Retirement accounts

Retirement Accounts ... If you have a retirement plan at work, participating in it is one of the best ways to save for tomorrow, even if retirement is years and years away. ...

A retirement account is insured under the Certain Retirement Accounts ownership category only if the account qualifies as one of the following: ...

One easy way to become a more tax-efficient investor is to utilize tax-advantaged accounts such as individual retirement accounts (IRAs), which ...

Why retirement accounts are such powerful investment vehicles for retirement savings. ... In tax-deferred retirement accounts, however, your money is allowed ...

What You Should Know About Higher FDIC Coverage for Retirement Accounts ... And remember, your retirement accounts that will be protected under the new ...

Individual Retirement Accounts help you prepare for a comfortable retirement. Here's how they work.

The Congress created individual retirement accounts in 1974 to benefit people who were not covered by an employment-based retirement plan. ...

Retirement Accounts. Retirement can be the best time of your life, but it takes research, ... Below are listed the most common retirement plans and a brief summary of each. ...

I'm imagining we'll start to see mandatory choices and more taxes surrounding retirement accounts. Remember how good freedom was when we had it? I'll miss those days.

As I understand it, the apparently final form of the health care reform bill includes the following provisions: - If you are not poor, then if you don't have health insurance you will pay a fine. The fine is smallish, probably around $1,000 per year for most people, and much less than the actual cost of buying insurance. - If you are poor, then if you don't have health insurance you will be given health insurance for free, or with a substantial subsidy. And the people who are not poor will be taxed to pay for it. So in my situation, I had a successful 20 year career, making a six figure income for a few years. Now I am unemployed, after being replaced with H1b visa workers, and I am living off of the money I had started saving up for my retirement years. To a financial planner, I am in dire straits financially. I am less than 50 years old, so I had not yet saved up anywhere near enough to retire on. Now I am being forced to spend down even this inadequate savings, so I am facing homelessness in a few years. Back when I was making a six figure income, I recklessly got married, started having children, and bought a four bedroom house with a mortgage. How could I have been such a fool (heavy sarcasm). But to a social worker, I am one of those filthy rich fat cats because I have more than $200 in a checking account, like most of the individuals they see. I'm too poor to be rich, but too rich to be poor. Sound familiar? So under the current law: I don't have health insurance. So I will pay a fine because I am "not poor." Some poor person doesn't have health insurance. So he will get free health insurance. And I will be forced to pay for it. Two people. Neither one has insurance. One gets free insurance. The other one has to pay for it, and ALSO pay a fine for being in the same uninsured condition as the one who gets free insurance. And the poor person is probably on welfare, so he has a more secure future than I do. Well, in a few years I'll lose everything and go on welfare myself, unless the welfare program has "exceeded its quota" by then. So as long as there are enough people left to fund the welfare state, it will all equal out eventually, right? So as far as I can see, all HC reform will do is hasten the day when I finish my descent from having a successful career with a six figure income to being another welfare recipient. That is, assuming welfare will still be available to new recipients by then. Is this an accurate assessment?

9. a. On a date when their carrying calue was properly adjusted to date. Dayton Corp. purchased $10,000 face value of its outstanding bonds and retired them. Dayton paid $9.800 for the bonds. The carrying value of entire issue consisted of $100,000 of face value and $5,200 of unamortized discount. Prepare the journal entry to record the retirement of the bonds. Show all relevant calculations. B. Assume that the bonds in part a are convertible at a rate of 30 shares of $30 par value common stock for each $1,000 face value of bonds. On a date when the total unamortized discound was $3,900, $45,000 of the remaining $90,000 of bonds were presented for concersion and the requires shares were issued. Prepare a journal entry to record the conversion. Show all relevant calculations.

heres more detail on this.I just started investing in traditional IRA(i am not elligible for non deductible and roth IRA based on income--so all my IRA money is post tax).I just invested 5000 for 2009.Total amount in this IRA currently is 5000.All of this is post tax.When should i think of converting to Roth IRA.is it advisable to do this or should i leave this in my traditional IRA account.Should i wait few yrs before i convert(so that i accure more IRA money) My taxes at retirement are definitely going to be lower as i will earn less.Currently i am 33 and planning on retiring somewhere around 70(if i am still alive)

This would technically be real estate investment in a contract for deed type of situation... If this is possible, what forms would be required for either party- to ensure that the amount loaned remains tax differed? Also- we're in Minnesota, if that has any effect.

I have Fidelity for my retirement and my husband has Principal Funds for his because that's who our employers go through. We want to open another investment account to save money for a down payment for a house hopefully faster than the low rated savings and CD accounts would get us. Are these really good companies or are their better ones out there?

Here's a few reasons why those that voted for this bill need to go! Page 50/section 152: The bill will provide insurance to all non-U.S. residents, even if they are here illegally. ** Page 58 and 59: The government will have real-time access to an individual's bank account and will have the authority to make electronic fund transfers from those accounts. ** Page 65/section 164: The plan will be subsidized (by the government) for all union members, union retirees and for community organizations (such as the Association of Community Organizations for Reform Now - ACORN). ** Page 203/line 14-15: The tax imposed under this section will not be treated as a tax. (How could anybody in their right mind come up with that?) ** Page 241 and 253: Doctors will all be paid the same regardless of specialty, and the government will set all doctors' fees. ** Page 272. section 1145: Cancer hospital will ration care according to the patient's age. ** Page 317 and 321: The government will impose a prohibition on hospital expansion; however, communities may petition for an exception. ** Page 425, line 4-12: The government mandates advance-care planning consultations. Those on Social Security will be required to attend an "end-of-life planning" seminar every five years. (Death counceling.) ** Page 429, line 13-25: The government will specify which doctors can write an end-of-life order. HAD ENOUGH???? "Finally, it is specifically stated that this bill will not apply to members of Congress. Members of Congress are already exempt from the Social Security system, and have a well-funded private plan that covers their retirement needs. If they were on our Social Security plan, I believe they would find a very quick 'fix' to make the plan financially sound for their future." Verify here! http://docs.house.gov/edlabor/AAHCA-Bill…

