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Comments to date: 3. Page 1 of 1.

lj876420 Location unknown	11:31pm on Monday, May 5th, 2008
Trying to sell investment prop. in a short sale. Can my IRA be forced to be liquidated? 401K? I also have another mortgage on my credit report for an inv. prop. that is being held in an LLC. Can they force me to sell that home even though it has ve... read more »
Mom of 2 great bo Location unknown	9:04am on Thursday, July 26th, 2007
What is the difference between a 401K and a 403B? Is there a difference? Please explain in Taxes for dummy form. I have no clue what this all means. All I know, is that I get money taken out, and build a savings. lol Oh, and when I leave my cu... read more »
Holy Pocke Location unknown	11:13am on Monday, March 5th, 2007
What can I do to lower my taxes? My taxes last year were over 3 thousand dollars. Best answer: Contribute as much as allowable to an IRA. Do you own your own home? Mortgage Interest is most of the time deductible. Spend more money on things which... read more »

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SIMPLE Retirement Account

SIMPLE Retirement Account (SRA) Merrill Lynch Wealth Management's savings incentive match plan for employees (SIMPLE) retirement account (SRA) ...

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Voting Question: Australia's Superannuation Fund? (Mon, 30 Aug 2010 10:01:57 GMT)

Hello, I'm migrating to Australia from a country where 'tax', 'duties', and 'superannuation' are dull and absurd words. While I've tried to familiarise myself with these concepts to some extend and how they are applied, I still need some guidance in simple words. Please briefly explain: 1/ What is a superannuation fund? (in Australia) 2/ Who will set up the account? Employer or employee? 3/ Can employers transfer the retirement benefit to any funding agency? or only to agencies whom they ar

Resolved Question: 401k rollover - how open IRA with 401k Check? (Tue, 10 Aug 2010 04:11:28 GMT)

Hello, Could some experts give me a simple direction in rolling over my 401k. Here is the scenario. I left the my old employer few years ago and the employer's 401K org issued a check in my financial institution's name stating FBO my name The check says "MY-FINANCIAL-INSTITUTION FBO MY-NAME" So Do I open a regular IRA account and deposit the check I received? I called up the back and I do not understand any of the financial jargon they use. What I simply want to do is put this money in

Resolved Question: What is a good household budget? (Tue, 06 Jul 2010 12:14:35 GMT)

Does anyone know a simple online budget, or maybe budgeting software? I really need to get myself on a budget and start saving some money. I am 45 years old and have $1.50 to my name and that is not an exaggeration or a typo. No savings, no retirement fund, no nothing. Just $1.50 in my checking account. I've been living like this for years and it's just too stressful. I make decent money, but I SUCK at budgeting. Thanks for your help.

Resolved Question: What should the ratio of equities to fixed income be for the retirement account of a person age 30? and age 60? (Mon, 14 Jun 2010 03:12:36 GMT)

I'd like to clarify the wording I used in my question. When I say equities, I'm basically saying stocks. When I say fixed income, I'm basically saying bonds. If it's not that simple, let me know! Also, for the purposes of this question, please assume that the equities in the retirement account are very well-diversified. Thanks!

Voting Question: I need help with this economics problems? Asap! please help!? (Fri, 11 Jun 2010 16:32:59 GMT)

1. A broadband company borrowed $1 million for new equipment and repaid the principle of the loan plus $200,000 interest after 1 year. What was the interest rate of the loan? 2. How long will it take for an investment to triple at 5% per year (a) simple interest and (b) compound interest? 3. Use the "rule of 72" to estimate the time it would take for an initial investment of $500,000 to accumulate to $1,000,000 at a compound rate of 12% per year. 4. Find the correct numerical

Resolved Question: Easy 7th grade math student question? (Sun, 02 May 2010 05:04:24 GMT)

lol so im a sophomore in high school and my 7th grade sister asked me for help on her math homeowork. I got one answer but she is so sure that shes right..lol... Here is the problem: At age 20, Matthew invested $500 in a retirement account with a simple interest rate of 6.5%. He doesn't take anything out of it or add anyting to it. Find the account value when he turns 65 years old. I got $846.05...but my younger sister got $1962.50... lol i feel like i should know this but i havn't done i

Resolved Question: Simple question about saving for retirement? (Sun, 25 Apr 2010 03:26:23 GMT)

