Retirement Planning Knowledge Base
Retirement planning? I am 27 years old and want to start saving and planning for my retirement. I have never researched anything like this before so all this investment talk and stuff is like another language to me. Can anyone help me understand this stuff so i can make an intelligant decision for my future.
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 planning? need help planning retirement and investments
How to transfer the US-based 401k account balance to a 2a or 3a retirement planning account in Switzerland? The company I worked for in the U.S. is closing down the 401k plan. I moved back to Switzerland and would like to transfer the funds from this US-based 401k account back to a retirement planning account (so called 2a or 3a) without incurring taxes. HOW DO I DO THIS?
Retirement planning for American expats? When Americans live in other countries (and work for foreign companies), what do they do for retirement planning? The U.S. has tax treaties with many countries that avoid double taxation on incomes up to (about) $80,000, so assume it is one of those tax treaty countries.
Retirement planning and options at age 26? I'm 26, Single, Male earning about 3 lac p.a. in Delhi, India I wish to start planning and investing / saving for retirement ASAP. Can someone guide me with best retirement plans that I can consider and various other options that too should be included for a safe and healthy retirement corpus. Consider me not doing any investment right now and give your answers for a starter in Job.
What should i be looking into for retirement planning? I have to write a retirement plan for my gerintology class and i have no idea where to start. The plan is for myself at retirement, I am now 27 and expect to retire at 70.
HOW WILL I SELECT MUTUAL FUND FOR RETIREMENT PLANNING? Assume that you are planning for retirement. Select any mutual fund that is offered in Canada and discuss why this mutual fund fits your investment profile (in terms of your goals, timehorizon, liquisity needs and risk tolerance)
who would i talk to about opening a IRA or planning for retirement? my husband and i work for places that don't offer ira or any kind of retirement plans. We have been saving some money in a normal savings account for a little while,but i want to move on to something better. My husband says to keep it in the normal savings account, i told him maybe a ira or investing may be better. i told him that there are many more ways of making more money than a normal savings account. We don't know where to start or who to talk too. any suggestions?
I am 26, should I start planning for retirement? I want to know what exactly is a retirement plan and is it government funded or.. Is it , for example, $10 you put into the retirement fund every month and at the end of , lets say the year , you have - $120. ?? If that's the case then why should I even have a retirement fund. I can just put it in my savings account can't i ? Am i wrong. Please help me.
What are the financial consequences of retirement planning and taxation in PA? Should I just focus on the money that will be paid into these retirement accounts even though they will eventually become liquid at retirement? Also, how do PA and federal law differ? All I can really think of with consequences is, like i said, the fact that you have to pay into the accounts/have your employer take money from your paycheck and put them into the accounts. Thanks in advance for the help
Does anybody feel as crazy as I do about retirement planning and the downsizing they are doing at work? I am really worried about retirement and my current job. I can't say that I really care about financial planners. Are there any people who feel the same way. What is the solution? One financial planner told me that 2000 dollars today will only be worth 700 dollars in 20 years. Now that to me is scary. The ups and downs of the stock market make me awfully nervous. I get touchy when it comes to these financial planners but I get touchy when I think that I've got to have 85% of my income to retire too.
What software do you recommend for retirement planning? What formula should be used to ascertain if your investments will hold out and how much to budget for retirement?
Where do I start with learning about investing and retirement planning? I have been an assitant to a financial advisor for 6 months and I am not satisfied with just knowing how to fill out forms and where to send them. I would like to know the meaning behind most of the financial world's jargon (ETF's, IRA's, SIMPLE Plan, etc.) and also how to go about researching stocks. Where would I start? I really don't have any knowledge of these things besides tid bits I picked up around the office. Any book suggestions for a beginner or any links?
looking for professional retirement planning software? I am a CFP looking for reasonably priced professional retirement planning software that does estate planning, income tax planning life insurance needs analysis and investment planning. I found a 30 day free trial at www.execplanexpress.com of a comprehensive retirement planning software for only $299. Has anyone tried it or knows of something else that they have used
Where do I start to learn about investments and retirement planning? Is there a good website with explanations on terms such as mutual fund, bonds, equities...that also explains how to get started? I need help understanding person finance and investments. Any useful advice appreciated. Personal finance, I meant!