Page 50/section 152: The bill will provide insurance to all non-U.S. residents, even if they are here illegally. ** Page 58 and 59: The government will have real-time access to an individual's bank account and will have the authority to make electronic fund transfers from those accounts. ** Page 65/section 164: The plan will be subsidized (by the government) for all union members, union retirees and for community organizations (such as the Association of Community Organizations for Reform Now - ACORN). ** Page 203/line 14-15: The tax imposed under this section will not be treated as a tax. (How could anybody in their right mind come up with that?) ** Page 241 and 253: Doctors will all be paid the same regardless of specialty, and the government will set all doctors' fees. ** Page 272. section 1145: Cancer hospital will ration care according to the patient's age. ** Page 317 and 321: The government will impose a prohibition on hospital expansion; however, communities may petition for an exception. ** Page 425, line 4-12: The government mandates advance-care planning consultations. Those on Social Security will be required to attend an "end-of-life planning" seminar every five years. (Death counceling.) ** Page 429, line 13-25: The government will specify which doctors can write an end-of-life order. HAD ENOUGH???? "Finally, it is specifically stated that this bill will not apply to members of Congress. Members of Congress are already exempt from the Social Security system, and have a well-funded private plan that covers their retirement needs. If they were on our Social Security plan, I believe they would find a very quick 'fix' to make the plan financially sound for their future."

I've worked for a factory for over 10 years when I was younger. Then I left it to raise my family. Now that it is about time to retire, my retirement account has dwindled to just $2,200! Apparently, the company I worked for had sticky fingers and took most of it out. The company is now closed, so I was wondering what I can do to get some of that money back.

I work as a teacher and have a pension plan through the state, which has been underfunded in the past. To make up the difference, large pension contributions are deducted from my paycheck every two weeks. As a result, it's very difficult to have any money to save. I am barely making ends meet, as I am the sole provider for my wife and baby. In addition, I will need to start saving for my baby's future college costs. Even though I'm barely making it, should I open a retirement account or should my pension already be enough?

My dad is planning on short selling one of his homes. Originally bought to be remodeled, but because of the economy he cannot even afford to keep the house. Home was bought for 1.3mil and he is planning on short selling it for 800k. My question is, what will the bank do about the 500k deficiency? Can they go after his retirement accounts? Thanks

What about under this new health law? I saw this comment posted by someone and thought it was interesting. > Subject: : Judge Kithil of Marble Falls , TX - HB3200 highlighted pages most egregious > > Please read this........ Especially the reference to pages 58 & 59 > > > > JUDGE KITHIL wrote: > > "I have reviewed selected sections of the bill, and find > It unbelievable that our Congress, led by Speaker Nancy Pelosi, could come up with a bill loaded with so many wrong-headed elements." > > "Both Republicans and Democrats are equally responsible > For the financial mess of both Social Security and Medicare programs." > > "I am opposed to HB 3200 for a number of reasons. > > To start with, it is estimated that a federal bureaucracy of more than 150,000 new employees will be required to administer HB3200. That is an unacceptable expansion of a government that is already too intrusive in our lives. If we are going to hire 150,000 new employees, let's put them to > Work protecting our borders, fighting the massive drug problem and putting more law enforcement/firefighters out there." > > > JUDGE KITHIL continued: "Other problems I have with > This bill include: > > ** Page 50/section 152: The bill will provide insurance > To all non-U.S. Residents, even if they are here illegally. > > ** Page 58 and 59: The government will have > Real-time access to an individual's bank account and will have the authority to make electronic fund transfers from those accounts. > > ** Page 65/section 164: The plan will be subsidized (by > The government) for all union members, union retirees and for community organizations (such as the Association of Community Organizations for Reform Now - ACORN). > > ** Page 203/line 14-15: The tax imposed under this > Section will not be treated as a tax. (How could anybody in their right mind come up with that?) > > ** Page 241 and 253: Doctors will all be paid the same > Regardless of specialty, and the government will set all doctors' fees. > > ** Page 272. Section 1145: Cancer hospital will ration > Care according to the patient's age. > > ** Page 317 and 321: The government will impose a > Prohibition on hospital expansion; however, communities may petition for an exception. > > ** Page 425, line 4-12: The government mandates > Advance-care planning consultations. Those on Social Security will be required to attend an "end-of-life planning" seminar every five years. (Death counceling.) > > ** Page 429, line 13-25: The government will specify > Which doctors can write an end-of-life order. > > HAD ENOUGH???? Judge Kithil then goes on: > > "Finally, it is specifically stated that this bill will not > Apply to members of Congress. Members of Congress are already exempt from the Social Security system, and have a well-funded private plan that covers their retirement needs. If they were on our Social Security plan, I believe they would find a very quick 'fix' to make the plan financially sound for their future." > > Honorable David Kithil > Marble Falls , Texas California

** Page 50/section 152: The bill will provide insurance to all non-U.S. residents, even if they are here illegally. ** Page 58 and 59: The government will have real-time access to an individual's bank account and will have the authority to make electronic fund transfers from those accounts. ** Page 65/section 164: The plan will be subsidized (by the government) for all union members, union retirees and for community organizations ** Page 241 and 253: Doctors will all be paid the same regardless of specialty, and the government will set all doctors' fees. ** Page 272. section 1145: Cancer hospital will ration care according to the patient's age. ** Page 317 and 321: The government will impose a prohibition on hospital expansion; however, communities may petition for an exception. ** Page 425, line 4-12: The government mandates advance-care planning consultations. Those on Social Security will be required to attend an "end-of-life planning" seminar every five years. ** Page 429, line 13-25: The government will specify which doctors can write an end-of-life order. "Finally, it is specifically stated that this bill will not apply to members of Congress. Members of Congress are already exempt from the Social Security system, and have a well-funded private plan that covers their retirement needs. If they were on our Social Security plan, I believe they would find a very quick 'fix' to make the plan financially sound for their future." ** Page 50/section 152: The bill will provide insurance to all non-U.S. residents, even if they are here illegally. ** Page 58 and 59: The government will have real-time access to an individual's bank account and will have the authority to make electronic fund transfers from those accounts. ** Page 65/section 164: The plan will be subsidized (by the government) for all union members, union retirees and for community organizations ** Page 241 and 253: Doctors will all be paid the same regardless of specialty, and the government will set all doctors' fees. ** Page 272. section 1145: Cancer hospital will ration care according to the patient's age. ** Page 317 and 321: The government will impose a prohibition on hospital expansion; however, communities may petition for an exception. ** Page 425, line 4-12: The government mandates advance-care planning consultations. Those on Social Security will be required to attend an "end-of-life planning" seminar every five years. ** Page 429, line 13-25: The government will specify which doctors can write an end-of-life order. "Finally, it is specifically stated that this bill will not apply to members of Congress. Members of Congress are already exempt from the Social Security system, and have a well-funded private plan that covers their retirement needs. If they were on our Social Security plan, I believe they would find a very quick 'fix' to make the plan financially sound for their future."