I watch the Suze Orman and Dave Ramsey shows, and they always say how if you put a little bit of money per month into a retirement account you will have a ton of money in 20 years or so. I am self employed so I would have to use a Roth IRA. Here is my question though, an IRA is just like investing in the stock market but tax free, so there is no guarantee that you would make money? Also when I called TD Ameritrade and Bank of America, they say it is up to me to figure out which mutual funds

Resolved Question: Suppose I punch out my soon to be ex-boss.? (Mon, 19 Apr 2010 05:05:03 GMT)

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 $807'000.00 a year (Actually direct deposits monthly.) Also a secluded beach house in the Hawaiian islands as my perma

Resolved Question: What is the best Thai bank account for this situation? (Sun, 18 Apr 2010 20:19:36 GMT)

In my continuing effort to acquire a Thai Retirement Visa (O-A visa) I will have to deposit money into a Thai bank. My intention is to just park this money in a bank and not touch it, so that it will always be there when I need to document that I have it. The only reason I would touch it is if I am going to leave the country. What do you think is the best bank and best and safest type of account for me? I'm not concerned about earning interest on this money. I am a simpleton at heart, so

Voting Question: If I put $1000 into a savings account...? (Fri, 09 Apr 2010 03:17:53 GMT)

So today my friend told me that she put $1000 into a savings account. She said that if you put $1000 in a savings account and leave it in there until retirement it would increase to $1,000,000. I thought this was really naive because if it was that simple everyone would know about this and do it, right? That can't be true can it? She insited that she learned it in a financing class but it seems wrong to me. What do you think? :/

Resolved Question: Living with a bipolar husband for 15 yrs? (Sat, 27 Mar 2010 23:55:51 GMT)

I am asking this question for my niece ; because she doesn't have a account ; OK Here the situation . She is 58 and he is 59 I call her Louise So Louise took her retirement 2 yrs ago and money is not a problem ; but her husband who is bipolar with psychotic episode [ he is under strong medication and they cannot reduce his medication ] because he is violent ; so Louise as to take care of everything ; from the simple task to the biggest one . I saw her last week and it appeared to me th

Voting Question: 401k hardship withdrawal hick-up? (Wed, 17 Mar 2010 02:04:38 GMT)

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% interes

Resolved Question: Suppose I punch out my soon to be ex-boss (You MUST see additional details to understand situation)? (Fri, 05 Mar 2010 07:38:42 GMT)

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 r

Resolved Question: Ex Boss????????????????? (Thu, 04 Mar 2010 21:55:21 GMT)

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 r

Resolved Question: Simple Differential Equation word problem? (Sun, 10 Jan 2010 13:32:16 GMT)

A young person with no initial capital invests k dollars per year in a retirement account at a rate of return 0.08. Assume that investments are made continuously and that the return is compounded continuously. (a) Write a differential equation which models the rate of change of the sum S(t) with t in years. (b) Use part (a) to determine a formula for the sum S(t) - (this will involve the parameter k): (c) What value of k will provide 3 035 000 dollars in 44 years? ****For part (b), I tho

Resolved Question: How do Roth IRAs for minors work? (Thu, 07 Jan 2010 22:20:33 GMT)

I don't completely understand exactly how they work at all, to be honest. But my math teacher recently showed us that contributing a couple thousand dollars a year every year for about 10 years at least 40 years before retiring could end up giving you over a million dollars upon retirement. Now, I see it's not quite so simple. I have several questions.... 1) Do taxes play any part in Roth IRAs? Or is it just you deposit, watch it grow by the rate, and then withdraw the exact amount? 2) Can a

Resolved Question: How should be pre-nuptial be done? (Wed, 06 Jan 2010 04:45:45 GMT)

Mine is pretty simple. I love the guy, but yet I dont want to risk losing my house, which i acquired on my own before we met. He owns a tax/accounting business and I am thinking to protect the house i bought for my parents, I will be upfront and get an attorney to write up a prenuptial. My assets before marriage is: 1. My Property (which I bought for my parents and will be using my own income to pay mortgage) 2. My Car 3. My 401k Retirement He owns just: His tax office w/ about 500 clients t

Resolved Question: How do I get a legal pre-nuptial done before marriage? (Wed, 06 Jan 2010 04:44:46 GMT)

Resolved Question: In desperate need of financial literacy homework help? (Sat, 05 Dec 2009 02:36:37 GMT)

Ok so I have been trying to do these problems for a couple hours now, and I still can't figure them out. Please help and give as much detail in your answers as possible so I can understand it. Thank you! Herman and Grace Rohrbach are in their mid-thirties. They are reasonably well off financially insofar as Grace's mother has established a trust fund to educate their two children. The Rohrbachs lead rather simple lives and have no desires for lavish spending. However, they do face one major f

