Retirement fund

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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?

I'm 16, Jr in high school. I am set on the marines, that is the only plan I have, there's no other way for me. I plan on being in there long enough to pay my way through college at least, might even stay in if I like it enough. I'm in the army J.R.O.T.C. and at the moment I'm a platoon sergeant, probably be the CSM next year. I'm 5'2" around 140 pounds athletic. I've never spoken to a recruiter due to the fact everyone says they just bullshit with you and I've tried to get as much insight about it through people with experience, but I still don't know enough. I plan on taking the asvab next year, right now I've got a GPA between 3 and 4 not sure about specifics. I work part time at a mcdonalds as well. I need to know whether I should sign up as reserve or active, how long I'll have to serve if I do go active, wages, ranking, how long basic training is, how the whole college funding thing works in the first place, how would I get paid, and what jobs are good. I do kind of want to see some real action in my time but live to tell about it. If I don't stay in till retirement, I plan on going to college and become a chemical engineer. Not sure about it though... its a successful career but I dunno if I'll like it all that much. So basically I need to know about the pay, reserves or active duty, specific jobs, and how long enlistment lasts.

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."

For a retirement fund, you invest P dollars every year for N years (the years you work) and then withdraw Q dollars every year for M years (years you are retired) To ensure you don't go broke, you must earn interest at an annual rate at least, r, where r satisfies P((1+r)^N - 1) = Q(1-(1+r)^(-M)) Suppose you deposity $2000 per year for 30 years and intend to withdraw $8000 per year for 20 years. Compare the total amount withdrawn to the total amount invested. How much interest was earned over the course of 50 years? Can you show work?

and a good 5-10 year track record for retirement. Is this even possible? or Realistic?

Anyone here like the IRS and loves paying Taxes? 9 Billion dollars of the Health Care Bill is going to wards the IRS to pay for 3,000 new agents per month to enforce the Health Care bill should it pass. This is the same group who can and has garnished people's wages, Social Security, and retirement funds in order to collect funds for Uncle Sam. It's hard to post a link to the actual the bill since it want be completely released until the bill is passed....if you think that is far you got issues. Anyhow, knowing that the IRS is going to be the enforcers making sure you buy health insurance or else, why would you even consider voting for this bill? More info: http://www.washingtonexaminer.com/politics/Health-care-reform-means-more-power-for-the-IRS-56781377.html

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."

What other alternative I can choose for retirement fund, education fund, life protection, medical and crisis cover?

I know that 401K policies probably differ but generally speaking what happens if you take out a loan against your 401K retirement fund, set up weekly deductions from you pay check to payback the loan....then you lose your job? Do they allow you to continue the weekly payment or is the money due right away?

I am 42 from india and with good income currently to invest for my years of retirement. I am not able to decide what time of retirement option i study try--Some suggestions from friends are as follow Invest in balance funds via SIP for few years, later redeem them and buy an annuity from LIC Buy a combination of LIC policies that gives you some return every year after few years. Invest in equity funds via SIP and due to long run of more 10 years , it will generate good return. can you suggest any better option to work out.??

The Third World can only remain colonies if their attention and energy is channeled towards fighting each other. This is why the French, the British, the US and the Fourth Reich Zionist Entity are the first suspect in every terror attack. A short History of their criminal record: 1950’S The British SAS Battalion was composed only of military personal that tan easily and thus pass as Arabian Muslims. THEY KILLED AND HATCHED TO DEATH THOUSANDS TO JUSTIFY BRITISH PRESENCE (COLONIAL PRESENCE) 1970’S The Phoenix project in Vietnam consisted of covert CIA terror attacks targeting civilians of towns and villages suspected of supporting communism. The US and the puppet government would then blame the communists for this terrorism to “WIN HEARTS AND MINDS”. 1980’S JOHN NEGROPONTE AND COLONE STEELE organized a CIA terror Operations against the innocent people of El Salvador. Since El Salvador was Catholic, they decided to call the attacks on a shadow organization they called Battalion 316. The name was used to demoralized the people of Central America and justify US presents (Imperial objectives) 1990’S THE FRENCH FOREIGN LEGION KILLED 100,000 INNOCENT CIVILIANS IN ALGERIA. In every Massacre, the puppet government officials would blame the attacks on the Islamic party that had won 80% of the votes in the 1991 election. As in Joss, Nigeria the government forces would arrive on the scene late enough to give the French terrorist time to escape. The French Foreign Legions also used the British tactic of dressing like Muslim Arabs before attacking. 2000’S The Iraqi resistance was humiliating the US. Bush called for the “Salvador Option” (New York Times, 2004). Brimmer and General John Abizaid refused to become terrorists and thus were pushed to the side. Bush made John Negroponte US ambassador to Iraq and he brought Colonel Steele out of retirement for one last Butcher Fest. In his first week, John said he has evidence that Al Qaeda was now in Iraq. With the fake AQI as his cover and Blackwater on his payroll, Negroponte and Steele KILLED OVER 600,000 INNOCENT PEOPLE TO DEMORALIZE IRAQ’S AND BLAMED IT ON ISLAM. 2010’S BLACKWATER IN PAKISTAN The FRENCH FOREIGN LEGION IN CHAD AND DARFUR ISREAL’S KASHAFA BRAGADE (ETHIOPIAN JEWS) IN NIGERIA US FUNDING TERRORIST IN SISTAN, IRAN