How can you spot it? I'm thinking about joining this insurance networking business. Basically what I'll be doing is selling life/retirement insurance OR recruit people to sell it by word-of-mouth. I get a percentage of what my recruiters make and so on... I have a very close relative who knows a friend that does it. The friend of his is making thousands and his upline, millions! He showed me his account and photos of expensive travel vacations for proof. He's been doing it for only 8 months. If I pay $125 to join but will get a reimburstment after I get a license. But how do I know if it's a pyramid scheme? I did research on the company but nothing about it being a scam showed up..how do I tell the difference between non-/pryamid scam?

Here is the story: The company I had worked for, for nearly 20 years was bought out and the new company laid off over 80% of the employees. The severance package I received and my vacation "buy out" totaled nearly 7 months. During the last month I worked, the company brought in people from the state unemployment office and job assistance programs to meet with those being let go. During that meeting it was mentioned that people who receive severance packages etc may not be immediatly elligable for unemployment benefits. There were two "waves" of employees who went out before my "wave" went, and I was hearing from some of those, that because of the size of their severance package they were being told they did not qualify yet and wait till the severance package ran out. Then I heard the nightmares they went through when they reapplied. When I left with my packages, I opted to not go through what they went through. Frankly, with a package that equalled almost 7 months, I wasn't expecting to be unemployed that long. I had never been unemployed for more than 6 weeks in five jobs I had over nearly 25 years. I had always been able to find work quickly. One time I wasn't even without work long enough to receive my first unemployment check. After 7 months I was still unable to find a job and the severance package ran out, so I filed for unemployment. During this time I was faithfully paying my bills. When I decided to file for my credit card insurance is when all hell broke lose. I called the company, was told they don't deal with BofA anymore. I called back, oh yes they handle BofA, but I'm not on the list. I call BofA. BofA gets angry and calls themselves. They get the same runaround... first told they don't handle it, then when the lady at BofA said "Um, I AM BofA!!" The lady on the other line said "Oh, let me transfer you to the people who take care of that" Then that person said I'm not on the list. The lady at BofA said BULLSH*T (yes she did). Then I was miraculously found. They sent me the paperwork. I filled it out and sent it back. They lost the paperwork and wouldn't accept a copy of my copy. So I refilled it out. They declined me saying I didn't file for unemployment within 30 days. I got pissed. By this time, I had to move and couldn't deal with this, while looking for work and a place to live. When I got settled again, I called BofA. at that time my intent was to find out how much I paid over the years and atleast try to get that money back. BofA wasn't happy with what I went through, so they tried again. Again we went through the same situation... They don't handle BofA, oh you're BofA, yes we do, that person is not on our list, oh, wait yes she is. You should have been approved, we'll resend the paperwork. Again I filled out the paperwork and again I was declined. What are my options at this time? Do I have any legal recourse? Is this even legal? There are extrenuating circumstances for everything and these people don't seem to acknowledge them. Frankly, I feel by the way they tried to sneak around saying they didn't handle that account and then saying I wasn't on their list, it's as if they are trying everything possible to not pay up. I have prided myself on keeping my credit in good standing. To get this monkey off my back and not knowing what exactly my future was, I opted to take money out of my retirement savings to pay it off. But they still should reimburse me. I paid them... for years. This is not right. I appreciate you reading my story and appreciate any assistance and advice you can offer.

We'd like to make a 401k hardship withdrawal to use the funds towards down payment of a house (my wife and I are first-time home buyers). We have about 40k in the 401k (fully vested) and after paying 10% penalty and fed&state taxes, we should remain with about 25k. Now, we learned from our plan administrator (ING) that things are not so simple: first we have to "exhaust all other loan options". This means concretely that we have to borrow about 20k from the 401k and pay it back with 5% interest. Only the remaining 20k can be used for a hardship withdrawal. This kind of defeats the purpose of what we want to do, namely to generate as much hard cash from the 401k as possible which then can be used towards the down payment. The question is if the practice of requiring to exhaust all other loan options is legal and if others have heard about similar "gates" that are throws up by the plan administrators. Also, we were wondering if there is another way to get the full money applied towards the withdrawal (and none against a loan). Of course we know that some people think that it is a bad idea to make early withdrawals from a 401k. We took into account in the decision to case out the 401k not only the nerve-wrecking ups-and-downs in 401k plans over the past 2-3 years, but also the recent rumors that the US government might turn 401k plans into annuity plans at some point in the future to finance the public debt (effectively turning your contributions into a government IOU for retirement). I appreciated all responses so far, thanks a lot! So far the responses are missing the point, which I try to clarify better: this is a technical question of how to extract a maximum amount of cash out of the 401k and whether a 401k plan administrator is actually permitted to throw up gates by demanding to exhaust all other loan options first. Whether it makes sense financially or whether this is against the spirit of 401k based retirement plans is not the question.