Resolved Question: ECONOMICS HELP OUT. thanks? (Tue, 03 Nov 2009 23:29:05 GMT)

As part of the nation's recovery from the Great Depression of the 1930s, the banking system was reformed in which of the following ways? * The government paid off loans for large corporations. * The Federal Reserve Banks were closed. * Banks were deregulated by the government. * The banking system was taken off the gold standard. 2. What is the difference between simple and compound interest? * Simple interest is paid as long as the money stays in the bank; compound interest is only paid fo

Resolved Question: help... with this;]]? (Tue, 03 Nov 2009 23:13:18 GMT)

. As part of the nation's recovery from the Great Depression of the 1930s, the banking system was reformed in which of the following ways? * The government paid off loans for large corporations. * The Federal Reserve Banks were closed. * Banks were deregulated by the government. * The banking system was taken off the gold standard. 2. What is the difference between simple and compound interest? * Simple interest is paid as long as the money stays in the bank; compound interest is only paid

Resolved Question: No COLA for SSA recipients in 2010 or 2011? (Tue, 25 Aug 2009 01:05:18 GMT)

(COLA is cost of living adjustment it's a yearly raise for Social Security beneficiaries to account for inflation and expecting bills to go up for the new year as well.) This is the worst time of the economy to do this.....the bills in 2010 and 2011 will still go up but now their income won't. They claim that they make up with it with a one-time $250.00 payment in 2009 (2010 for some). How about suspending the COLA for members of Congress (who by the way vote yes every year to give themselv

Resolved Question: Can The Law Help A Father? (Thu, 23 Jul 2009 16:19:01 GMT)

I feel like crap. Child support and child care are taking weekly money from my check. I don't have enough left over to live on my own. Can you believe I don't have enough left over to even rent a room? I am tired, angry and confused. My ex-wife, for reasons unknown, has decided to take my son from me. She's getting all my money and I don't see the child. How about that? I miss my son dearly. I don't want to fight my ex-wife in a courtroom. There is no reason for this behavior. It

Resolved Question: My Ex-Wife Trying to Do Me In? (Thu, 23 Jul 2009 16:17:12 GMT)

Resolved Question: A Dad in Total Distress? (Thu, 23 Jul 2009 16:15:10 GMT)

Resolved Question: combined interest math problem!? (Wed, 08 Jul 2009 15:03:56 GMT)

Alan invests some of his retirement savings in a fund earning 6% simple interest and invests twice as much in a fund earning 9% simple interest. If he earns $480 combined interest on the accounts, how much does he have in the 6% account?

Resolved Question: Obama wants to tax and spend tax and spend. Can you do this at home and spend more than you make? (Wed, 08 Jul 2009 13:18:05 GMT)

If most people are feeling the pinch who work , how much more can the average American absorb. The government has pushed us to the limit and now can not account for the last stimulus package and now all that we have done is increased the size and scope of government plain and simple, Unemployment is now increased and there are no signs of things improving. Cap and Trade will build a commodity for wall street and not do a thing to curb C02, All that it is meant to do is tax, plain and simple. W

Voting Question: Investment Math Word Problem... Simple Interest? (Mon, 06 Jul 2009 16:19:47 GMT)

Brandon invests some of his retirement savings in a fund earning 7% simple interest and invests twice as much in a fund earning 9% simple interest. If he earns $550 combined interest on the accounts, how much does he have in the 7% account?

Resolved Question: How much did he invest in each type of account? (Mon, 29 Jun 2009 17:45:58 GMT)

Retirement Fund Investment. Jim Jacobs decided to invest $18,000 of his retirement fund conservatively. He invested part of this money in a certificate of deposit that pays 3.5% simple interest and part in a fixed interest account that pays 2.2% simple interest. Last year he earned $552 in interest? How much did he invest in each type of account?