Alright, so I know I should start saving for retirement as soon as possible. I've been reading about a lot of retirement online, but I'm still confused. It's nothing I've been taking TOO seriously, but today at work I had a meeting about the fact I know meet the qualifications for my company's 401k. Now, I'm only 18 so I know nothing about retirement, or stocks, or anything of the nature. The only information I got was I could distribute my funds in stocks, bonds, and trusts. Also, my company will match the first 2.5% of my salary that I put in, so I was told in order to get the most "free money" I should put in at least 2.5%. Now, I was thinking of doing about 10% (after my company match would end up being like 12.5%), but in terms of the stocks, bonds, etc, I am totally confused. Now, based on all the information I got in this meeting, the more risky, the larger your pay out could be. So...after all my options I though of going for the vanguard 500. I guess the vanguard 500 is a mid risk mid reward level that distributes your money into largely known stocks, such at AT&T, Exxon, google, etc. Not only do I want to know if this is a good idea, I also wanna know more details about my other options, and reasons behind what you think is best. Please, don't tell me to put everything in one group without telling me why. I want as much knowledge on this as possible as we are discussing my future hear. Your help is greatly appreciated.

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.

and let them handle it? We could bring back Greenspan and the crew, let the banks and hedge funds sell credit default swaps against Treasury Bonds. securitize our debt into trauches and sell it with AAA ratings, with the help of Moody's of course. Goldman and Morgan Stanley could package our national debt into CDO's and sell them to Martian Retirement Funds. Does Chris Dodd not understand this? I say deregulate the financials institutions now and let them get on with fixing our problems.

I am 50, married with a nice husband. 1 daughter is going to graduate after 2 yrs. I have an fully-paid apartment, retirement fund ready...It seems I am not motivated to do anything else. I am on my own insurance business. I just stay at home and doesn't want to call any customers at all. I feel bored. I used to no. 1 in my former company for 5 consecutive years. It looks I have nothing and like a looser, failure... What can I motivate myself to be active again? Always day dreaming, dreaming the past... Mid life crisis?? What exactly does it mean? I have almost taken a break for 1 1/2 years...on and off doing my job. I used to work 6 days a week and 12 hrs a day but I did not even want to work for 2 hrs a day and not even want to do exercise. My hse is just like a mess. My folders are all mixed up. But if you ask me to retire, I feel I will be even more bored!!!! Always day dreaming and no life goal. It looks I have everything at present moment.

. . . 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 did loose my job to Illegal Mexicans, that are allowed to work for Sunbelt Rentals Construction Division on a job at Duke Energy Gibson Indiana Power Plant. My Insurance went from $250 a month to $950 a month while GW was in Office!!!! GRRRR So I took Early Retirement ( thanks to the Laborers Union I have a retirement at 55. However there is a clinic my wife goes to that was funded while Bush was in Office ( most likely voted in by Democrats) where we get free doctor visits and the doctor will look at all three of my wife's health problems at one time and prescribe her high blood pressure, and arthritis meds all at one time. When we had insurance it took about 8 doctor visits a month to get all this done now we just go 1 time every 2 months. We need to fix how hospitals and the Health Care System works now wow, first!!

What will be the best retirement plan, as I am not having any Family pension or provident fund or retirement benefits.Consider a monthly salary of Indian rupees 75000/.Pl. suggest with personal experience with details.I am having 22,20 years old son both about to complete studies and 9 years old daughter.