The Dinner Roll .. Once upon a time I was invited to the White House for a private dinner with the President. I am a respected businessman, with a factory that produces memory chips for computers and portable electronics. There was some talk that my industry was being scrutinized by the administration, but I paid it no mind. I live in a FREE country. There's nothing that the government can do to me if I've broken no laws. My wealth was EARNED honestly, and an invitation to dinner with an American President is an honor. I checked my coat, was greeted by the Chief of Staff, and joined the President in a yellow dining room. We sat across from each other at a table draped in white linen. The Great Seal was embossed on the china. Uniformed staff served our dinner. The meal was served, and I was startled when my waiter suddenly reached out, plucked a dinner roll off my plate and began nibbling it as he walked back to the kitchen.. "Sorry 'bout that," said the President. "Andrew is very hungry." "I don't appreciate..." I began, but as I looked into the calm brown eyes across from me, I felt immediately guilty and petty. It was just a dinner roll. "Of course," I concluded, and reached for my glass. Before I could, however, another waiter reached forward, took the glass away and swallowed the wine in a single gulp. "And his brother, Eric, is very thirsty," said the President. I didn't say anything. The President is testing my compassion, I thought. I withheld my comments and decided to play along. I don't want to seem unkind.. My plate was whisked away before I had tasted a bite. "Eric's children are also quite hungry." With a lurch, I crashed to the floor. My chair had been pulled out from under me. I stood, brushing myself off angrily, and watched as it was carried from the room. And their grandmother can't stand for long." I excused myself, smiling outwardly, but inside feeling like a fool. Obviously I had been invited to the White House to be sport for some game. I reached for my coat, to find that it had been taken. I turned back to the President. "Their grandfather doesn't like the cold." I wanted to shout, "that was my coat!" But again, I looked at the placid smiling face of my host and decided I was being a poor sport. I spread my hands helplessly and chuckled. Then I felt my hip pocket and realized my wallet was gone. I excused myself and walked to a phone on an elegant side table. I learned shortly that my credit cards had been maxed out, my bank accounts emptied, my retirement and equity portfolios had vanished, and my wife had been thrown out of our home. Apparently, the waiters and their families were moving in. The President hadn't moved or spoken as I learned all this, but finally I lowered the phone into its cradle and turned to face him. "Andrew's whole family has made bad financial decisions. They haven't planned for retirement and they need a house. They recently defaulted on a subprime mortgage. I told them they could have your home. They need it more than you do." My hands were shaking. I felt faint I stumbled back to the table and knelt on the floor. The President cheerfully cut his meat, ate his steak, and drank his wine. I lowered my eyes and stared at the small grey circles on the tablecloth that were water drops. "By the way," he added, "I have just signed an Executive Order nationalizing your factories. I'm firing you as head of your business. I'll be operating the firm now for the benefit of all mankind. There's a whole bunch of Erics and Andrews out there and they can't come to you for jobs groveling like beggars...we need to spread YOUR wealth around..." I looked up. The President dropped his spoon into the empty ramekin which had been his crème Brule. He drained the last drops of his wine. As the table was cleared, he lit a cigarette and leaned back in his chair. He stared at me. I clung to the edge of the table as if it were a ledge and I were a man hanging over an abyss. I thought of the years behind me, of the life I had lived. The life I had earned with a lifetime of work, risk and struggle. Why was I punished? How had I allowed it to be taken? What game had I played and lost? I looked across the table and noticed with some surprise that there was no game board between us. What had I done wrong? As if answering the unspoken thought, President Obama suddenly cocked his head, locked his empty eyes to mine, and bared a million teeth, chuckling wryly as he folded his hands. "You should have stopped me at the dinner roll," he said.

I got this email twice early this am. You would think an IT company would have a website. Our company is glad to offer you a job as an Assistant Manager. We believe that your knowledge, skills and experience will be among our most precious assets. Our company is famous for its effective solutions in creating, software integration and its administration. Our chief field of work is Internet. We work for our clients, living in various places all over the world. IT Ltd is mostly concerned with web application development and software development. Also the company pays much attention to more efficient options, fulfilling web design projects for the customers on web design, helps to arrange work with affiliates. Our company is aimed at developing sound, yet easy and effortless solutions for all our clients. The biggest number of customers is represented by USA consumers. Description of the offered position : Promotion support Working out tax reports and reports of internal use Studying and determination of ways of solution Announcement of information to clients Keeping correspondence Estimation, organization, keeping up and exploration of complex data Organization of payoffs straight from clients to employees using money transfer systems Looking after expenses of the company Performing administration work Conference calls arrangement with meeting organization Our Assistant Manager must have brilliant communication skills and being proficient in the following field: Computer skills and typesetting Skilled usage of Microsoft Word, Excel Working hours are 9a.m. to 1p.m. Should you accept this job offer, per company policy you'll be eligible to receive the following beginning on your hire date. Salary: for 2 weeks of training|trial) period - 1800 USD for a full-time position - 4500 USD per month, paid in biweekly installments by direct deposit Benefits package: 401k retirement account Health, dental, life and disability insurance Sick leave Vacation and personal days Income protection plans for employees. To accept this job offer please let us know the following details: 1. Enter your name completely: 2. We need to know your full address: 3. Cell is necessary to contact you: 4. Home phone number: 5. Your e-mail for a quick contact: We at IT Ltd hope that you'll accept this job offer and look forward to welcoming you aboard. IT Ltd is ready to show you the world outside and provide you with unique opportunities to live the way you deserve. Sincerely, Hiring Coordinator, HR Department. IT Ltd.

. . . What is your answer to the fact that there isn't enough gold to cover the accumulated wealth in America? I'm not talking about what the government spends, I mean the money people have in savings, retirement funds, checking accounts, and other non-physical currency areas. Should those accounts just be wiped out and the people told "Sorry that you spent your life saving money."?

I will be turning thirty this year and I opened a private insurance saving account, where I will be putting in money every month. Is this a good idea? I only have two weeks to decide whether I want to change my decision.

My dad quit his extremely high paying job as a corporate VP in 2007 for no real reason, and had to bring money to the table to sell the awesome house he had, in a buyer's market (it finally sold in 2009) -- the house was totally paid off, BTW, my parents could have stayed there for almost no monthly fee (just the HOA). He decided to move himself, my mother, and my disabled brother to a retirement community in another state (where I also happened to be moving), where there were no potential jobs. I try to love my mother, but she's always been a physically, verbally, emotionally, and mentally abusive drunk who smokes chains of cigarettes. She never worked because she said she was too sick, but we know for a fact that she was making herself sick with her addictions. They both used to use recreational drugs in irresponsible excess. My parents moved into a house they couldn't afford, in this retirement community with no job prospects for either of them, when they were still in their early 50s. I don't know how they figured they'd be able to make ends meet on my dad's pension, the math doesn't even make sense, but I wasn't smart enough back then to realize their folly. They didn't consult with a lawyer or an accountant. My little brother is high-functioning autistic (has Aspberger's syndrome and a seizure condition), he lives with them. He gets social security disability money every month, and my mother takes it and spends it on groceries and, mostly, wine for herself. None of them have health insurance. I got a joint bank account with the parents so that I could transfer funds to them if they needed me to do so. As it stands now, I've given them over $3000 of my federal student loans (I'm in school), and I will never see that money again. The IRS levied the joint account when they failed to pay their taxes on the house sale and my dad's pension. I just faxed the info to the IRS recently to prove I had control over the account and no money came from my parents. Levy will be removed soon. I will get a new account. I'm moving out of the state we live in, even though my autistic brother still lives with them. My mother won't sop drinking and abusing my father, and my father wants me to get a townhouse where I'm moving so that they can all live with me. He sends me articles about how baby boomers live with their adult kids these days to merge resources, even though he wouldn't be able to bring money to the table to help me out (his entire pension is tied up in his house, a car, and his IRS payment schedule). He plays on my guilt a lot and tries to convince me that what he's asking is somehow normal. I'm not even 30, and they're not even 60. I feel like I'm being taken advantage of. They've been making my life more difficult than it has to be for a long time, by both their irresponsibility and their abuse, and I'm tempted to cut them off, with the possibility of extracting my brother from the situation soon after I'm out. Am I wrong? Is dealing with parents like this normal, and I'm just a selfish, ungrateful son? Do you beat your children, too, Crystal? Do you steal their money and buy booze with it? Crystal, I just read an answer you gave for a question asking about an abusive mother, you gave the opposite response. Stop using all caps and start exercising logical consistency.

