retirement planning

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What are the penalties for withdrawing your retirement funds early to buy your first home?

Monday, January 5th, 2009

one4Christ asked: Does anyone know what (if any) are the penalties for withdrawing some or all of your retirement funds to use as a down payment to purchase your first home? I have a 457 retirement plan and I am considering pulling out $10K to go towards the purchase of my first home. Normally I [...]

How do you collect your retirement savings plan?

Saturday, January 3rd, 2009

Nicole W asked: After leaving employment, how do you collect your retirement savings plan or 401K? how long does it take to collect it?Mildred

Retirement Planning?

Friday, January 2nd, 2009

Char asked: A couple will retire in 50 years; they plan to spend about $30,000 a year in retirement, which should last about 25 years. They believe that they can earn 8 percent interest on retirement savings.on retirement savings.
a. If they make annual payments into a savings plan, how much will they need to save [...]

Why is my company renaming my 401k plan to a Retirement Savings Plan?

Friday, January 2nd, 2009

dandspach asked: After a recent merger, my company is renaming my 401k plan to a Retirement Savings Plan. It seems a little odd. What kinds of legal issues, protections, ect. do I need to consider?Mitchell

What is the best retirement option for someone that wants to save on his own?

Thursday, January 1st, 2009

jagorion asked: I am a foster parent and I get paid by my agency through a per diem. That means the money I get paid is tax free. And since I don’t have a full time job, I don’t have a retirement plan. I want to start saving for the future. [...]

What is the retirement plan for Firefighters?

Monday, December 29th, 2008

Minas. 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, 2008

Amanda 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, 2008

Penny 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, 2008

usijana_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, 2008

hell$ 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, [...]

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