = 6% Phoenix Mid Cap Value = 7% American Funds SmallCap World R4 = 5% American Funds Cap Wld G&I R4 = 7% American Funds New World R4 = 6% American Funds EuroPacific R4 = 16% American Funds Growth Fund R4 = 7% American Funds New Economy R4 = 6% Black Rock S&P 500 Index = 6% Davis NY Venture = 6% Van Kampen Comstock = 6% Eaton Vance Large-Cap Value = 6% AIM Real Estate = 5% Total = 100% Sorry, I forgot to mention. Those funds listed are what I'm currently holding in my 401k. They took a few hits a few weeks ago but are now on track. Their performances meet my expectation, but did not exceed it. I plan to retire in my mid 50s, about 35 years from now. That's part of the reasons why I went with Roth. I plan on retiring early and withdraw from my principle until I'm 60. By the way, I'm able to manage all funds in the account without any problem thru a website provide by my employer. I manage my contribution, allocation, earning, funds info.....with the tools given to me by my company.

What is the best suited retirement age limit for a government servant? Why? 58 Years is the original age limit for retirement prescribed for a government servant by the govt. of India for a long time when the Government servant used to retire from his service on the date of completion of his 58th year, which later changed to the last day of the month of his completion of the 58 years. Later the retirement age limit has been changed to 55 years for some time, again to 58 years which again changed to 60 years. Here also lot of sub clauses came into picture like central govt. state govt., in private sectors, scientists, University staff etc. each having its own age limits and so on…. Of late it appears that this is likely to be further revised to 62 years. From all this it appears that the retirement age limit is getting politicized to gain vote! Thus on one hand a single man alone is continuously working up to 62 years and on the other hand the younger generation are becoming more and more jobless, leading to frustration, disappointment, violence etc.,.?

Lottery Winnings and Social Security Retirement Benefits? If a person wins a million dollars at age 57 and is scheduled to be paid $50,000 per year for 20 years and then retires in one of those years...at age 62 (year #5 of 20)... and according to that persons Social Security Statement at age 57 had earned enough in "working wages"to be eligible for say $1,200 per month in Social Security Retirement Benefits... and assuming that person continues to work until retirement, how will or will those Social Security Retirement Benefits be affected when that person actually retires at age 62? Bottom line.. does Social Security calculate the Lottery Winnings for each year into the benefit calculation or is it just the "working wages" that are used and the Social Security Retirement benefit stays the same .... at $1,200 per month?

How do retirement points work in the Army Reserve (US)? I have been looking over my retirement points, but i am not to sure what they mean? I know you have to have 20 good years to collect retirement, but what are these points for? Do they say how much money you will receive?

The retirement age in Malaysia is when you reached your 56 year!What is "real and best" retirement age? Working for a living like in Malaysia can start as early for a 18 year old and retires when he/she reached his/her 56th birthday. Some people say,they have worked very hard all these years and when they reached 56 years old it is time they rest and enjoy their retirement.Others say,at 56 years old,they still have many more good years to work and earn their salary or remunerations. What is your personal plan-do you want to relax and enjoy your retirement or want to continue working till your body or energy permits? Maybe those living out of Malaysia have more suitable suggestions?

Amnesty Retirement? I just received an email from the website that is listed below that would lead me to believe that the illegals that are granted amnesty would be able to get Social Security retirement even though they have never paid in. Is this true?? For years now they have said that SS might not be available to us by the time we get there(even though we have ALWAYS had to pay) but if millions of illegals get to stay (not to mention the unknown people they will be able to bring with them) and get the retirement funds having NEVER paid in, how will we ever have any retirement money? www.grassfire.org

Risk of increasing retirement age on my Roth IRA? I'm young. Social Security is guaranteed to get into serious trouble before I'm anywhere near my 60s. So, I'm saving for retirement on my own. Everone seems to recommend maxing out 401(k) and Roth IRA contributions. You can't withdraw from these without penalty until you're of retirement age. I plan to retire early. My question is: If the government moves the official retirement age back in order to save social security, will it make the money I have in these retirement accounts unavailable when I need them? Do I run the risk of the government forcing me NOT to retire?

IRS and Retirement? my mom gets retirement for around $610 a month. For 2 years we didn't even know that we had to file the retirement on her taxes. Now because of this, my mom has gotten charged $1300 for not paying it, then maybe a few months or more later she has gotten charged $1400. Is this suppose to be interest and penalties. Also the $1300 came from one state and the $1400 came from another state. My questions are, why are the payments so high and why are they coming from 2 different states. Also what are the tax payments on the retirement suppose to be. If you can't answer the questions, is there a way i can email the IRS about this. My mom tried calling them but she said she wasn't going to wait 30minutes or more for them to finally pick up and answer.