My employer suspended their 50% match on my 401k this year. With my low income, I pay nothing into IRS, but I will have to pay in when I withdraw from the 401k when I retire. I am 35 years old, I have about $3,000 in the account, with the employer's share 50% vested. It is my understanding that since I would be investing in the Roth with post-tax dollars, that the withdrawls would be tax free upon retirement. It seems to me that I should take the hit and pay the 10% tax and get my money out and get it into a Roth. I would then let the employer's share sit in the account until it fully vests, and then roll that over to the roth as well. Does this sound like the right play, or is there a better thing to do with this?

...this ? Holy Guacamole..... ........no wonder they're going broke. Maximum benifits in Texas are under 400.00 per week regardless of how much you previously earned. The same CBS News program I saw stated that GM adds 2000.00 per car just to pay for unemplyment and retirement accounts. Un-F-------ng----believeable.

I really want to save for my retirement. But my savings account has a 0% interest rate while inflation is HIGH. Why is Obama forcing me to spend money I want to save for retirement? The dollar has dropped against every other major currency except the Euro. Its down vs the Canada by a ton. And you think theres no inflation? Wow.

Assume that you are 30 years old today, and that you are planning on retiring at age 65. Your current salary is $45,000 and you expect your salary to increase at a rate of 5% per year as long as you work. To save for your retirement, you plan on making annual co ntributions to a retirement account. Your first contribution will be made on your 31st birthday and will be 8% of this year's salary. Likewise, you expect to deposit 8% of your salary each year until you reach age 65. At retirement (age 65) you will begin withdrawing equal annual payments to pay for your living expenses during retirement (on your 65th birthday). If you expect to die one day before your 101st birthday (Your last withdraw will be on your 100th birthday) and if the annual rate of return is 7%, then how much money will you have to spend in each of your golden years of retirement? guys please i don need the answers , am doing some works,just wanna someone to explain me how to do it..really thanks..peace and love

Do you have to report your dividends on your IRA and 401K accounts when you file taxes? Those are retirement accounts so I wasn't sure if the same apply to them as a non retirement.

Here's my story, sorry if it's a bit lengthy. At the tragic expense of my grandfather's sudden and early death, I've recived my multi-million dollar inheritence earlier than anticipated. He was an executive for Warren Buffets Berkshire Hathaway and bought up several hundred shares of stock while they were dirt cheap. My current financial situation is this: A 41 year annuity of $207'000.00 a year (Actually direct deposits monthly.) Also a secluded cabin in the Hawaiian islands as my permanent residence, and 1.5 Million remaining in uncommited dollars spread out in three bank accounts, that will be my retirement when my annuity runs out at the age of 61. As you can see, I'm a 20 years man and set for life. Further more, and you can correct me if I'm wrong about this, that's why I'm here asking, but it would seem that I have nothing to lose when I go in for my final check. You see, a week from this friday, I go in for my final check. I am assistant manager at a golf course and absolutly despise the boss. She has made the last year of my life miserable, and instead of going out with a handshake, I'm thinking of going out with a literal bang. Because, I live in Pensacola county Florida, and my flight to my new life in Hawaii is 11am a week from friday in Tampa. So, two hours before the flight, I get there at opening at 9am, noone else is there, I get my check, rough her up a bit then high tail it out of there. This is my opinion: Even though Tampa, the location of an airport is a neighboring county, the process of extradition remains nonetheless. So, even if she can tell the police I'm there (Which I do not believe she would know), there would be way too much legistical stuff to be able to get me before the flight takes off. (Even if they did, i could pay my bail, then leave, and consider it worth it.) As single mom collecting child support, we can rule out her suing. She would not only have travel expense that she likely cannot afford, but there's absolutly no way on earth she can afford an attorney who can take on the one I hire. Not to sound like I'm gloating, but I can afford any attorney on earth, she cannot. Expect her to not even consider civil action. I don't like her attitude, but she's not downright stupid. Last but not least, this IS a repost. I'm asking again because last time everyone was talking about extradition. Consider it this way: The DA is going to pay out of his budget, provided by taxpayers, to have me extradited all the way back from Hawaii over a simple assualt charge. He's gonna cover the expense of my arrest in Hawaii, and pay to put me on a plane, and fly me halfway across the pacific just to get to the west coast, than transfer planes on or two times back to tampa? Simple assault charge? I think we can rule out extradition of that distance for 90 % of all crimes. So, am I foolproof.