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.

i won't get it. read the following. Please star this question and ask others to respond Social Security to start cashing Uncle Sam's IOUs By STEPHEN OHLEMACHER, Associated Press Writer Stephen Ohlemacher, Associated Press Writer – 1 hr 14 mins ago PARKERSBURG, W.Va. – The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs from the federal government, payable to the Social Security Administration. It's time to start cashing them in. For more than two decades, Social Security collected more money in payroll taxes than it paid out in benefits — billions more each year. Not anymore. This year, for the first time since the 1980s, when Congress last overhauled Social Security, the retirement program is projected to pay out more in benefits than it collects in taxes — nearly $29 billion more. Sounds like a good time to start tapping the nest egg. Too bad the federal government already spent that money over the years on other programs, preferring to borrow from Social Security rather than foreign creditors. In return, the Treasury Department issued a stack of IOUs — in the form of Treasury bonds — which are kept in a nondescript office building just down the street from Parkersburg's municipal offices. Now the government will have to borrow even more money, much of it abroad, to start paying back the IOUs, and the timing couldn't be worse. The government is projected to post a record $1.5 trillion budget deficit this year, followed by trillion dollar deficits for years to come. Social Security's shortfall will not affect current benefits. As long as the IOUs last, benefits will keep flowing. But experts say it is a warning sign that the program's finances are deteriorating. Social Security is projected to drain its trust funds by 2037 unless Congress acts, and there's concern that the looming crisis will lead to reduced benefits. "This is not just a wake-up call, this is it. We're here," said Mary Johnson, a policy analyst with The Senior Citizens League, an advocacy group. "We are not going to be able to put it off any more." For more than two decades, regardless of which political party was in power, Congress has been accused of raiding the Social Security trust funds to pay for other programs, masking the size of the budget deficit. Remember Al Gore's "lockbox," the one he was going to use to protect Social Security? The former vice president talked about it so much during the 2000 presidential campaign that he was parodied on "Saturday Night Live." Gore lost the election and never got his lockbox. But to illustrate the government's commitment to repaying Social Security, the Treasury Department has been issuing special bonds that earn interest for the retirement program. The bonds are unique because they are actually printed on paper, while other government bonds exist only in electronic form. They are stored in a three-ring binder, locked in the bottom drawer of a white metal filing cabinet in the Parkersburg offices of Bureau of Public Debt. The agency, which is part of the Treasury Department, opened offices in Parkersburg in the 1950s as part of a plan to locate important government functions away from Washington, D.C., in case of an attack during the Cold War. One bond is worth a little more than $15.1 billion and another is valued at just under $10.7 billion. In all, the agency has about $2.5 trillion in bonds, all backed by the full faith and credit of the U.S. government. But don't bother trying to steal them; they're nonnegotiable, which means they are worthless on the open market. More than 52 million people receive old age or disability benefits from Social Security. The average benefit for retirees is a little under $1,200 a month. Disabled workers get an average of $1,100 a month. Social Security is financed by payroll taxes — employers and employees must each pay a 6.2 percent tax on workers' earnings up to $106,800. Retirees can start getting early, reduced benefits at age 62. They get full benefits if they wait until they turn 66. Those born after 1960 will have to wait until they turn 67. Social Security's financial problems have been looming for years as the nation's 78 million baby boomers approached retirement age. The oldest are already there. As that huge group of people starts collecting benefits — and stops paying payroll taxes — Social Security's trust funds will shrink, running out of money by 2037, according to the latest projection from the trustees who oversee the program. The recession is making things worse, at least in the short term. Tax receipts are down from the loss of more than 8 million jobs, and applications for early retirement benefits have spiked from older workers who were laid off and forced to retire. Stephen C. Goss, chief actuary for the Social Security Administration, says the crisis has been years in the making. "If this helps get peop

The 6 months living expenses thing is NOT an option. So basically I have 2 grand in saving. Now student loan repayments are coming soon. I have two part time jobs at the moment and I plan to spend about $500 a month on student loans starting next month (I have one private loan with a 12% interest rate so I'm trying to knock that out before the others are in repayment as well. Also plan on paying off ALL accrued interest so it won't capitalize. My other loans have a 6.8 interest rate) That $500 is AFTER I paid off my bills, food, maybe $100 in savings, and $100 for free-will purchases (let's face it, everyone wants to go out sometime. This includes fast food, shopping, movies, or whatever. But I don't spend out much so I might not even use all this). I would feel really comfy keeping that 2 grand in the bank for rainy days even though the savings interest doesn't even compare to the interest those loans are gathering. I was thinking maybe putting $100 away a month to build up savings... if that. Should I be saving more or focus on paying off the loans. Basically, having two jobs, I don't feel too scared about being unemployed since I'll have something to fall on if something happens. I also have a $3000 limit credit card (no balance on it) if I needed something (but since I have no car and I rent, I can't see myself ever having that problem. No big ticket items to worry about. I have renters insurance if you're thinking what if my place burns down or I get robbed.) So is it wise to keep that two grand in the bank or use it towards loans? And should I be saving more than $100 a month while trying to pay off loans? I was thinking any extra money, like if i pick up hours at work, would also go to savings or should I use that for loans? Should I be saving at all? I know savings is important long run but I'm hoping to be debt free in 5 years or less then I can worry about things like retirement. Maybe saving for a car or house is good but not thinking about owning anytime soon so I don't feel pressed about that. I just turned 22 if that helps but things in perspective. If you don't want to read the question, don't give an answer. I clearly said I'm 22.