It is possible to enjoy your life before retirement at 65? Will you have enough in retirement? Consider these facts: Almost 58 percent of American workers have not calculated how much money they will need to save for retirement. Most workers have not saved enough for retirement. Almost half have saved less than $50,000. Social Security and pensions only account for 58% of your income in retirement. What does this mean? In the future, we may be spending more time in retirement than we've planned, our income sources may be lower, and our money may have to last longer than we expect. With inflation and taxes a given, it's going to become increasingly important to plan ahead so that you won't outlive your retirement income. Why won't people invest in themselves? Why won't people become business owners? Why won't people take the time to make there own future secure? Just a fact retirement and social security may not be around long enough to enjoy in the near future. So were will we find or selves?

Should politicians retirement funds be invested in pharmaceuticals? "IAHF.COMWith both State and Federal government employee retirement plans hopelessly entangled in pharmaceutical investments: example: State of New York: NY State Retirement fund CAFR. http://cafr1.com/STATES/NEWYORK/RETIREMENT/NYRINV2001.PDF we've really got our work cut out for us to get what WE want!!"

Should I keep saving for retirement? I'm 41 years old, and I have about $480,000 in my 401K and other retirement. I am debt free except for my house, and I have about $45,000 in regular, non-retirement funds. I have about $190,000 equity in my home with 9 years left on the loan, I have about $100,000 equity in my vacation home (28 years left of the loan), and about $10,000 equity in a invesment property I just bought (15 year loan). My co puts in about $10,000 to my retirement without me doing anything. I am wondering if i even really need to save for retirement anymore considering what I already have, and just use the money for something else.

Retirement questions? I'm going to be 33 in a few days and I'm trying to get my future a little more secure. I went to the bank the other day and talked to the fiancial guy and he told me about a mutual fund called Kaufmann fund. I'm extremely stupid when it comes to stocks, bonds, funds, and everything inbetween so I didn't understand anything he was telling me. I guess my question is this. Is there a book for dummies someone can recommend I should read to learn terms and the best plan of attack for someone in my fiancial sitution and age and learn how to make the best of my retirement choices and money? Or should I speak with someone else that can help me and dumb it down but not take advantage of me as well?

How should I fund my retirement? I do not have an employer sponsered retirement plan. They do not offer a 401(k) or anything similar. Now that I'm 30, something just clicked and it scared me to death. I need to begin saving for retirement on my own but I'm uncertain as to what direction I should head. Of course at some point in my career, I may change employers and may in fact have a 401(k) but for now, it's entirely up to me to fund my own retirement. Can someone please direct me toward some information or otherwise offer a helpful suggestion?

Retirement fund for 6 yr old? if i have a 6 yr 7 month old grandson, if i put 1000 in a fund for his retirement how much will he have at 62. What would happen to the money if something happen to him before he reached that age god forbid...

401k? 401b? retirement plan? I am 35 years old. I have no money saved for retirement. I work for a hospital and they do not match with their retirement plan. What do I need to do in order to prepare myself for retirement? I have no clue on what I should do with my money and where I should do it at. How can I guarantee that I can be financially comfortable when I retire? Any info would help because I am totally clueless with this subject and I feel like I would be stupid to ask somebody. I don't even know the difference between a 401k, IRA, etc. Would a financial planner be worth it? Where would I find one? I live in a large city.

Retirement ‘Wave’ Building Among House Republicans? The announcement Friday by former House Speaker J. Dennis Hastert, R-Ill., that he will not seek re-election in 2008 capped a week in which three veteran House Republicans in a 24-hour span declared that the current 110th Congress would be their last. Hastert’s announcement — coupled with similar ones Thursday by Ohio Rep. Deborah Pryce and Mississippi Rep. Charles W. “Chip” Pickering Jr. — brought to five the number of House Republicans who are not seeking re-election next year, compared with two on the Democratic side. While nearly 15 months remain until the November 2008 election, the retirement decisions of Hastert, Pryce and Pickering will stoke speculation of a larger “wave” of GOP departures that would seriously hamper the party’s quest to make the 16-seat gain that they need to regain the House majority they lost last November. Democrats pounced on the retirements as evidence of sagging morale in House Republican ranks and public disenchantment with President Bush and his party, which ran the House for a dozen years before the 2006 elections. “It is not surprising House Republicans are disenchanted and calling it quits given their party’s record of obstructing progress on key American priorities and rubberstamping George Bush’s endless war in Iraq,” said Doug Thornell, a spokesman for the Democratic Congressional Campaign Committee (DCCC), the campaign arm of the House Democrats. http://news.yahoo.com/s/cq/20070817/pl_cq_politics/retirementwavebuildingamonghouserepublicans_1;_ylt=AnRBBiy.cVNkwdy0EmnlVx7kbeRF Why are all these Republicans sudden;y cutting and running? Aren't they willing to serve america when it's difficult?