Most Americans are divided today. Liberals vs. Conservatives, Hippies vs. Suits, the list of polarities is endless. George Washington warned us about the European bankers intent to use this type of division to distract us and prevent us from focusing on the priority of watching over our government. Most of us agree the U.S. government is a corrupt structure and a growing number understand how the European bankers have manipulated our Federal Reserve, and central banks of most nations, to control us, bankrupt us and steal our property, or as Jefferson said "Your children will wake up homeless in the fields of the nation your fathers conquered." Many people propose riots, civil unrest etc., and many radio and web hosts are revealing these trends, but talking about it doesn't solve the problem. It will require action and soon - we are a bankrupt nation today where 80% of stimulus for renewable energy went to foreign corporations instead of to U.S. communities to create jobs and reduce our reliance on oil. This is just one area our leaders have failed - the list is growing and even folks like Willie Nelson and Jessie Ventura know it. The question becomes "How do we correct the course of our nation without a violent revolt?" Voting and waiting 4 - 6 years is far too slow, and the train wreck economy and looming fiscal disaster is at our door - it surrounds each of us every day. This question, above all others, to me anyway, is the most important question of the 20th and 21st century, both for our nation and the planet; for without answering this first, nothing else mankind does will matter much. Its not likely the bankers, oil, chemical and drug companies are going to manage the global environment, our water supplies, standard of living, retirement accounts, oceans and habitats for the benefit of humanity and other species. They've failed miserably in their half-hearted attempts thus far, but for us to care for our nation and planet, we need to be solvent, continue to learn and become more enlightened - as our founding fathers had hoped - and therefore, if we are to cure our nation's ills and help heal a torn planet, I believe we are going to have to start with Washington, our State Governments and local governments with a rapid series of reforms that are mandated - demanded - by citizens. The critical word - "rapid" - isn't in the vocabulary of most politicians at the Federal level - which means the word "revolt" will soon be the word of the day. To me, this is a step backwards, an admission of our failure as citizens and prima facie evidence of the failure of our leaders to create and manage a sustainable, "enlightened" government. Is there an alternative to armed insurrection and revolt to "take our nation back", or is this the natural course of history - as also predicted by Jefferson? It is not true that a government - any government - can stop a mass movement. It is true that they can disrupt small groups. However a large, UNITED, coordinated citizen body is without any solution except to either heed their will - or slaughter them - which in theory would enrage those remaining, and thereby trigger the revolt this question aims to avoid, as I do not believe destructive violence is the best course of action. It would indict us all as animals, incapable of resolving this within the framework of the "enlightened" government structure we are blessed to have. How do we work within the system we have without destroying the fabric of our nation or pressing our leaders to turn our own military against us? (which begs another question indeed).

My father, 51, had been an hourly worker in a machine shop of for 21 years and four months. On a Christmas holiday, he suffered a severe heart attack and was hospitalized for three weeks. At his release, his doctor said he was to rest at home for a couple of months. After his recuperation period, his doctor, along with his company’s physicians, was to decide whether or not my father should retired for disability reasons. They never got the opportunity to make this decision; in February, my father died of a second heart attack. He left my mother, four sons, two daughters and two-daughters in-law. His wife, my mother, still had four children at home. As part of my father's estate, my mother received the normal group insurance payments, the balance of his savings plan account, and the other benefits due her. However, my mother did not receive a pension from the company as a survivor of an eligible employee. When my mother and the company representatives had discussed the settlement, my mother had inquired about my father's pension and about my mother's right to receive it. The human resource department had stated that since contributions to this fund were made only by the company, no survivor’s benefits were provided. 1.What do you think my mother should do at this point? 2.What does the Employment Retirement Income Security Act of 1974 have to say about this issue?

we know the system is rigged against us. The top tier earners, who own both political parties, are laughing all the way to the bank while we battle it out here on YA and call each other names. So my question is... when do we take our country back? When does the bleeding of jobs, homes, retirement accounts, etc stop? Or do we let them have their way and their cake and we end up like Rome? And no.. it's not the goverment, although that can use a disinfectant as well. Trickle down never amounted to a piddle and those that pushed and stuck up for it should be ashamed.

If I am saving for retirement and I started by saving $2500/year and I plan to increase my contributions by 3% per year. If the retirement plan has historically made 8% per year, how much will I have in my account after 38 years? Also how much will be in my retirement fund if it pays only 6.5% per year?

I want to move my 401K from my previous employer to my current one. Once I withdraw the funds, how long do I have to place them into a new retirement account? Can I also keep out some of these funds (I understand that this amount kept out will be subject to taxes and penalties)?

What do other supporters of illegals have to say about one of their own arrested for helping illegals break the law ?McALLEN, Texas — A south Texas county commissioner pleaded guilty Monday to two felony counts stemming from her putting illegal immigrants who worked at her home on the county payroll. Hidalgo County Commissioner Sylvia Handy pleaded guilty to making false statements on her 2005 income tax return and conspiracy to conceal or harbor illegal immigrants, according to federal court records. Lawyers had prepared to begin picking the jury for her trial Monday. U.S. District Judge Ricardo Hinojosa allowed Handy to remain free on bond until her June sentencing, in exchange for promising to resign her elected position Tuesday, court records show. Arrested in April, Handy faced an 11-count indictment, but had remained free on bond and continued working as a county commissioner. Calls to Handy's attorney Al Alvarez and her precinct office were not immediately returned Monday. Handy's husband Juan Espronceda also was charged in the case, but the charges were supposed to be dropped after Handy's sentencing, according to court records. Federal investigators alleged Handy defrauded the county of $111,000 in salaries for the immigrants. Some of their county salaries also went toward paying a $53,000 bill consolidation loan Handy took out in 2004, according to the indictment. Handy allegedly instructed a county human resources employee to prepare a fraudulent job application for one woman using an assumed identity, including someone else's Social Security number. At one point, Handy promoted her. The woman moved in 2004 into a house in Mercedes owned by Handy and continued collecting county paychecks. In June 2005, the woman withdrew $4,400 from her assumed identity's retirement account. The process allegedly included sham interviews with other job applicants before another illegal immigrant ultimately was hired for a maintenance job. She collected county checks while working in Handy's home in 2004. Handy has served on the county commission since first running for her seat in 1996. She was Hidalgo County's first elected woman commissioner. http://www.chron.com/disp/story.mpl/ap/tx/6903526.html

I have worked for a small company (~20 employees) for the past 5 years. Now, I'm moving to another company. I have about $80K built up in what my employer refers to as a "profit-sharing retirement plan." It's administered by a 3rd party, and contributions are made on my behalf, I'm not sure when this is done or how much I'm putting in. Once yearly I get to choose which funds my money is invested in, and I get quarterly statements. I guess this is like a 401K but I'm not sure, since I don't really know what a 401K is. It's actually kind of shameful how little I know about this. The office manager has assured me that I can just leave my money there after I leave, but honestly it makes me a little bit nervous to do so. So would this be the type of thing I could "roll over" into another account, something over which I could exercise more direct supervision? I'm hoping to avoid paying taxes, of course. Or should I just let the money stay put? If I wanted to move my money, how would I go about doing something like this? Can I just go somewhere like T Rowe Price (I see their commercials on TV) and tell them to take care of it for me?

