How many of you think that Teacher Retirement Pension Plans will be worth investing in the long run ?
By Tom Dunn | January 6, 2009
How many of you think that state Teacher Retirement Pension Plans will be worth investing in the long run if you start investing now?
Ron
Topics: retirement planning | No Comments »
What are the penalties for withdrawing your retirement funds early to buy your first home?
By Tom Dunn | January 5, 2009
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 would be penalized 30% but I heard somewhere that there are 3 circumstances where this is allowable without penalties. Can anyone vertify this is accurate or tell me where I can get more info.
Thank you!
Adrian
Topics: retirement planning | No Comments »
How do you collect your retirement savings plan?
By Tom Dunn | January 3, 2009
After leaving employment, how do you collect your retirement savings plan or 401K? how long does it take to collect it?
Mildred
Topics: retirement planning | No Comments »
Retirement Planning?
By Tom Dunn | January 2, 2009
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 each year? Assume the first payment comes in 1 year.
b. How would the answer to part (a) change if the couple also realize that in 20 years, they will need to spend $60,000 on their child’s college education?
Marilyn
Topics: retirement planning | 1 Comment »
Why is my company renaming my 401k plan to a Retirement Savings Plan?
By Tom Dunn | January 2, 2009
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
Topics: retirement planning | 4 Comments »
What is the best retirement option for someone that wants to save on his own?
By Tom Dunn | January 1, 2009
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. Can any one help?
Nathaniel
Topics: retirement planning | 1 Comment »
What is the retirement plan for Firefighters?
By Tom Dunn | December 29, 2008
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 very rich family :). I need to know about what percentage do you get after you retire, let’s say from 10-15 years of service. Thank you soooooo much!
Fernando
Topics: retirement planning | 2 Comments »
How much should I be saving for retirement?
By Tom Dunn | December 26, 2008
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, and tons of taxes being taken out, I am wondering if this much is really necessary. What is the normal percentage someone at my age should save per year in order to have a secure retirement plan?
Sarah
Topics: retirement planning | 8 Comments »
How many of you think that state Retirement Pension Plans will be worth investing in the long run?
By Tom Dunn | December 25, 2008
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
Topics: retirement planning | 1 Comment »
i just opened a 401k in oct and have a retirement plan. do these count as ‘taxable interest income?’ help!
By Tom Dunn | December 25, 2008
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
Topics: retirement planning | 5 Comments »