Christchurch Retirement:? Someone who lives in Christchurch would probally be the best to answer this question!!!! What would be the best location for retirement in Christchurch taking into account our age, facilities, and housing. I am presently living in Europe:

Retirement Dinner a priest and politician BWAAAHAHAHA? Retirement Dinner A priest was being honored at his retirement dinner after 25 years in the parish. A leading local politician and member of the congregation was chosen to make the presentation and give a little speech at the dinner. He was delayed, so the priest decided to say his own few words while they waited. "I got my first impression of the parish from the first confession I heard here. I thought I had been assigned to a terrible place. The very first person who entered my confessional told me he had stolen a television set and, when questioned by the police, was able to lie his way out of it. He had stolen money from his parents, embezzled from his employer, had an affair with his boss's wife, taken illegal drugs, and gave VD to his sister. I was appalled. But as the days went on I knew that my people were not all like that and I had, indeed, come to a fine parish full of good and loving people."..... Just as the priest finished his talk, the politician arrived full of apologies at being late. He immediately began to make the presentation and gave his talk. "I'll never forget the first day our parish priest arrived," said the politician. "In fact, I had the honor of being the first one to go to him in confession." Moral: NEVER, NEVER, NEVER BE LATE http://www.total-knowledge.com/~willyblues/ From; WILLYS JOKES archives! The best online jokes! No edits, adds & other crap!

Is RRSP considered a retirement plan? I need to fill out a form asking if I have any retirement plans. I have RRSP, but is that a retirement plan? I live in Canada, by the way.

Retirement Planning...? I'm looking into planning for retirement, or setting up retirement accounts (i.e. 403b, 401k, roth ira, traditional ira). Im 19 and i roughly make 18,000 a year. how much money should i put in a month? if so, which accounts would most benefit me? which accounts would be best to use? Thanks for the help! :)

retirement plan getting put into a lump sum? my wive's father passed aweay and i asked this question las night but did not word it correctly. well anyways we are getting a part of his retirement plan of 305 a moth for the next twelve years,which turns out to be around 39000, or so.now i know we wouldnt get it all if we got it in a lump sum beut do retirement plans do that for u? we currently bought a house and are in some bebt problems so we were wondering if its possible to get the money in one lump sum. if anybody knows a way or some advice on fixing our debt soulution please answer this question please

Retirement planning question? Assuming a couple saves the same amount each year for 32 years before retirement, how would I find how much they need to save in dollars each year in order to produce sufficient cash flows after retirement? Additional information: -They will be retired for 18 years (Their assumed year of death) -Inflation is 3% -Return on investment is 8% Is there a formula I can use? This is for a finance class and I am having extreme difficulty figuring this one out. Thanks very much in advance!! I was really just seeing if anyone knew of a formula i can use to plus in the data, not necessarily have you solve it for me. thanks for the responses though ill check out those sites

Retirement question? "Give a list of things that will increase monetarily in retirement, and a list of things that will most likely decrease monetarily in retirement" What does this question mean? Should I answer with stuff like "the value of your home increases monetarily" or "the amount in your 401(k) increases monetarily"? I don't understand how to answer this question. Can anyone help? Thanks! thanks a lot mia...you'll get your 10 points once it allows me to do it lol

Retirement Fund in Living Will? My husband and I recently drew up our Living Will. Although we are young (both in our 30's), we want to be sure we have all of our ducks in a row should something happen to us. We've used Quicken WillMaker Plus, yet saw there was no section to list retirement funds. I have an AIG VALIC fund, and was wondering if this will automatically get distributed to my beneficiaries? In one section of the will, it states that my executor has the right to "convert bonds, stocks, notes, and other securites into other bonds, stocks, notes and securites and to exercise all rights and priviledges of a person owning similar property". I'm hoping this means the money that I have in that fund (not much, only about $19,000 at this point) will be given to my beneficiaries, and not taken back by the state or the retirement plan itself. Any thoughts or opinions on this?