I am 30 years old and just started a new career. My employer offers both a Traditional 401K and a Roth 401K. I have zero experience investing and have never owned a retirement account before. Which should I choose....or can I choose both? I have allocated 10% of my income to invest for now. Should I do 5% in 401K and 5% in Roth 401K....or other options? I am totally confused by all the choices and not sure where to put my money so that I can make to best investment. My employer does offer a "matching" bonus. I currently do not have any other investments or savings. Any advise would be great!! Here are the funds available to invest in....managed by Fidelity COLUMBIA STRATEGIC INCOME GOLDMAN SACHS MID CAP VALUE MUNDER MID-CAP CORE GROWTH FIDELITY SPARTAN 500 INDEX PIMCO TOTAL RETURN FIDELITY ADVISOR FREEDOM 2010 FIDELITY ADVISOR FREEDOM 2020 FIDELITY ADVISOR FREEDOM 2030 FIDELITY ADVISOR FREEDOM 2040 AMERICAN FUNDS AMER H/I AMER FDS GROWTH FD OF AMERICA AMERICAN FUNDS EUROPACIFIC DODGE & COX STOCK EATON VANCE FLOATING RATE FEDERATE PRIME OBLIGATIONS MM VIRTUS REAL ESTATE SECURITIES DAVIS NY VENTURE ALLIANZ NFJ SMALL-CAP VALUE FD BUFFALO SMALL CAP AMERICAN CENT INFLATION ADJ

where should i put it after retirement to achieve a good income.

You want to have $1,000,000 in a retirement account on your 65th birthday. You make the same deposit in retirement account once each month. How much money must you deposit each month to have $1,000,000 at age 65 if you earn 5% per year, 8% per year, 10% per year?

I work full time and I have the funds to pay this off in my retirement account but I don't want to use that unlast it is the last resort.

I have an S corporation established couple years ago, I am the president, vice president, treasurer, and janitor... I do engineering consulting, with no employees...i'm generating about $150k per year in income.. my overhead/expense are very very minimal, so i normally get hit with a big tax bill at the end of the year... So I am seeking an individual retirement account...and need your help/opinion... The options are SEP IRA or Solo 401k, i was researching and seems i can contribute about 40k or so into each... what are the advantages/disadvantages of each? how about admin fees? (i read for the first 3 years they give you a $500 tax break for admin fees).. besides that, I would like to save up about 20-25% of each income check into that retirement account...Any advise is greatly appreciated.. Thank you. No I do NOT pay myself W2, I just dig into the bank account (i am working on setting up a payroll for me), but at the end of the year, i file the 1120 i think tax form for the corporation, all revenue less deductions, issue a K1, and roll that into my personal...

Here's my story, sorry if it's a bit lengthy. At the tragic expense of my grandfather's sudden and early death, I've recived my multi-million dollar inheritence earlier than anticipated. He was an executive for Warren Buffets Berkshire Hathaway and bought up several hundred shares of stock while they were dirt cheap. My current financial situation is this: A 41 year annuity of $207'000.00 a year (Actually direct deposits monthly.) Also a secluded cabin in the Hawaiian islands as my permanent residence, and 1.5 Million remaining in uncommited dollars spread out in three bank accounts, that will be my retirement when my annuity runs out at the age of 61. As you can see, I'm a 20 years man and set for life. Further more, and you can correct me if I'm wrong about this, that's why I'm here asking, but it would seem that I have nothing to lose when I go in for my final check. You see, a week from this friday, I go in for my final check. I am assistant manager at a golf course and absolutly despise the boss. She has made the last year of my life miserable, and instead of going out with a handshake, I'm thinking of going out with a literal bang. Because, I live in Pensacola county Florida, and my flight to my new life in Hawaii is 11am a week from friday in Tampa. So, two hours before the flight, I get there at opening at 9am, noone else is there, I get my check, rough her up a bit then high tail it out of there. This is my opinion: Even though Tampa, the location of an airport is a neighboring county, the process of extradition remains nonetheless. So, even if she can tell the police I'm there (Which I do not believe she would know), there would be way too much legistical stuff to be able to get me before the flight takes off. (Even if they did, i could pay my bail, then leave, and consider it worth it.) And, although a state wide warrant for my arrest would be issued (And as a person who interned for the DA in high school I know it would be only statewide) it would not affect me anywhere else. I can guarantee that the DA's office will not pay precious money out of their budget to extradite me all the way back from Hawaii over a simple assault charge. Also, she's in no position to sue: My annuity and my bank accounts except for one small one is all Swiss based. Will SOME Swiss banks disclose the accounts existance? Yes, but I'm not concealing them anyway, and they still will NOT aid any US court or IRS in freezing, garnishing the funds in any way. Plus nonpayment is judgement is not a criminal offense, it's civil. But even before that, she knows who can afford the much better attorney, and suing across state lines, plus the travel expenses of coming to the islands, simply costly to the extent that it wouldn't be in her udget. I hate her, but stupidity is not the reason. She's smart enough to realize what I just said. Without lectures, without telling me to get over it and enjoy my new freedom (Believe me I will afterwards) am I foolproof? A week from today I should say

I am a college student and I am looking to start investing in something that will give me a decent amount of cash later down the road(maybe retirement age or sooner). I was thinking something where I would deposit about $50 a month into it during college and then more once I graduate and start working. What would you recommend the best account type would be? I have hear mutual funds maybe? Any other suggestions would be great, thanks.