for about 6 months I have been putting 6% (Company matches with 3%) of my $40,000 salary into my 401k... but with a current lack of an emergency fund and some credit card debt I am considering lowering it to 3% (1.5% match) for a little while and then bringing it back up once my financial situation is a little more stable. would this be a bad idea? the way I see it I am still very young and have lots of time to save for retirement and the emergency fund and getting debt payed off seems like it ought to be a priority... any thoughts? the 6% that I am currently at is the minimum to get the full company match

I served a MNC for 22 years as a seniour engineer & I opted for voluntary retirement on the basis of my health & medical certificates also submitted. In responce to my voluntry retirement application the company served me letter of resignation. They are paying me 15 days gratuity. I hv 200 days earned leaves(Including 30 days compansatory Leaves) and they are giving 90 days. I hv been contributing in Daughter marriage fund Scheme since yr 1988 (50/- PM from Salary) , the company is denying to pay me aything. I worked in this company from 1987 nov to nov,2009. Can I sue?

The baby boomers are nearing retirement age. Social Security and Medicare funds are getting low. The only way to satisfactorily to pay for it all is to raise taxes. A lot of taxes. Congress and the president can't reduce the benefits by much because all the baby boomers and older Americans are pretty faithful about voting. So if any congressman wants to stay in office he better not vote to reduce benefits too much.

When my husband and I got married, I had NO debt and he already had a high debt load. We have used up all my savings in support of paying his bills. Now that he's gotten a higher paying job, he is blowing all his money on buying random things which add up. Presents to his entire side of the family, big nights out, electronic gadgets, etc. We still have no savings. How do I get him to understand that we need to discuss big purchases (e.g. he's just spent US$ 2,000 on buying presents for HIS family) and that we need to start saving??? He thinks that we can dip into our retirement fund whenever he feels like it. ARGH!

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?

...my retirement is fully funded, and I don’t have to pay taxes for the rest of my life? Awesome! Congressman Slaughter may begin a new trend in America! What a great idea! Why didn’t I think of this before? It is so easy.

Cities are broke because of the Bush economy. Once again citizens are making bad choices by not investing in their future. The bad news is that many of them are selling buildings (Cincinatti wants to sell City Hall), cut salaries of government workers, or reduce other higher-paid retirement funds. The good news is that many cities are devising property tax increases, sales tax increases, and new utility bill fees. What other mechanisms will make this possible for governments to keep operating? But the people (thats you) are the government. So you are responsible for this mess.

All I hear is that they oppose individuals opting to build their own retirement or disability fund, so what is your fix- raising fica taxes continually? or raising retirement age? at least GOP has offered proposals

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?

Why should I buy another Mac? I have owned an ibook G4 for 6 years, and it has worked well, never had a virus. But I’m tired of never being able to get software for a Mac, never getting Hulu, always several years late on Quicken, etc. and not being able to access sites like my bank or retirement fund, because their encryption won’t recognize apple’s safari or firefox version. When I can get a Dell or HP for half the cost of a new apple laptop, why should I stay with Mac??

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)?

Or do you have a good pension or savings and investments fund? Millions of Britons are apparently gambling with their future by hoping for a lottery win or an inheritance to fund their retirement a study of 3000 people carried out by Skandia has shown.

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.

I'm beginning to question just how important it is to live a life where you work, go home, sleep, then go to work again. After all, the dollar is about to collapse so that means retirement funds are essentially no good. I'm starting to think, maybe I should just say screw it, quit work, leave the materialistic lifestyle, and go travel around the world and have as much fun as I can. Can anybody recommend books and websites that talk about how to travel cheap and indefinitely? For example staying in hostels and what type of jobs you can work along the way, and how to get those jobs?