retirement visa........anyone give accurate information please????????? thanks in advance? can anyone give up to date (pre coup) and accurate information on the specific requirements to hold a retirement visa in the l.o.s. i am 51.....single....and have sufficient funds to live in l.o.s using investments as funding but am concerned about the visa requirements. i believe the requirements for teaching english is a degree ..... i am a former british navy officer....holding navy quals in navigation and communications and was lecturing officer for 10 years.................... but do not own a piece of paper with the word DEGREE written on it. i am aware of the advisabilty/requirement of studying for a celta....but would welcome any genuine advice on ........ a) the practicality of living in los as a teacher minus degree b)the practicality of living in los with a retirement visa i have closely studies the ajarn.com site......but find much of the info there to be contradictory at worst and confusing at best. a response from someone at coal face would be most welcome

Retirement savings, fund up to employer match, then what? I just started a job and need some advice for retirement planning. I know that I need to at least fund my 401k up to the employer match. But I want to save more that that, where do I put it after the match? more into the 401k? start a Roth IRA? I have been told to fund up to the match, then max out Roth IRA, is that a good strategy? BTW Im 24 and have no current retirement plan. Thanks!

Question about divorce and retirement accounts? I am getting a divorce and have a question about my retirement accounts. I am having to split my retirement in half. I thought that is the only amount of money that gets split. Who gets the interest that is gained from the money after the split of the account. Me or her. I am confused about this. Lawyers just want to seem to get everything signed and not explain things in plain English. They have so much jibberish in the language it is amazing anyone no whats they are getting. Also I no longer work with the company I have my retirement account. Can i change it over to an Ira after the divorce so I can build my account back up. Otherwise it seems like all my retirement plans are down the drain with this also. This does not seem fair to me.

retirement account question? I have been thinking about this recently. I know that 401k plans and iras are tax deferred which would help if i was in a lower tax bracket at retirement than I would be now. I am 23 years old and plan on contributing a lot of money to these plans until i retire. assuming i have something like 1.5 million in retirement funds by that time, wont i be making a large yearly income? say i made 10 percent one year, thats 150,000 dollars in income. wont my tax bracket be just as high with that kind of investment income?

Do you know anything about railroad retirement and insurance? I have been in a relationship with a railroader who seems financially bogged down by his ex and their 2 kids. He plans to retire in 5 yrs and says he will be set financially with railroad retirement. He hasnt really saved anything for his retirement and I am afraid his ex wife will come in to claim a share of the benefits. I am 12 yrs younger than he and I dont want to marry him if its going to ruin me financially. I guess what I am saying is I do not want to support a man who made bad financial decisions and is dependent on me to pay his medical bills and support him because his ex wife has 1/2 his retirement and still has her finger in the pie so to speak. He says she is not entitled to retirement from him because she has re married. He has health problems. Does the railroad continue to insure him or will he have to purchase his own insurance after retirement. We dont talk about it because he plays stupid and acts like he doesnt know the answers. Any helpful suggestions?

Finance retirement question important? Question Details: Your father intends to retire in 4 years. He expects to live for 12 years after he retires. He curently has $35,000 in his investment account. He projects that he will require $15,000 per year during his retirement years, starting one year after he retires. How much would he have to save in each of the next 4 years so that he will have enough money to fund his retirement? He expects to earn an average annual rate of return of 7% per year. Thanks for any help

SSD and SS retirement any pros out there? Once you become eligible for SS Retirement the SSD will stop. I just want to know what is down the road for me!! Is this true? This means if your on social secruity disablility and when you reach age 65 then you will be receiving retirement social security those benefits! But what is the differance? IS there any differances?? It seems I may need to go to an atty the more and more I talk about this!!

Credit card debt vs retirement account.? I'm 37 years old and I just went through a divorce where I assumed 15k in credit card debt at 12% interest from my ex. I have 175k in a retirement account through Fidelity. Should I withdrawal 15k out of my retirement account and eliminate this debt or pay 1,500 a month until the debt is gone?

I can retirement at 57 years old? I am a 57 years old lady and i like to retirement this is possible?

IRA Investments develops a retirement program for you on your 30th birthday.? IRA Investments develops a retirement program for you on your 30th birthday. You plan to retire on your 60th birthday and want to establish a plan that will require equal annual end-of-year installments into a retirement account. The first deposit is made one year from now and the final payment on your 60th birthday. The retirement plan will allow you to withdraw 75,000 per year for 15 years with the first withdrawal on your 61st birthday. Also, at the end of the 5th year you wish to withdraw an additional $200,000. The retirement account promises to earn 10% annually. What equal annual payment must be made to achieve your investment objective?