ING Direct Retirement Planning? I've had a savings account with ING Direct for almost a year now and have always been very pleased with them. I just recently started looking into retirement planning and discovered that they also offer Roth IRAs with very low startup requirements. Has anyone heard anything about this service, good or bad? Does anyone use them for retirement planning? I hear it's not always the best idea to do retirement planning through a bank because it's not their real speciality.
Retirement Planning Frustrations? I'm trying to start my retirement planning (roth IRA) at an early age. I'm 23, recent college grad, newly married. I have a small amount per month that I'm able to put in but not a whole lot right now. IT seems like everwhere I look they require either a high monthly deposit or 3000-4000 start up. I'm trying to start early because I know it's smart, but everywhere I turn is turning me down! I'm getting frustrated over the idea that I have to save up to save up! Any suggestions?
This question is for teachers. I am new to this profession and I am curious about retirement planning? I am in my second year of teaching. I know that teachers have a retirement plan, as it comes out of our checks. Many companies visit our school trying to sell insurance, other plans, etc. I am interested in knowing whether or not I need to do an additional 401k plan. I was approached last year by a person at out school offering 403 plans. This year it was 401K. Do I need to take part in these plans? What do teachers really need? I have heard from retired teachers that their retirement was enough without these types of plans, but I know that times have changed. Any input would be greatly appreciated. Thank you. :)
what is the relationship between retirement planning and employee benefits? They almost feel the same to me. Anyone know why? Thanks
Where can I find retirement planning calculators? Please suggest me a free version only.? Also I want to calculate life insurance benefits. Please suggest me a best one.
Sam is planning his retirement and needs your help. He is, starting today, depositing $ 144 per month? Sam is planning his retirement and needs your help. He is, starting today, depositing $ 144 per month into a retirement fund that pays 7.9 % interest, compounded monthly. He will retire 38 years from now. What is the future value of this ordinary annuity? please explain
looking for a retirement party planning website Martha Stewart like? I haev to plan a retirement party for my boss. I want t to be realy nice.. Looking for a Martha Stewart Type Ideas. I looked on her site she doesnt have antying for retirement partys. I am looking for the whole shabang....From decorations to Menu's... Any ideas would be helpful also....As far as my boss he was into antique Cars specifically 56 chevy....Space...Planets.. Please help :) Thanks
What are considerations to think about when planning for retirement? A.) Time to retirement B.) Planned quality of life C.) Current savings D.) All of the above
How old is the right age to start planning retirement? I am 24 years old. I have started my first real job after Graduating from College. When is the right age to start a 401K?
Mrs. Miller is planning for her retirement, so she is setting up? Mrs. Miller is planning for her retirement, so she is setting up a payout annuity with her bank. She wishes to receive a payout of $1875 per month for 20 years. How much money must she deposit if her money earns 8% interest compounded monthly?
Im beginig mu savings retiremtnt planning What types of retirement plans might be best? please explain the p? Please explain the plan and why you think its best.
retirement planning calculator - the best retirement planning calculator? Where can I find the best retirement planning calculator via online?
For people planning retirement: What is for you either appealing, or scaring, about retiring in Mexico? And how important is for you a location by the sea? Would you consider to retire in an inner mexican city?
Will there be future political turmoil over taxing retirement savings plans? Many of us are contributing to 401k and other retirement plans and some of us are contributing a larger % of our gross pay than others. Some are contributing little or nothing. Will the day come when those that did not use their offered plans to save look at those that are comfortably retired and say ( That's not fair ! ) . And then demand that congress and the president impose major taxes on those that have saved so those that didn't can reap their share of redistribution of wealth. And will the political parties be split along those lines. Does anybody else see this coming?
which is better for retirement planning- SIP or ULIP? SIP- is systematic investment planning that is in MUTUAL FUNDS and ULIP is Unit Linked Insurance Policies
Is it a good idea to do invest into mutual funds to build a Retirement plan? I am 25 and at my job I'm not offered any kind of 401k plan. Is it a good idea to invest into mutual funds to build my retirement plan? As they say, start early. What are my options on this? I was refered by a friend to talk to a financial advisor, she is working p/t under primerica with three different investing companies. According to all the numbers I provided, she advises me to use Franklin Templeton Fund Allocation, I don't know much about any avaialble investing companies so I am very lost in terminology and the numbers.
is there a good overview of retirement planning options and resources? Fixed annuities, variable annuities, Simple plans, Roth vs. Traditional IRA's -- I"m looking for an unbiased source of information and comparison
What do soldiers get if they work for 20 years in military as retirement plan, pay and benefits? What do soldiers get if they work for 20 years in military in terms of retirement plans, pay and benefits? Average is OK since I know it depends on a lot of factors. Also, what are the standard benefits?