Hi, My tax filing status is Married filing Jointly. I have a non-working spouse. I have an employer provided retirement plan (401K) which I contributed approx 5000$ to. I also funded another Roth IRA for another 5000$. Given the 401K contribution and the Roth IRA contribution, can i contribute to a spousal IRA for 2009? Our combined wages are less than 88000$. How much can I contribute and what portion thereof would be deductible? I am assuming I can contribute until April 15th. Please let me know Thank you. Thanks for the answers!.. This helps a lot. Can I file my return (and claim the spousal IRA deduction ) before I actually oepn &fund the IRA account? I will be funding the IRA before April 15th but I was curious if can actually file the return & claim the deduction before that with the expressed "intention" to open the IRA before April 15th. Thx in advance.

A 22 year old female is trying to decide between two options: 1. She works for the next 3 years, lives with her parents, and puts all of the money she makes (about $30,000 a year) into a mutual fund, giving her an estimated $107,000 or so at 9% by age 25, when she would start college (paid for by her parents). If she graduated in 4 years, she would be about 29 when she got a bachelor's degree, and due to shy personality traits, might not bring in much more than $40,000-$50,000 annually, of which she would continue to contribute at least $10,000 a year to the $107,000, with an aim of it growing to millions by retirement. Option 2: She goes straight to college now at age 22, graduating with a bachelor's degree by age 26, not investing a penny (focusing on school work) until age 26. She can go to either graduate or medical school from here, giving her a much bigger income by age 30, but postponing investing by about 10 years (from 21 to 30). While medical school would enable her to rival the investing, she could have hundreds of thousands of dollars of student loan debt to pay off before any comparable investing could start. Or, instead of graduate school, she can start working with her bachelor's degree and investing what she can, but she missed the extra years of it growing from 22 to 30. Here are the main issues: Rather than it being just a numbers game with the money, it seems like women have a shelf life that is shorter than men's. In other words, if she were to postpone college (which she's already behind on) for another 3 years while investing money and living with her parents, she's missing the years between 20 and 25 in which she could hang out with a new social group, have people over (either to her dorm or to an apartment her parents helped with for college), etc. I guess the main questions for guys are these: How much is a woman's youth worth to you? Would you rather meet a 25 year old woman who's starting college but already has money saved up, or would you rather meet a 21 year old woman when you're both in college? Would she be more likely to kick herself for not having $100,000 saved up by age 25, or for not starting college until 25? Thanks. She doesn't want kids ever, so that's not even a factor in the equation. Trying to study and work at the same time is a bad idea in this situation, especially if graduate school or medical school is in the picture, because grades would need to be top notch and stress would need to be at a bare minimum, as classwork would be stressful enough entering nearly 4 years late, having forgotten things, etc. The only way working and going to college simultaneously would work would be for a bachelor's only, which wouldn't require a certain GPA for a good graduate or medical school. And, as you said, just a bachelor's combined with shyness is not a pretty money picture.

After my bills I have left over money, I am renting a apartment so I need to put a percentage of money towards several things I know there are percentages out there. I need to put money towards a down payment, emergency fund, I work for a place that puts my money in a retirement and after I retire I will make around 65% of my current pay, but I would like to put money into a already established Roth IRA. All suggestions would be great, thank you

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 am a 25 year old Female who lives on her own in the Caribbean. I moved out of my parents home 7 months ago mainly because we did not own our own home and we had to move from where we were living and we could not find an affordable place that would facilitate my younger sister and I along with my parents. So I moved into an apartment with my at the time boyfriend. Because my parents are both retired and did not manage well for their retirement, I now have to assist their living which I have no problem, only that I cant afford to support two households at the same time. I really enjoy my quiet time and space, but I can no longer affor to save as my ex boyfriend moved out and I now have to pay rent alone. I have searched for cheaper places but it will continue to be hard to fund myself and my parents. My sister currently has two kids and her salary barely covers her and her kids needs so things are really tough for them.....Im beginning to feel really down and out because I am left with almost no money every month and cant save. I need to save for certain things this year and am depressed as I have not seen the way to do such...we are already in March. I want to move back in, but there is no room for me really. There are 2 bedrooms only. My parents are begging for me to come back, but I wont have my privacy as before. I will have to share with them. I cant imagine that.Im looking for a place for all of us, but its hard. What do you all think I should do? Im torn between my happiness and everyone;s as a whole. I'm venting here cus I cant really talk about it with anyone else.

and other public retirement funds. Does the public retirement funds include military retired pay? If the information is correct, why would seniors receiving those checks even bother filing for bankruptcy? Please explain.