Here's my story, sorry if it's a bit lengthy. At the tragic expense of my grandfather's sudden and early death, I've recived my multi-million dollar inheritence earlier than anticipated. He was an executive for Warren Buffets Berkshire Hathaway and bought up several hundred shares of stock while they were dirt cheap. My current financial situation is this: A 41 year annuity of $207'000.00 a year (Actually direct deposits monthly.) Also a secluded cabin in the Hawaiian islands as my permanent residence, and 1.5 Million remaining in uncommited dollars spread out in three bank accounts, that will be my retirement when my annuity runs out at the age of 61. As you can see, I'm a 20 years man and set for life. Further more, and you can correct me if I'm wrong about this, that's why I'm here asking, but it would seem that I have nothing to lose when I go in for my final check. You see, a week from this friday, I go in for my final check. I am assistant manager at a golf course and absolutly despise the boss. She has made the last year of my life miserable, and instead of going out with a handshake, I'm thinking of going out with a literal bang. Because, I live in Pensacola county Florida, and my flight to my new life in Hawaii is 11am a week from friday in Tampa. So, two hours before the flight, I get there at opening at 9am, noone else is there, I get my check, rough her up a bit then high tail it out of there. This is my opinion: Even though Tampa, the location of an airport is a neighboring county, the process of extradition remains nonetheless. So, even if she can tell the police I'm there (Which I do not believe she would know), there would be way too much legistical stuff to be able to get me before the flight takes off. (Even if they did, i could pay my bail, then leave, and consider it worth it.) And, although a state wide warrant for my arrest would be issued (And as a person who interned for the DA in high school I know it would be only statewide) it would not affect me anywhere else. I can guarantee that the DA's office will not pay precious money out of their budget to extradite me all the way back from Hawaii over a simple assault charge. Without lectures, without telling me to get over it and enjoy my new freedom (Believe me I will afterwards) am I foolproof? PS: I should mention that the bank accounts are Swiss based, and while they now disclose the existents of accounts to the IRS, they will not freeze/hand over any money. Plus the State of Hawaii SC has ruled that annuity funds cannot be touched for judgements/law suits. So she can't collect on anything if she sues, and failure to pay judgements is civil, not criminal. She would quickly find that out and not even waste money trying. Plus I hope she has a very good attorney, I don't think there's one I couldn't afford.

I want to open a target retirement roth ira in addition to my 401k. or should i contact my 401k provider and switch the funds into a target type fund? or should i set up a new roth ira in a target fund i am researching? I dont really want my work money mixed up with the extra im going to contribute (its a small biz and they are weird and they have this stupid vested time for 3 yrs etc etc). So i geuss my q is: 1. What to do with my 401k which is in a money market a/c not doing alot. 2. Open a separate roth ira, or just move my existing 401k money into my desired fund and just contribute the extra to my existing 401k?

Can I claim the savers tax credit if I do not contribute to my retirement plan with my salary, but my employer contributes for me? I have a retirement plan and I do not contribute to it when the money I make, but my employer automatically contributes 2% on their own to my account. Can I claim that contribution amount on my taxes to receive the savers credit?

Put a contract on a house at end of January, including $1,000 earnest money. It was supposed to close by Feb. 26th. It did not, because the lender was way behind and at the eleventh hour started asking me for a litany of information. Let me say also that I am HIGHLY qualified, with plenty of assets, top 1% income, low debt to income, and a FICO of over 750. Anyway, the requests were getting more and more ridiculous - questions about my retirement accounts, blah blah blah. I said on Friday "OK...this is the last item I am submitting." Sure enough, today, they wanted MORE information. Over the weekend, I signed a 3 day extension, though the seller did not (at least that I am aware of). Well, today I told the lender "I am done...if and when lending standards return to decency, let me know." So now the seller wants my $1,000. Should she get it? I did EVERYTHING under the sun to get this loan. I even agreed to the original sales price with the seller after I DISCOVERED that the actual square footage of the home as 1100 square feet, NOT the 1400 that she represented. So is my $1000 gone? "stopped sending information?" At what point is that information absurd? What difference does it make how my 401K (which is worth far more than the property) performed last month? Isn't there a threshold of reasonableness SOMEWHERE?

I am 31 and have about $210,000 in assets including house and truck which aren't paid off yet and $450,000 in retirement, saving accounts and weapons/jewlery. By the time I turn 61, according to the Yahoo Finance Calculator, my retirement will be $3,788,677 assuming 8% interest and 8% taxes

I know a little bit about banking/investing/retirement accounts, but honestly not much about the Roth IRA's which everyone tells me to start setting up. My husband and I are 23 and we're a military family. We already have our TSP set up with a few grand in and currently have a little over a hundred every month being contributed. I also wasn't sure if I should keep it at that amount or be contributing more? With Roth IRA's what fees are involved, how much should I contribute each month, what are the policies for early withdraw if that is even an option, best banks to go through and on and on? When I actually go into the bank I want to know better what they're talking about so I can make a more informed decision so any help from you, or links to great articles are greatly appreciated.

I'm divorced,head of household and 50. I must wait 1 year before being able to participate in my new companies 401K retirement program. Considering re-building my savings first with a 6 month cushion. Thanks for your advise

There are two people: Jane and Paul are both are 22 years old. Neither has any savings. Both have just finished college and are starting their first job, making $50,000 each. For simplicity, assume their salaries remain the same throughout their careers. Also assume that there are no taxes. Both will retire at age 65 (in 43 years), and both will earn 9% annually on their investments (i.e., savings). Jane saves nothing every year. That is, she spends all of his income. Paul saves and invests ½ of his income every year. Income is defined as salary + earnings on investments. By the time they retire, which person will have spent more? At what age are they spending the same amount annually? At what age will they have spent the same amount cumulatively? How much does each have in the account at retirement at age 65?

I have been rated by the Meb 30% disability. My compensation from the Army alone is around $913 a month while on TDRL . I have been completely out processed out of the Army, on my terminal leave which ends March 25th. After my finance final out from the Transition Ofiice, they told me my retirement separation pay will be in my account 15 days after 2010/03/25. It is around $1500. Do I get paid every first of the month? I also thought retirement separation pay was for $20% and lower, who are just getting a general discharge. I received a honorable discharge and have been placed on TDRL, which everyone knows..Is 5 years. Have I been misguided? Please explain! Thanks Since I am in the '' Old system'' of the Meb, the paperwork system .. Am I eligible for Va and military compensation benefits? I was told my Va rating will be mailed out to me 2 weeks after my separation date. its just confusing, i though '' retirement separation pay ''was a 1 time payment for 20% and below. however I am getting that once a month paycheck for 5 yrs.. I actually compared my e/4 paycheck I am getting every month from my terminal leave.. I am pretty sure I am making more money than If i sold my leave..I had about 35 days. I am on my 6th day now/ It's weird too, My ETS date was actually december 2010 ( 4 yr contract) and I am medically retired months before that.