Finance Metric - Q&A: Retirement Plan

Question: #1: Retirement plan?
I'm 33 years old and make 33.000 a year. I'm married, but my husband only works part-time, so his income is not always the same.I'm a permanent resident so if decide to go back to my country, can I keep contributing towards the IRA? I'm confused because in the bank they told me yes and when I contacted fidelity they said no way!What is the right option for me?I do want to start a retirement plan but I don't want to loose the money if I moove to another country or start another one...Any suggestions? Thanks for you help! - asked by SS

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Question: #2: retirement plan?
what is one financial application of time value of money for retirement plan financial service providers? - asked by Help please

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Question: #4: How good is a 403(b) retirement plan compared tothe others?
I am taking a new position at a non-profit organization. This company is offering a 403(b) retirement plan and I am wondering if I should take it or not. They will pay 75% after 1 year and I can make contributions, before taxes, of up to 10% and I can be fully vested after 3 years of employment . What is the difference between this and a 401K or other retirement programs really? - asked by taalyn_1

Answer: ... - answered by: digdowndeepnseattle
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Question: #5: How do i plan for health care bill afterretirement?
I recently read an article on MSN that health care after retirement is costing close to ~250k despite medicare and is growing at at brisk pace of 6-7.5% a year.How do i plan for this in my retirement plan ? This kind of expenses will erode my retirement savings by a lot. - asked by prince_0102

Answer: ... - answered by: the tax lady
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Question: #6: what are the advantages and disadvantages ofopening a retirement plan?
I am planning to open a retirement plan but what are the advantages and disadvantages of opening a retirement plan and what is the best company to open an account with? Answer: ... - answered by: Doctor Deth
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Question: #7: When is the status of a deceased retirement planparticipant determined, after retirement or afterdeath ?
My uncle technically retired from his job as single on March 5, 2009 with no designated beneficiary in his retirement plan. He married on March 10, 2009, but he died on March 15, 2009. What status should be followed in his retirement plan in order to determine the beneficiary?This is an Employees Retirement PlanI mean company pension.Not Union pension, but company pension.There is no best answer nor right answer here. - asked by John C

Answer: ... - answered by: Flower
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Question: #8: How do I choose a company to use for my retirementplan?
I plan to open a 403(b) in August. I have been told that mutual funds are better (and cheaper) than annuities, and so that is what I want to put my money. (I don't intend this question to be a mutual fund vs. annuity debate). My school district sponsors 20 retirement planning companies, and their websites don't seem to distinguish the competition. Some companies include Fidelity, Primerica, Vanguard, Metro Life, Equitable, Putnam, etc. How do I choose which company is best for me whether or not I end up getting mutual funds or annuities?I teach in Florida. We have the Florida Retirement System (FRS). My school district puts money into that, which I can choose either to be a pension (with benefits after 6 years of service) or an investment plan (with benefits after 1 year). I choose the investment plan because I don't know if I will be in teaching in the long-run or if I will at least be in Florida for 6 years to get the pension benefit. According to everyone, the FRS will not be enough, so we have the option of opening up a 403(b) plan with one of these companies to supplement the FRS money. There is no matching in this 403(b).I am 23 years old. - asked by coolman293472

Answer: ... - answered by: El Guapo
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Question: #9: Is social security number required or checked byretirement plan companies from work?
I am very curious to know if whenever you apply at work for your retirement plan, does your ssn checked or verified in order for them to estanlish the plan? I need to know bc this had been spinning in my head and i do not want to ask any employer for it, bc its not me with the problem, i do have my ssn. Does anybody know any of this info? - asked by Mariha

Answer: ... - answered by: Piggiepants
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Question: #10: If I have a retirement plan at work , can I stilcontribute to a roth ira -?
I file married filing jointly - what is the income cut off for donating to a roth? Husband is self- employed and no retirement plan - he puts his in a traditional ira - what is his cut off - asked by Cindy W

Answer: ... - answered by: Richard M
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Question: #12: What is the importance of coordinating investmentswithin and outside your 401k retirement plan?
Can you describe a situation where this would be important. Thank you for your help with understanding this kind of retirement plan. - asked by James D

Answer: ... - answered by: Luigi
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Question: #13: You belong to an unusual pension plan because yourretirement payments will continue forever (andwill go to y?
You belong to an unusual pension plan because your retirement payments will continue forever (and will go to your descendants after you die). If you will receive $30,000 per year at the end of each year starting 25 years from now, what is the present value of your retirement plan if the discount rate is 5.5%? - asked by Michael K

Answer: ... - answered by: Erin
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Question: #14: If I quit my job what happens to the money I havebeen contributing to my SURS retirement plan?
I work for a community College and we have to contribute to a retirement plan called SURS. I am planning on quitting but don't know what happens to my money? - asked by colonpaul