My husband and I are both 22, we are both graduating from college and can no longer keep our student jobs. We are moving to another city and looking for work, we aren't expecting to make much money initially because we have BA's. We might even just get two part-time jobs each to begin with. We have $29,000 in student loan debt. If we pay that off in five years, we will only be paying $5,000 in interest. With a ten-year plan, we would be paying about $11,000. Needless to say, we are going to try pay the debt off in five years. We don't currently have an adequate emergency savings and would like to buy a house in a few years. I have a plan to save $20,000 in three years for a down payment on a home (I live in TX, you can find a perfectly good home for $100-150k) which will also serve as our emergency savings during that three year period. In order to follow this plan, we will need to be making a combined $38,000 a year, which is not a lot. We are used to living thrifty and the cost of living in our state is very low. However, if we are splitting our extra money between an emergency/house fund and student loan debt, we won't have money to put towards retirement. Should we wait until we find full-time jobs to begin saving for retirement? Should we wait three years until we get a home? Or should we pay our student loans off more slowly in order to save for retirement? Planning for retirement at 25 sounds pretty good to me, but I'm no financial guru. Thanks!

And how is this effecting Obama's decision making? Excerpts: Unions have been the fiercest proponents of the Obamacare have been the Unions. Andy Stern, head of the SEIU has been to the White House more than any other visitor. Some commentators have reported that's Stern's constant trips to the White House is due to his participation in reviewing the basic components of the health care bills as they are developed by the houses of congress. Why is this particular legislation so important to the unions? Because the unions pensions plans are woefully underfunded. The hope is once Obamacare is passed union workers will eventually be shoved over to the co-ops (or an eventual government option), freeing up union cash to help with the pension program. As of this very moment the administration is working on a plan to give preference to Union Shops for ALL federal contracts. The proposal, dubbed the “High Road Contracting Policy,” was first reported by The Daily Caller in early February. According to multiple sources familiar with the discussions, the proposal would give preference to government contractors that pay their hourly workers a “living wage” and provide additional benefits such as health insurance, employer-funded retirement plans and paid sick leave. In other words, they will be "cutting out" the non-union shops and raising the price of jobs, and increasing the federal deficit. In your opinion, is Obama being used as a catalyst to cover up for the union bosses and their poor judgment and are we as tax payers going to get stuck picking up the tab? Here is the article along with a list of 108 union plans that aren't looking too hot: http://yidwithlid.blogspot.com/2010/03/how-coming-union-pension-plan-collapse.html

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.

who are on Social Security. How did we get to be so called criminals in the first place? To all the young people out there footing the bill for Social Security. Lets put the blame where it is due. Q.Who introduced Social Security in the first place. A, Franklin Roosevelt (FICA). A democrat . He promised participation would be completely voluntary. ( of course you couldn't get retirement benefits, if you did not participate) . No Longer Voluntary. participants only would pay 1% of the first $1,400 of their annual incomes. Now we pay 7.65% and employee pays same amount. that the money participants elected to put into program would be deductible from their income each year. No longer tax deductible. the money that participants put in would go into Independent trust fund and not into the general trust fund and would only be used for Social Security retirement program and no other government program. until Johnson ( Democrat ) . Money was moved into General Fund and spent. That the annuity funds would never be taxed as income. Under Clinton and Gore (Democrats). Up to 85 % can be taxed. Can you answer the following: Which party started taxing Social Security annuities A. The Democratic party with Al Gore casting the tie breaking vote as President of the Senate, while he was vice president. Q.Which party started to give annuity payments to immigrants A .Jimmy Carter and the Democratic party.they can collect , even if they never paid in a dime to it. Then after violating all the contracts dealing with social security , the Democrats tell you that republicans want to take away your Social Security. and the uninformed BELIEVE IT! Maybe if enough people know the truth , things will change. or maybe not , some Democrats are awfully sure of what isn't so. When Social Security was started, all money was to be invested to draw interest, and that money was suppose to be reinvested etc. and all kept in Social Security fund that way all the money I put in would be there when I retired, and make up for inflation. That way all money put in today would be going to the people who are putting their money in now. Social Security would never go broke and it would pay forever. If the plan was voluntary the only people able to collect would be the people that put their money in , in the first place. I feel sorry for the young people of today , they have every reason to be angry. They will pay in , but will they be able to collect? Please don be angry at the Seniors as they were used just as you are now.