What is a reasonably conservative real % yield on investment capital to use for retirement planning purposes? Real % yield is net of inflation. So a 5% total yield with 3% inflation would be a 2% real % yield.
If I quit my job what happens to the money I have been contributing to my SURS retirement plan? I work for a community College and we have to contribute to a retirement plan called SURS. I am planning on quitting but don't know what happens to my money?
I am self employed, what are my retirement options? I am planning to retire in the next three years? I have been living in the U.S for 5 years, I have no W-2 wages since I am self employed. I have some social security credits but is that enough to retire. What is the minimum retirement or pension if I retire. I am 57 years old. Thanks in advance.
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?
What is the best advice for planning my retirement? I'm in my early 30's and have already started a 401k plan with my company. I'm currently investing 5% and my company matches an additional 5%. I'm looking at other ideas to invest some money but don't know where to start. Any info or advice would be greatly appreciated.
planning an retirement luncheon? Ok so i have to plan a retirement lucheon for a co worker but have no idea what to do but dont want to tell my boss trying to look good lol so i dont have a buget but i am chaning each person 20 per head that for food and gift need help on what type of food Decorations
Best way to start planning for retirement on a budget? I am mid 20's and don't want to be 70 before we can be "retired" Loking for ways to make a little money grow a little over time either through smart purchases or some type of plan, or I don't really know. Some people I know are getting realestate for rentals, maybe I can do that later, but am short budgeted now.
what do they mean by rate of return in retirement planning work sheets? working with my retirement advisor work sheet to figure my retirement goals and needs and they ask for rate of return
What can I do if I got a late start planning for retirement? How do I get started? I do not have a huge income? I am in my early thirties, and have some debt.
im 18 but i want to start early planning for retirement whats the way to go ? any and al info appreciated which way what plan whtever you got
How do I choose a company to use for my retirement plan? I plan to open a 403(b) in August. I have been told that mutual funds are better (and cheaper) than annuities, and so that is what I want to put my money. (I don't intend this question to be a mutual fund vs. annuity debate). My school district sponsors 20 retirement planning companies, and their websites don't seem to distinguish the competition. Some companies include Fidelity, Primerica, Vanguard, Metro Life, Equitable, Putnam, etc. How do I choose which company is best for me whether or not I end up getting mutual funds or annuities? I teach in Florida. We have the Florida Retirement System (FRS). My school district puts money into that, which I can choose either to be a pension (with benefits after 6 years of service) or an investment plan (with benefits after 1 year). I choose the investment plan because I don't know if I will be in teaching in the long-run or if I will at least be in Florida for 6 years to get the pension benefit. According to everyone, the FRS will not be enough, so we have the option of opening up a 403(b) plan with one of these companies to supplement the FRS money. There is no matching in this 403(b). I am 23 years old.
The effects of the current stock market downturns on retirement plans and/or retirement planning.? I want to know what you guys think about this topic
How do i plan for health care bill after retirement? I recently read an article on MSN that health care after retirement is costing close to ~250k despite medicare and is growing at at brisk pace of 6-7.5% a year. How do i plan for this in my retirement plan ? This kind of expenses will erode my retirement savings by a lot.
I am planning retirement, is my social security taxable income? I will be 65 and there is no one hiring, I do have a part time job @ 9.00 hr for a total of 22 hrs a week
How much is maximum contribution for retirement plans? currently I am contributing to my 401k, can I also contribute to Roth IRA, and what is maximum contribution limit for retirement plan?
Are there any teachers out there who are planning to take the phased retirement option? I have been looking into taking early retirement. What experiences have people got of applying for phased retirement from teaching?