Resolved Question: How do you solve these math word problems? Explain.? (Tue, 09 Jun 2009 02:10:03 GMT)

Mr. Bloop deposited 13% of his monthly pay in a fixed-rate retirement account. The account pays 3.5% simple interest each year. How much money will he have in the account after two years if his monthly salary is $2,900? If a person cuts a 5 inch long piece of paper into 1/5 inch segments and also cuts a 7 cm long piece of paper into 1 mm segments, what will be the difference in the number of cuts made to each piece of paper? Maryville Elementary School orders milk in the ratio of 2 pints o

Resolved Question: please pleaseee help with Consumer Math B Final!! I need this grade!! please!!! part 2? (Fri, 29 May 2009 16:29:58 GMT)

26. When your credit score is poor, your mortgage interest rate will be: (1 point) Higher Lower 27. A revolving credit account where the cardholder must pay the full account balance each month is called what? (1 point) a charge card a debit card a credit card a gift card 28. In a list of numbers placed in numerical order, the middle number is called what? (1 point) the average the median the difference the total 29. A FREE warranty from an automobile manufacturer that covers any and

Resolved Question: Im confused and have a question about IRA accounts? (Fri, 22 May 2009 21:29:47 GMT)

I want to invest money for retirement but im not sure how an IRA or roth IRA account works. Do you have to invest in something with risk or is there no risk? How do the bonds and money market and all those types of accounts work that you have to pick to invest in. It seems simple but i just don't really understand that well thanks for the help.

Resolved Question: HELP WITH simple interest MATH HOMEWORK!~ PLZ ANSWER BY 7:00pm by MARYLAND TIME (EASTERN COAST)? (Tue, 12 May 2009 22:17:04 GMT)

1) Kelli Rae's inheritence from her great-grandmother was $220,000 after taxes. If Kelli Rae invests this money in a savings account that earns $18,260 in simple interest every year, what is the interest rate on her account? 2) Mr. Pham has $410,000 in a retirement account that earns 3.85% simple interest each year. Find the amount earned each year by this investement. SO....7th grade math is awful. im not exactly asking for the answers straight out, im asking for u to explain it and maybe g

Resolved Question: Is it a turnoff to women if a guy needs to trim his eyebrows regularly? (Wed, 08 Apr 2009 21:26:38 GMT)

I have a really bad problem. I used to have very bad ocd. I would pull my eyebrows out.For the longest time I had very few eyebrows. Well I worked very hard and forced myself to leave them alone. When they grew back the hairs did not grow in their normal pattern. It is hard to explain what I really mean so here is an example. Look at the after pics, not before pics. http://www.foundhair.com/photoGallery/EyeBrowEyelash_5_13.asp If I don't trim them, the hairs get super weird. Some get really

Resolved Question: Have to do a 100 economic problems!Need help with some please!As much info as possible is really appreciated!? (Fri, 03 Apr 2009 13:44:11 GMT)

Have to do a 100 economic problems!Need help with some please!As much info as possible is really appreciated!? (Find all dollar amounts correct to the nearest cent. When an interest rate is requested as an answer, express the rate as a percentage, correct to two decimals) 1. If you borrow $3,000 at 14% simple interest for 10months, how much will you owe in 10months? How much interest will you pay? 2. Grandparents deposited $6,000 into a grandchild's account toward a college education. How much

Voting Question: please help me with this finance problem? (Fri, 27 Mar 2009 01:43:47 GMT)

Herman and Grace Rohrbach are in their mid thirties. They are reasonably well off financially insofar as Grace's mother has established a trust fund to educate their two children, Barbara and Frances. The Rohrbachs lead rather simple lives and have no desires for lavish spending. However, they do face one major financial challenge: how to have sufficient resources in their retirement years. Herman owns his own camera shop and Grace has no employment income, although she often works in Herm

Resolved Question: The conservative solution to job losses? The road to recovery? (Tue, 17 Feb 2009 20:45:15 GMT)

Is it fair to say that if we get government out of things and let the market work itself out that there would be more job loss for a bit but in the end we would be a stronger nation?? and is the below a fair assesment? Did I miss anything Is this a very, very, very simple explanation of the conservative way? 1.cut government spending. If you want a compromise that would be it – leave taxes alone don’t cut them fine but cut government spending by 10% and well the road to recovery will beg

Resolved Question: Do retired parents in India need to pay tax ? ? (Tue, 27 Jan 2009 18:04:58 GMT)

My parents are retired and have no income (they have savings accounts)...do they need to pay tax in India ? They have a house (passed down from my fathers father)...and they live there. Do not have much expense since they seem to have a very simple life style. When they do need money, they use their savings. They have not paid taxes since 2003 (when they retired)...is this a fraud ? They do not get any retirement pension or anything like that...they just have been saving their whole lives

Resolved Question: Can we qualify to buy a house? how much? (Fri, 16 Jan 2009 00:10:58 GMT)

