Archive for December, 2008
« Previous EntriesWhat is the retirement plan for Firefighters?
Monday, December 29th, 2008Minas. asked: I am a 16 year old teen living in LA, California and lately have been very interested in becoming a firefighter. I want to know what is the retirment plan for becoming a firefighter? It is a little early to be thinking about this then again i don’t come from a [...]
How much should I be saving for retirement?
Friday, December 26th, 2008Amanda asked: I am 25 and just started my new professional job, and the company I am with offers matching up to 10% of my annual salary. I went ahead and decided for them to deduct 10% out of my pay for this purpose (so I’ll get 20% annually), but with student loans to pay, [...]
How many of you think that state Retirement Pension Plans will be worth investing in the long run?
Thursday, December 25th, 2008Penny asked: How many of you think that state Retirement Pension Plans will be worth investing in the long run if you started investing now? (like teachers, police, fire fighters, and other government jobs have)Alicia
i just opened a 401k in oct and have a retirement plan. do these count as ‘taxable interest income?’ help!
Thursday, December 25th, 2008usijana_senka asked: i am trying to file 2007 taxes and i don’t think that 401k’s and retirement plans are taxable but i tried using some tax calculators and they were asking me if i had a 401k etc so i got confused. this is the first year that i have a 401k…Chris
What is the best way to start saving for retirement?
Wednesday, December 24th, 2008hell$ belle$ asked: I’m 28 and I have a steady job. I support 2 children on a very low income and my employer does not offer a retirement plan. I need to save, but at this point in my life, I cannot contribute regularly. I was thinking of opening an IRA with my credit union, [...]
Does anyone else ever worry about their retirement and savings for the future?
Tuesday, December 23rd, 2008leighrampey asked: At what age would you consider a person has sort of missed the boat as far as ever having a carefree retirement with no financial strains if they have not previously saved for their future? The cost of living keeps increasing so shouldn’t one basically panic if they’ve never saved a dime and [...]
Retirement Planning for the owner of an LLC?
Sunday, December 21st, 2008bmwdriver11 asked: My wife is starting a new business, an LLC, that is a Psychology private practice. She is the sole owner. She will be employing 1 person who will be doing Psychological testing for her. Unfortunately, due to state requirements, this person is required to be a W2 employee. She [...]
What are some good financial retirement plans for parents after passing on family business?
Saturday, December 20th, 2008Tuan T asked: I am taking over the family business soon (Worth approx. $500,000)
My parents are worried on how they will still sustain financial freedom after passing on their company to me. It is primarily a cash business and I want for them to retire without having to worry about money. They have [...]
retirement planning?
Friday, December 19th, 2008Ric L asked: need help planning retirement and investmentsWillie
What are my limits on contributing to all the retirement plans available to me combined?
Thursday, December 18th, 2008woodsman cobra asked: 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 [...]
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