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 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.
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!
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?
Are there any retirement plans not connected to the stock market? I am interested in finding a legitimate retirement plan that is not connected to the stock market. I already have an IRA and I just wonder if there is anything else available to limit risk from the stocks. I am also aware of forex ira's and bonds but Im looking for something truly unique.
If I have a retirement plan at work , can I stil contribute to a roth ira -? I file married filing jointly - what is the income cut off for donating to a roth? Husband is self- employed and no retirement plan - he puts his in a traditional ira - what is his cut off
What is the best retirement plan for self employed worker? I am 32 and working as a real estate agent. I don't have a retirement plan yet, people tell me to open a RothIRA or a simple 401k...i don't know much about these things, any advice is appreciated.
Any suggestions for a retirement plan for stay at home Mom? I'm currently a stay at home Mom and do not have a retirement plan in place. I'm 30 and looking for a reasonably priced plan for the future. Any suggestions?
does social securty penalize you if you have another retirement plan? I am a government worker, and I will eventually have a 20 year military reserve retirement plan set, another Gov retirement paln, and social security since I've been paying into from 1987 to the present? A friend of mine informed me that since I will drawing other retirements, SS will give me a lower amount when I retire is this true?
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 Planning: What do I do with my 401k and IRA? Fact: My wife & I will retire at 62, won't live in USA, & will have 3 types of securities-related incomes: my 401k + IRA & her Roth IRA. We have an after-tax-dollars joint mutual fund account. When we reach 62, we'll apply for Social Security, but the money we might receive is not part of our plans; if we receive anything, that'll be a bonus! When we reach 62, what should we do with our IRAs & my 401k? We plan on not working & just living off our retirement incomes. Aside from annuities & bonds, what other choices do we have in which to put our money, so we can (presumeably) earn a modest 6% (planning target) income off the principal? I understand the RMD, but is it a decent way to draw down a 401k & IRA without going bankrupt? How about a 100% custodial transfer of IRAs & 401k into our current investment, thereby increasing our principal & living off the dividends & capital gains? Future monies: mutual funds: $877K IRA: $330K Roth IRA: $360K Suggestions? Allow me to add: I wonder how we'll be taxed (both at time of transfer & withdrawal) if we combine the 401k & our IRAs into our joint mutual funds account? Also, IF we actually receive money from Social Security, what taxes will I owe out of each month's check? Steven, by rolling over my 401k to an IRA, that will give me two IRAs, yes? OR do I roll over my 401k into my existing IRA? But then, would that rollover prohibit me from contributing my maximum yearly amount into my IRA?
recently married/college grad with retirement planning ???s? Hi all. I'm a recently married college graduate who is ready to start planning for my retirement but I have no idea hwere to start. I have a smal company that does not offer a 401K or any type of retirement planning. I know that I need to create an IRA or roth IRA but my main question is how do I know what kind of mutual fund to go with, or where to put the money that I'm placing in my IRA. I don't make a lot of money yet so I wouldn't be able to put in more than a couple hundred dollars a month but I want to start early with this stuff. Any suggestions on where I can go for free/cheap professional advice? I want to start early but I don't want to start by investing incorrectly.
Retirement Planning for the owner of an LLC? My wife is starting a new business, an LLC, that is a Psychology private practice. She is the sole owner. She will be employing 1 person who will be doing Psychological testing for her. Unfortunately, due to state requirements, this person is required to be a W2 employee. She will be part-time, likely working 15 or so hours per week. My wife would like to be able to save for retirement. A standard IRA (or Roth IRA) does not allow her to save as much as she would like. We have been pointed into the direction of a SEP IRA. However, if we set it up so that 15% of my Wife's income goes into the SEP, it looks like we would also have to contribute 15% of the part time W2 employee's earnings as well? Is that right? Is there a plan that we can set up instead where the employee could participate if she chose, but if she did participate, the money would come out of her earnings? I cant understand why there isnt an option that is more like a 401k available for small businesses!
