I hired a month-by-month financial adviser last year after my divorce to help me get things in order. The guy I worked with left the company last year on May 13. He called me yesterday, 366 days after he left from his new gig wanting me to be his client again. (non-compete plus 1)
That's when things got weird.
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posted by bricksNmortar
on May 15, 2013 -
8 answers
How can I determine the hidden fees associated with my employee 401k through Prudential?
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posted by taltalim
on May 8, 2013 -
6 answers
I have been getting started with Vanguard, but spoke with an investment adviser today, and it all just seemed so much easier. I've spent hours trying to figure out what kinds of accounts to open, which offer tax deductions, what kind of investments to make, etc. It seems really tempting to just let someone handle this all for me, but I feel like I've never heard from people who are satisfied doing it that way. Countless articles I have read on the subject always make it sounds like someone is a sucker for paying higher management fees.
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posted by imabanana
on Apr 5, 2013 -
11 answers
I know I should be talking to an financial planner/adviser about this, and I will do, but... I am British. I'm going to be living and working in the U.S. for somewhere between one and three years. I will probably return to the UK afterwards, but there is a chance I will stay in the U.S. forever. I would rate that chance at about 50/50. I would like to save a fraction of my income while in the U.S., and I would like those savings to grow. I would like to retain at least the possibility of suddenly withdrawing them if and when I leave the U.S. I understand there will be fees and taxes involved in such a withdrawal, but I would of course like to minimize them. And I would like to balance this possibility against the possibility that I will be staying forever, and should make a start on saving for retirement.
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posted by caek
on Mar 25, 2013 -
4 answers
I know that I can still contribute to my IRA account for 2012; can I still make catch-up contributions to my 401K for last year?
posted by coldhotel
on Mar 24, 2013 -
3 answers
I recently rolled over my old 401K and Roth accounts through an old employer and held by ADP. Throughout the process, I was told the only fee would be the $50 "account transfer fee". But when the checks arrived half of my money was missing!
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posted by iheijoushin
on Mar 11, 2013 -
8 answers
Can someone talk me out of raiding my 401K to pay off an exorbitant level of credit card debt?
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posted by anonymous
on Dec 27, 2012 -
41 answers
I know timing the market is stupid. My previous attempts at it have never worked out in my favor. My 401K is all index funds. However, with the possibility of Congress going over the 'Fiscal Cliff," it is a horrible idea to go all cash until they get it sorted out?
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posted by COD
on Dec 4, 2012 -
23 answers
How high was your gross income when you felt able to make the maximum contribution to your 401(k)/403(b)? Is contributing close to half of my already modest income a bad idea?
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posted by anonymous
on Nov 9, 2012 -
15 answers
Trying to decide where to put our money. Wife changed her job. Should we roll her investments into her current new 401K company Charles Schwab for convenience or into Vanguard? We are interested in investing in Index Funds for the long term.
posted by damiano99
on Nov 8, 2012 -
13 answers
I have lost my job, and I want to use some of the money in my 401k to pay my bills, but not all of it. I would like some details about the next steps, if you have experience with this.
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posted by anonymous
on Sep 27, 2012 -
20 answers
If an employer offers 100% match on retirement investing up to a certain percent of salary, and then 50% on a certain percentage above that, does it make economic sense to invest all the way through the 50% match, or stop with the 100% match and invest the rest somewhere else?
posted by nicapica68
on Jul 31, 2012 -
24 answers
Is it worth it to contribute to my small company's John Hancock 401K, given the high expense ratios and no employee match?
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posted by anonymous
on Jul 21, 2012 -
6 answers
My 401(k) has changed - any financial gurus able to explain how I am going to be affected?
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posted by erstwhile
on Jun 15, 2012 -
9 answers
Need to pay off upcoming credit card bill. Can I use any of my retirement accounts to pay them off without incurring any fees?
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posted by AngryTypingGuy
on Jun 11, 2012 -
5 answers
Grandpa died and left my mother his 401k. We can't find the money and the companies he's worked for can't seem to help. Are we missing something in our search?