Answer: ... - answered by: roderick_young
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Question: #15: Is it a good idea to do invest into mutual fundsto build a Retirement plan?
I am 25 and at my job I'm not offered any kind of 401k plan. Is it a good idea to invest into mutual funds to build my retirement plan? As they say, start early. What are my options on this?I was refered by a friend to talk to a financial advisor, she is working p/t under primerica with three different investing companies. According to all the numbers I provided, she advises me to use Franklin Templeton Fund Allocation, I don't know much about any avaialble investing companies so I am very lost in terminology and the numbers. - asked by ykarnay

Answer: ... - answered by: naturalbornthriller69
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Question: #16: Any suggestions for a retirement plan for stay athome Mom?
I'm currently a stay at home Mom and do not have a retirement plan in place. I'm 30 and looking for a reasonably priced plan for the future. Any suggestions? - asked by auntihaha

Answer: ... - answered by: Angela S
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Question: #18: does social securty penalize you if you haveanother retirement plan?
I am a government worker, and I will eventually have a 20 year military reserve retirement plan set, another Gov retirement paln, and social security since I've been paying into from 1987 to the present? A friend of mine informed me that since I will drawing other retirements, SS will give me a lower amount when I retire is this true? - asked by cook90022

Answer: ... - answered by: Auntie Mame
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Question: #20: Am I able to qualify for a deductible IRA if theonly retirement plan my company offers is a 401K?
My question concerns only a fully deductible IRA, and the confusion over the IRS wording "to quality....you must not be eligible to participate in a company retirement plan". My company does not offer a pension plan , but does offer a 401k plan, so does that disqualify me from a deductible IRA ? Basically the question comes down to the defination of a "company retirement plan". - asked by russelli

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Question: #21: What exactly are you entitled to when only aportion of your retirement plan has vested?
Say you have a retirement plan where you contribute part of your salary every month, and your employer also matches. Say that the program vests incrementally every year.So when someone says that for example, 60% of their retirement plan has vested....what amount does this refer to exactly? Does this mean that upon retirement, the employee is entitled to ALL his personal contributions + 60% of the employer matching? Or is the employee only entitled to 60% of both his personal contributions and the employer matching amount?Can someone please clarify? Thanks!! - asked by ambidreamz

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Question: #22: What are the 6 companies included in the PinchotRetirement Plan?
I am told that there are 6 main companies in the Pinchot Retirement Plan. One of them is Plum Creek. What are the others? - asked by allen5904

Answer: ... - answered by: LFB,PCL,PCH, POPEZ, TWTUF,RYN
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Question: #24: What's a good retirement plan for a 28 year old?
I'm looking to start a retirement plan asap and I'm not sure which way to go with the way this economy is. Any ideas? - asked by Mud Hens

Answer: ... - answered by: Meg D
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Question: #25: Is a roth 401k better than a regular 401k plan fora 21 year old? I dont know anything aboutretirement plans
Is a roth 401k better than a regular 401k plan for a 21 year old? I dont know anything about retirement plans. But the lady giving the presentation at my work said roth 401k would be better for my age but I dont see how. Also my company will match up to 5% any tips I should consider? - asked by John S

Answer: ... - answered by: Debt Is Dumb
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Question: #26: What retirement plan rules do you need to know forthe series 7 exam?
I have a STC book my company gave me and it has the 2004 numbers for all the retirement plans. I know there was a major change in late 2006, so should I know the old rules or the new ones?Also, I'm getting at least 90% on all practice exams and understand the options in the book very well. The only thing I have trouble with is remembering some details like all the exemptions for rule 2790. Is the exam that detailed? - asked by Tommy

Answer: ... - answered by: Matthew K
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Question: #28: Can I use the money in my retirement plan topayoff CC debt/student loans without penalty?
I have a substantial amount of money in my retirement plan and pension. Is there any way to use that money to payoff my current credit card debt, student loans, or car loans without being hit with the huge early withdrawal penalty? - asked by Someguy

Answer: ... - answered by: Mary
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Question: #29: Can I claim the savers tax credit if I do notcontribute to my retirement plan?
Can I claim the savers tax credit if I do not contribute to my retirement plan with my salary, but my employer contributes for me? I have a retirement plan and I do not contribute to it when the money I make, but my employer automatically contributes 2% on their own to my account. Can I claim that contribution amount on my taxes to receive the savers credit? - asked by I just LOVE LOVE!

Answer: ... - answered by: cakeypoo_24
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Question: #30: Is it possible for a almost 50 year old woman tosecure a good retirement plan?
I don't want my mom to work forever and she is an unstable relationship. I want her to have a retirement plan and I am not sure if she can get a decent amount of money to live on by now since she is almost 50. I am in need of all the suggested plans you have. Thank you - asked by science boy

Answer: ... - answered by: ginger
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