Can someone help me out with a CFA retirement planning question? Here is the question: You are helping a friend plan for retirement. She expects to retire at the end of 15 years. She expects to receive annual retirement income for 25 years after she retires. Her first retirement withdrawal will be in the amount of $100,000 and will be taken at the end of the 15th year. For the first 5 years of retirement, she wishes her income to keep pace with inflation of 3% per year. After that, for the last 20 years, income will remain constant at the same level as income in the 5th year of retirement. She currently has $5,000 in a bank account and expects to receive a bequest of $5,000 at the end of 10 years from now. Assume an interest rate of 6.5% per year. How much will she have to save annually if she saves an equal amount from now (t=0) until the end of year 15? This seems to me like a simple PV calculation, but I don't know if I have to figure how to save for $100,000 at the beginning of retirement or sometihng else. All the information is pertinent
who would i talk to about opening a IRA or planning for retirement? my husband and i work for places that don't offer ira or any kind of retirement plans. We have been saving some money in a normal savings account for a little while,but i want to move on to something better. My husband says to keep it in the normal savings account, i told him maybe a ira or investing may be better. i told him that there are many more ways of making more money than a normal savings account. We don't know where to start or who to talk too. any suggestions?
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 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.
Retirement Planning Worksheet: Annual Investments? For a project I need to pick 12 to 15 stocks, mutual funds, or bonds with the 1st six using $227.640. I will just invest 37,940 for amount of investment. What or where can I find these with the estimated annual growh rate and estimated value at retirement? THIS IS A PROJECT, NOT REAL!!!!!!!!!!
I need help with my retirement planning!? I am single and 33yo and I have really failed in setting money aside for retirement. I have had two jobs now (I currently) that I've set up deductions. Now I want to roll what I have set aside, and I don't have the first clue to get started. I know every year I get more and more nervous about the whole thing. Any good ideas for what I should do? Thanks so much in advance for your serious responses!
planning my retirement..? I am at the beinging of planning my retirement. I am 38 I make 8 Dollars an hour, I have a IRA that I put 50$ a month into and NO savings or live insurance. The only thing somewhat for sure right now is I do not want to own a home when I retire. I do not want to be retired and have to do yard work or house hold repairs. I do not know if I will ever make and/or save enough to buy a condo, but have not ruled that out. I am not sure what to do. I have thought about a retirement community with mobile home, but always have the fear of tornado's. I also have no idea how to save and what I need to save. I would like to know who to talk to . I have spoke to a few retirement investors but they sound like they are just trying to sell me there services more then my retirement. HELP!! Chris. the 8 an hour is top of the pay where I am living. And it is a very good job, so leaving is not something I am going to do. I also work a midnight shift for a hotel, so getting a day job or week end job really would be kind of hard.
Retirement planning: additional contributions toward 403b or Roth IRA or both? I've done some research online and everyone says to contribute enough to max out the employer match to a 401k or 403b. My employer already contributes 12% to my 403b. I currently don't contribute anything but I'd like to start soon. My last thought was to open a Roth IRA, try to max that out (isn't it 4,000) and then put anything I can into the 403b (there's no way I'll ever max out that yearly limit). added after the first response: yes, I'm very sure they contribute. It's part of the benefits package. There is no match, but they put in 12% and have been doing so ever since I began working (believe me I check every quarter!). So the principal is building up which is good, I'm just wondering where the best place to put my own contributions would be.
Retirement planning: additional contributions toward 403b or Roth IRA or both? I've done some research online and everyone says to contribute enough to max out the employer match to a 401k or 403b. My employer already contributes 12% to my 403b. I currently don't contribute anything but I'd like to start soon. My last thought was to open a Roth IRA, try to max that out (isn't it 4,000) and then put anything I can into the 403b (there's no way I'll ever max out that yearly limit).
