What's my best bet in moving a Rollover IRA to another bank/brokerage firm with my negative net worth?
I need to know what my options are for moving this thing, given that I have a negative net worth. Can I roll it into another brokerage-style Rollover IRA at a brokerage firm, not a bank, and avoid the money laundering law stuff? Or am I relegated to Bank IRAs until I'm out of school debt? Do I suck it up and take the $75/month hit until I can start depositing money again (I don't know when that will be), and hope that the investments make up the difference in the long run? I haven't lost as much as most in my portfolio, and I know I have time to make up the losses, the monthly fee just seems like an unnecessary loss I should be able to avoid. [more inside]
Am I a Highly Compensated Employee (HCE) with regards to making 401(k) contributions? [more inside]
Seeking fire-and-forget asset class investment advice for retirement: TIPS? Global Equities Index/Wilshire 5000? I know this is mildly controversial, but it seems like the 'common sense' approach has changed lately from "stocks for the long run" to "risk = loss." See especially here. [more inside]
Shot down for 403b employer match b/c I have 999.08, not 1000 hours worked in calendar year 2008. Anything I can do about this?
Is a 457 plan a better way to save for retirement than a 403(b) plan? [more inside]
I inherited an IRA (under 50 K). Because the person who contributed all the money is dead, I am required to take annual distributions. It's currently managed at a big bank, for an annual percentage, plus fees. I'd prefer to have it local, low-cost. Who might offer this, plus managing the distribution, at very low cost? [more inside]
In light of what's happened recently, is starting a retirement plan really worth it? [more inside]
Where is my money doing me, and the world, the most good right now: going into a 401(k), or going into my wallet and getting spent? [more inside]
Does one reduce risk by investing in mutual funds held by different groups? If I invest in an S&P 500 index fund with both Fidelity and Vanguard is that better than just going with Vanguard? Or is the SIPC protection such that I need not worry about such things? [more inside]
I have two retirement accounts and want to know what to do with them, I won't be retiring anytime soon. [more inside]
$10,000 available to borrow from a pension plan, and $10,000 in credit card debt. [more inside]
My partner and I need to pay off some debt, and unfortunately we need to dip into our retirement funds. Our tax accountant is on vacation and we can't find the answer to our question. We have two sources–either sell some stock or cash out a couple of short-term IRA CDs. Which is the lesser of two evils? [more inside]
We are a newly-wed, youngish couple (both 30 years old, both professionals) trying to allocate funds to two different projects: purchasing a first home in a very expensive metropolitan area and saving for retirement. What should we be thinking about as we allocate our savings? [more inside]
30-year investment portfolio which has to start before the end of the year and wants to be left alone afterwards?
If you had a very strong incentive to invest money before the end of the year with a 30-year outlook, and a further strong incentive to not adjust your investment strategy over that timeframe unless absolutely necessary, what kind of portfolio would you assemble? [more inside]
I am trying to figure out how to invest money for retirement and otherwise. I am in my late 20s, earn $55,000 annually, have no debt, and about $90,000 in savings. I am currently putting 5% of my salary into a 403(b) which is the maximum amount my employer will match. [more inside]
We have a house but want another one. Hope to retain ownership of both. Please help us figure out how to accomplish this in the midst of the wild economy without making a huge mistake. [more inside]
How should I evaluate prospective solo 401k providers? [more inside]
Famous philosophers who taught philosophy well into their eigthies or nineties? [more inside]
Looking for opinions here. My husband just retired, we have a government pension of $1,600/month. House paid for, ditto basic health insurance; we can live comfortably (high speed net access, Netflix, newspaper) if we're careful. We have $12,000 in savings, in cash. SO: save it all & add to it (last summer's plan) or spend some or all of it on useful items that may get scarcer and/or more expensive. What would you do?