Credit: 710-Mine 750-His NO negatives Income: $51,000 My fiancé works for a delivery company and in May he will have worked there for 1 year. I would say in the next 6-9 months he plans on buying his own delivery truck and becoming part owner on the company. Before he worked for a Sports Retail Store for 3 years. I work for a construction company and in May I also will have been with the same company for 1 year. I am an hourly employee. I finished school f

Resolved Question: Can we purchase a home? (Thu, 15 Jan 2009 21:19:38 GMT)

Credit: 710-Mine 750-His NO negatives Income: $51,000 My fiancé works for a delivery company and in May he will have worked there for 1 year. He is a 10 99’d employee. I would say in the next 6-9 months he plans on buying his own delivery truck and becoming part owner on the company. Before he worked for a Sports Retail Store for 3 years. I work for a construction company and in May I also will have been with the same company for 1 year. I am an hourly em

Resolved Question: Can we qualify to buy a home? how much? (Thu, 15 Jan 2009 20:36:12 GMT)

Resolved Question: Can we be Pre-Approved? How much? (Thu, 15 Jan 2009 19:08:48 GMT)

Voting Question: What is best plan to privatize social security? (Mon, 12 Jan 2009 20:54:27 GMT)

My plan is simple: establish individual account similar to IRA for everyone who has Social Security. Deposit T-bonds into such account based on expected lifetime payouts less expected contributions, adjusted for 5% interest rate. It will be just a transfer of balance of Social Security administration to individual participants. Since everyone will take a significant hit in value (because it would be effectively liquidation of bankrupt Ponzi scheme) throw in extra. Which extra? The $350 bil

Resolved Question: 1) 19 is 95% of what? (Mon, 12 Jan 2009 00:48:03 GMT)

2) The ratio of the length of a side of one square is 3:4. A side off the smallest square is 9 cm. Find the length of a side of the larger square. 3) You invest $500 for three years and receive $60 in simple interest. What is the annual interest rate? Use the formula for simple interest l=p*r*t, where l is the interest, p is the principal, r is the annual interest rate and t is the time in years. 3) Suppose a person contributes 6% of her salary to her retirement account. She works 20 hour

Resolved Question: What do you all make of this then, 1 year on and things have got worse.? (Mon, 10 Nov 2008 13:57:42 GMT)

Britons have worst state pension in EUBy SEAN POULTER Last updated at 22:08 12 November 2007 ( Daily Mail ) Millions of Britons are being condemned to poverty in old age by the worst state pension in the EU, a study shows. The basic state pension of £90 a week is equivalent to just 16 per cent of the average wage, it found. This figure rises to 30 per cent once pension payments related to earnings are taken into account. But this is still only half the EU average of 60 per cent, the financ

Resolved Question: Investment Problem and Mixture Problem... PLEASE HELP? (Thu, 06 Nov 2008 06:26:48 GMT)

Someone Please answer and show work if you can. It will help me learn this stuff better. 1.) Christopher Duncan invested a portion of $16,000 in a money-market account earning 9% annual simple interest and the remainder in a retirement account at 10% annual simple interest. The two investments earn $1500 in interest annually. How much was invested in each account? 2.) Ten cups of a restaurant's house italian dressing is made up by blending olive oil costing $1.80 per cup with vinegar that co

Resolved Question: Algebra II, Money Mixture Problem Help? (Sat, 25 Oct 2008 02:33:24 GMT)

Alan invests some of his retirement savings in a fund earning 4% simple interest and invests twice as much in a fund earning 6% simple interest. If he earns $304 combined interest on the accounts, how much does he have in the 4% account?

Resolved Question: Algebra II Question Money MIxture Problem? (Sat, 25 Oct 2008 00:30:21 GMT)

Resolved Question: What are my limits on contributing to all the retirement plans available to me combined? (Sat, 04 Oct 2008 20:36:50 GMT)

I would like to contribute to an IRA, a 401k, a 403b, a SEP plan, a SIMPLE plan, and a Keogh plan, through multiple businesses and employments. So I would like to know what is the maximum contribution using the combination of all of these accounts that I can make per year and which accounts are additive. Thank you.

Resolved Question: can you liberals please explain this to me? (Sat, 02 Dec 2006 02:09:00 GMT)

Is the Reagan Era Officially Over? Sen. Chuck Schumer has called the recent Democratic takeover of Congress the end of the Reagan era. Friday, December 1, 2006 Star Parker - Scripps Howard News Service Sen. Chuck Schumer has called the recent Democratic takeover of Congress the end of the Reagan era. If we believe a red flag that the Wall Street Journal has run up about a possible Republican capitulation with the new Democratic majority on Social Security reform, our own Republican preside

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