Retirement planning opinion, any suggestions please? Hello All, I am a total noobie to all this. i am doing my own research but need different opinion from the community My wife and I both work and live in CA. Annual Gross Household: little over 200K We both contribute to 401K but only 5% monthly wage. Our employer don't match the 401K contribution. Monthly mortgage around $4000 started this year so we probably will see some benefit for the interest paid. Anyways, i want to put away more money before taxes. we both planing to increase our 401K contribution to 10% . Can i contribute to traditioal IRA ? I am thinking 529 but would prefer IRA if i could. Any advice on how can i maximize return based on current figures? thanks sorry, i forgot to mention ,I do have term life insurance. so my family is covered
retirement planning? Retire?, or not!? Hello. I would like your opinions on this. I am 55. Married. Same employer 21 years. My problem is the drive; I drive 1 hour to work, 1 hour home, each day. 21 years ago, I paid $5 per day for gas. Now I pay $35 per day for gas. AND 21 years ago, it took 45 minutes to get to work. Now it takes 1 hour. Both ways. So I worry about 12 years from now, when I am 67 and have 30+ years at my job. Do I retire? Or not? I will get social security and my 401K, but that will be 1/3 of my annual income! And I want to keep working, close to home. But what job? Greeter, or bag boy? Due to my age... I do not want to have more "time at home," I would rather work. But I do not want to give up a great job, great benefits, great medical, just to save gas and time. What do you think I should do?
1 John and Mary C were a middle-aged couple in the midst of planning for their retirement. John was 55 and had 1 John and Mary C were a middle-aged couple in the midst of planning for their retirement. John was 55 and had decided to put the maximum ammount $2000 into an IRA account for the next ten years. He was planning to retire at 65. The couple felt they they should make arrangements for the following twenty years and not concerned about planning beyond the age of 85. They wanted the funds that accumulated in the IRA to purchase a 20 year annuity. They had one child, whom they wished to leave or give $50,000 when they reached 85. Based on the investment opportunities available, Larson felt that a 13% interest rate should be used in evaluating their situation. The couple was concerned about how much of an annuity to purchase at retirement that would still leave enough in their investment to grow to $50,000 in twenty years. 2. Ansel and Harriet W were a young highly educated professional couple both employed by one of the leading resort hotels in the area. They were planning on saving for a new house which they expected to purchase in seven years. In addition to that financial retirement, they felt that Harriet would quit working at that time to care for their expected family, and that the loss of her income would make them unable to keep up payments on the house without an annuity to supplement his income. The couple felt that they needed $1500 a year in supplemental income beginning at the end of the eighth year to assist with the house payments, and that they needed this for each year of the next thirty years. They also wanted to have $50,000 With which to make the down payment in 7 years when they planned to buy the house. As both were working, they had plenty of funds for savings and were wondering how much they should put away at the end of each of the next seven years to be able to make the down payment and buy the annuity. Larson felt that an 11% interest rate applied to their situatution.
planning retirement early? i'm 22 and have a decent job. i'm starting to think about how i can put some money to the side (In case of Emergency), and i've seen a couple of online savings banks such as ING and others. would anyone help me find the best with a good interest rate that'll put my money to work smartly and safely?
Planning for retirement? I'm 24 years old and have a good job, but it doesn't offer a 401K. Any recommendations as to what I can do to set myself up for retirement? I've been thinking about an IRA. How do I set this stuff up? Do I go to a bank? I don't really know where to start and what is best for someone my age.
Are there any free sites for retirement location planning according to income and hobbies/interests?
Searching for a formula to help with planning for retirement? I am currently saving enough for retirement to retire by the age of 55. I deal with a personal finance company who does a profile on me each year to make sure I am still on track. I will be getting a raise soon, and I’ve been running some ideas around in my head as to what to do with this money. A portion of it, I’m thinking of putting toward some things that would increase my monthly expenses. I know that my current monthly expenses are a basis for figuring my monthly expenses in retirement. So if my monthly expenses increase now, it might effect whether I still have enough money to retire at 55. My question is: Is there a formula I can use to calculate how much extra I should be putting toward retirement savings to compensate for an increase in my monthly expenses? For example, if my monthly expenses increase by $350 per month, how can I figure how much more I would have to put toward my retirement each month in order to compensate for the added expenses? Thank you.
i want to start planning for retirement & i need some ideas on how oto do it? i'm 27 yrs old. i live in virginia. i just moved from oklahoma 5 months ago from my ex girlfriend that used me & never really wanted a future but someone to take care of her. in the last 5 months since i came back home i have been working 2 jobs, i have my own apt, i'm gettting my life together but i wonder about the future. i don't want to be working forever. what kinds of things can i do so i can start saving money away for retirement?? i have heard of the savings bonds & cd's. is that soemthing that can give me a good return??. what is a roth ira ??? i need some help.