Financial advice-filter. I'm a college student with no debt and negligible living expenses. Where should I be putting my income? [more inside]
Where can I get a transcript of today's House Oversight Committee hearings? [more inside]
What sorts of jobs might my retirement-age father be able to pursue to keep up with expenses? [more inside]
I've lost 5% of my 401K in THREE DAYS. What to do? [more inside]
I know you are not my broker. Despite my personal contributions and my employer match, my 401K has 7% less money in it now than it had a year ago, which is, in turn, is 6% less than it had at this time two years ago. I understand that I'm supposed to be in this for the "long haul" but at this rate I'm losing money faster than I can contribute it. How do I fix this? [more inside]
Should I transfer my retirement assets (403b) from a mid-level risk money market fund ? [more inside]
Okay, so let's say you're a broke, middle-aged single female creative professional who infamously sucks with anything involving numbers. You do have expensive tastes, but you're generally quite frugal and like to shop at the 99¢ Store & swap meets. Even so, much to your own annoyance, you have just never done *well* with money when you've had it or ever done much grown up "long-term life planning"... but now you're about to come into a one-time windfall (possibly a six to seven figure sum in all). Oh Lordy. Time to grow up. [more inside]
I am 60 years old and thinking of retiring, but unsure about how much money I need to live without working. I have a net worth of $3 million, half of it in two pieces of rental propery with the other half in stocks, bonds and a pension, but live in an expensive area and have a spouse who likes to live well and travel a lot. Can anyone out there offer some good advice?
Is cash value life insurance a good investment? [more inside]
A.G. Edwards / Wachovia Securities vs. UBS. Which is the way to go? [more inside]
What should I do in addition to super to have any hope of retiring several decades from now? [more inside]
Can I opt out of paying income taxes on inherited retirement benefits in the USA? I won't be filing a tax return, anyway. [more inside]
What, if anything, is a "Target Retirement" fund like VTIVX missing? [more inside]
Will opening a Solo 401(k) before year's end reduce my modified adjusted gross income (MAGI)? I'm a 28-year-old freelance worker with a sole proprietorship, and I'd like to be able to fully fund my Roth IRA for 2008 [more inside]
I want to close out my 401k (and pay the necessary taxes) so I can pay off some debt. My 401k says I'm not allowed. Why not? Can I change anyone's mind? [more inside]
PersonalFinanceFilter: 25 year old looking to start making payments into something pensionesque, but with an international bent. Any suggestions? [more inside]
Aged 65, still working, have 401K, worried about it, can I move the funds to a self directed IRA money market fund?
So, we're in a recession. At what point should we pull our investments out of the stock market? [more inside]
Help me analyze a variable annuity as a tax-deferred retirement savings option. [more inside]
Questions about opening a Roth IRA -- particularly, does it matter where I open it? If so, Fidelity vs. Vanguard? [more inside]
Is it a good idea to take out a 401k loan to pay off unsecured credit card debt, and how do these loans work?
Can I contribute to my Roth-IRA from my savings account if I don't earn an income? [more inside]
Should I cancel my life insurance policy and use it to pay off most or all of my consumer debt? [more inside]
How can I protect myself from my financially unstable mother? [more inside]
At what age did you start saving for retirement? At what age do you recommend starting to save for retirement? [more inside]
Recommendations for a financial advisor/accountant for a young couple in NYC? [more inside]
What should I do with the $5k I have sitting in the Teacher Retirement System of Texas pension plan now that I'm starting a new job with no retirement plan to roll it over into? [more inside]
My boyfriend is a Canadian citizen working in the United States on a TN visa. Is he eligible to enroll in his employer’s retirement plan? [more inside]
Should I use a hardship withdrawal for my 401K to pay down/off my credit card revolving credit debt? The total debt is over $200K. I am 57. I do not anticipate retirement for another 10 years or so. I have approx $100k in the 401K that I can access. I know that there are IRS penalties for such a withdrawal but my thought was it is better to pay off the debt now and build the 401k back up. So, should I withdraw or not?
What are some legitimate "work at home" opportunities for someone looking for something to do while in "early/semi" retirement and living abroad? [more inside]