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posted by youandiandaflame
on May 12, 2012 -
13 answers
I need help deciding the benefit of a 401k and a free masters degree for a software engineer who likes his current job but is hearing the siren's song from the private sector.
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posted by anonymous
on Apr 3, 2012 -
6 answers
I currently live in a shady neighborhood on the South Side of Chicago. I call the police at least once a week. I also have a 50 mile commute
through the city. We want to move closer to my work sooner rather than later. After almost 2 years of unemployment that wiped us out financially, we're back on our feet, but savings is in rough shape. I have a 401k from my previous employer with about 30K in it, and I'm wondering if there is any sensible way to use the money in the 401k as a down payment so that we can buy, rather than rent. Making payments won't be a problem, just the down payment. We intend to stay in the new place for many years, and I really, really hate moving, so I'd rather not move this year into a rental, and then do it again in a year or two.
posted by Morydd
on Mar 22, 2012 -
9 answers
Asking for a friend: If I liquidate my 401k, will the IRS take the money for back child support? How about for student loans?
posted by rockhopper
on Feb 3, 2012 -
6 answers
I don't know know anything about saving for retirement other than that you're supposed to do it. I've been trying to educate myself by reading blogs like Get Rich Slowly, but I'm still confused about what I should be doing (if anything) beyond my 401k.
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posted by anonymous
on Sep 18, 2011 -
6 answers
Given that I hope to go to grad school in the next two years, should I fund a 401(k) before then?
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posted by andrewesque
on Sep 14, 2011 -
20 answers
How to get 401K money back from former employer when you also need good recommendation from them during your job search?
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posted by anonymous
on Sep 6, 2011 -
25 answers
What is the most prudent way to reallocate one's 401(k) in light of the US downgrade and recent market crash, assuming one has a moderate number of years until retirement and wishes to get a return on investment greater than the typical return of money market funds?
posted by I EAT TAPAS
on Aug 8, 2011 -
5 answers
YANMFA-Filter: Would it benefit me to withdraw my money from my 401K now, or wait?
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posted by sacrifix
on Aug 6, 2011 -
6 answers
What is a reason that a Roth IRA is be better to put money into if I'm not maxing out my 401k?
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posted by elif
on Jun 30, 2011 -
23 answers
I took an early distribution on my 401(k) when I quit my job early this year. After doing some reading on the subject, I found my medical for the year is above the 7.5% threshold. Does this mean my early withdrawal penalty doesn't apply? You are not my accountant inside!
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posted by Mister Fabulous
on Jan 24, 2011 -
6 answers
I'm going to be a part of a due diligence team speaking to the Manhattan financial services firm that manages the retirement plan for a mid-sized company. What should I know before going in? What should I listen for? What should I ask?
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posted by anotherpanacea
on Dec 13, 2010 -
10 answers
Does my employer have to make elective 401(k) contributions for me if they messed up and didn't take any deductions from my paycheck this year? If so, how much? (You are not my HR professional or ERISA lawyer.)
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posted by Duluth?! I Hardly Know Her!
on Aug 2, 2010 -
10 answers
Should Nationwide have charged me a fee to roll over my 401K to my new employer's plan?
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posted by jsturgill
on Jul 7, 2010 -
5 answers
I got laid off, have a 401k (in Fidelity right now) with $100k+ and want to roll it over into an IRA. I would consiter a Roth IRA if I get lucky and find a job this year because of low income so far and spreading taxes over two years. I read here about the following IRA options:
Just put it into a bank...limited options and fees
Put it into a self-directed IRA account with Fidelity for instance.
Find a broker who will help pick investments.
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posted by CodeMonkey
on Jan 12, 2010 -
16 answers
I'm about to leave a startup to go to a different company, and I need some help figuring out how to handle my stock options.
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posted by anonymous
on Nov 17, 2009 -
7 answers
I'm thinking about cashing out my 401k to help start a business. I know I will pay a penalty, and that what I take out will be taxable income, but I expect my business to post a loss the first year that would offset most of (if not all) of this income. Would I still have to pay taxes on all of the 401k money?
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posted by wezelboy
on Oct 1, 2009 -
8 answers