Planning for retirement .........? My husband is 49 yrs and if he plans to retire at 60 yrs, and our monthly spending is Rs.30,000 ( 650 US dollar)now, how much money would we need monthly when he is 60 yrs taking into consideration the inflation. So to get that amount as a monthly interest how much deposits should we have by then?? Please explain. Thanks Hi Flush, Thx for your time. I expect life span upto 85 and his retirement at 60yrs. As per your calculation should we invest Rs.72,00,000 to get Rs.3,60,000 a year before his retirement? I have to plan now hence am anxious.
i want to start planning for retirement & i need some ideas on how oto do it? i'm 27 yrs old. i live in virginia. i just moved from oklahoma 5 months ago from my ex girlfriend that used me & never really wanted a future but someone to take care of her. in the last 5 months since i came back home i have been working 2 jobs, i have my own apt, i'm gettting my life together but i wonder about the future. i don't want to be working forever. what kinds of things can i do so i can start saving money away for retirement?? i have heard of the savings bonds & cd's. is that soemthing that can give me a good return??. what is a roth ira ??? i need some help.
At 24, should I start planning for retirement? After being with my company for a year, they contribute 8% of my salary to a retirement fund. I just got a huge packet from HR that I need to look over regarding my retirment, but I get so confused with financial matters. I just turned 24 and am at the beginning of my career and wonder if this is necessary? Also, if I change companies, what happens to the money my company has contributed? I want to be comfortable when the time does come to retire, but at the same time right now I want to save money to buy a home eventually and pay off student loans. Anyone have any thoughts? Been there, done that? Thanks!
i want to start planning for retirement & i need some ideas on how oto do it? i'm 27 yrs old. i live in virginia. i just moved from oklahoma 5 months ago from my ex girlfriend that used me & never really wanted a future but someone to take care of her. in the last 5 months since i came back home i have been working 2 jobs, i have my own apt, i'm gettting my life together but i wonder about the future. i don't want to be working forever. what kinds of things can i do so i can start saving money away for retirement?? i have heard of the savings bonds & cd's. is that soemthing that can give me a good return??. what is a roth ira ??? i need some help.
Need help planning for retirement, how do I get started with an IRA or Roth IRA? (A 401K is not an option)? Here are the details. I'm 23 working full-time for a small non-profit. Through my job I am offered no benefits, no health insurance and definitely not a 401K. A couple of months ago, I picked up a second job to finish paying off my credit card debt. And now that the debt is gone, I need a way to wisely invest my income. I have plans to set up a 6mo. CD (or a couple of them), so that I can be earning something on my money, but still have it relatively available. I've been reading lots of articles online about investing for my future, but still need help. I'd start with $1000 and plan to invest at least $100 every month. Does anyone have any bright ideas for me? I appreciate your answers so far, but as a quick clarification. I'm looking to start a couple of short term CDs in addition to whatever major investment I may make. The CDs would be my "in case of emergency" fund. I'd just rather have them in a 6mo CD earning 4.5% than my savings account earned 2%.
When’s the best time to start planning for retirement? My parents have financial problems because they did not plan well. I have just started my 1st job and want to know when I should start being concerned.
I would like your opinion... planning for retirement!? My wife and I live in South Florida. We are both 55 Florida is a "world" where everyone sells their houses every few years, constantly moves from job to job, state to state, and all are 'living' for one goal; retire as soon as possible! We are the opposite; 20+ years at our jobs. My wife would like to semi-retire at 67, then work part-time. I want to work until 85 (50 years on my job at that time!), and we are still living in the same house for 25 years. Instead of moving all over, like everyone else, we rent a house, for two weeks, in a different part of the country, every year. With so many people around us constantly 'selling and moving,' (all our neighbors have changed every few years), we sometimes think that we are not doing the right thing by "staying put!" I think we are on the "right track" with this. What do the rest of you think? PS We would like to have a summer home. My wife and I are considering Maryville, Tennessee. Anyone know the area?
Have you started planning for your retirement yet? I always like to throw in one serious question per day to throw you people off...... <giggle>
Are you planning on a retirement of catfood caserole? ...or something else?
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