Archive for April, 2010







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What are some military retirement benefits?




Most specifically the Army, or are they same throughout the military branches?
could you please give me links where i can get this information? thanks :)




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I am doing my taxes and I opened a traditional IRA. I want to do the retirement savings contribution credit but turbo tax is telling me I don’t qualify. I am retired and I do get a pension. Form 8880 says to enter any distributions received from a qualified retirement plan as defined in section 4974c. I don’t know if my pension is a qualified plan and is disqualifying this credit and I don’t know where to look up section 4974c. I am 65.
I am retired but I did work part time so my IRA is deductible.
I am not referring to the adjustments to gross income on line 32. I am referring to the credit on line 51.




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I lived and worked in Canada before coming down here and my Canada Pension Plan (CPP) is due to effect. Studying the given relevant IRS instructions, the CPP is neither a "Qualified Plan", nor a "U.S. Annuity Plan". How do I calculate the amount of tax payable? Before seeking help from a professional tax planner or going for the IRS helpdesk offer on this issue, could some experts shine some light for me?




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Im 25 years old and want to start saving for retirement. How do i go by searching for a retirement plan?




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any advice on estate and will planning?




My older sister lives with my mother, four hours away from me. Mom is in her 70′s and has been feeling ill and worried about her demise. Mom listed me as top executer of her belongings, even though my sister lives with her. Neither of us really has a plan of how to handle things when the time comes. Any advice? I am in extremely bad financial condition, but mom has many assets, house, car, bank accounts and I just feel overwhelmed at the thought of dealing with all these things.




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i want the words, dont give me a vid




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I have been told that the key advantages are "no loads or fees" (other than early surrender charges), ability to move money between fund "families" at no cost, ability to add and delete funds at will at no cost, and protection of invested amount to my spouse should I die. Are there any downsides?
I appreciate the responses but perhaps I did not properly represent my position in this. I am making the choice to use a financial advisor who has demonstrated good results with other clients. He uses variable annuity contracts for IRA type money (401k and pension lump sum) as a container to easily manage diversification (spreading the money over several funds and fund families while providing the ability to easily rebalance between them on a periodic basis. I know this can be done outside of a variable annuity but requires more time and effort that I am not willing to spend. The advisor needs to get paid for his work, so I know there are fees but I am focued on results, and there is a proven track record. The other thing I left out is that I need to exercise rule 72t. Recommendations?




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How to plan for retirement/savings?




My fiance n I are planning for our future. We dont have any debts/car payments pending and plan to get married n buy a home.

We both earn 130K per annum…before taxes…our monthly expense comes at around 2500$ out of the 7400$ we make per month after taxes….we need to make sure that we can save enuf for our retirement.

Could any one suggest what percetage of our per month income should be spend on home mortage/househodl expense/savings/retirement etc?

Thanks!




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We all have at one time worked minimum wage jobs when we were teenagers. Minimum wage jobs are something you do when you’re in high school … maybe college, and in less common ways in graduate school. Then you move on and do something more productive. There is nothing I find more self satisfying than seeing the 32 year old pizza guy delivering pizza to my house. I just absolutely love it! In this country, everybody has at least the opportunity to go to a community college, and it isn’t that difficult to go to a state university, if you choose to do that. So anybody who is 32 and is asking me if I want paper or plastic … At one time we drank milk from our mommy’s baba, but eventually you put the baba down and drink from a cup. If somebody is 32 and still drinking out of a baba, then you got a problem. People get mad at me when I bag on those who work low run jobs. Have I worked at a Carvel Ice Cream store? Yes I have. Was I a telephone solicitor and did I sell bottom of the barrel stuff? Yes I have. Did I work as a cashier at a grocery store as I was a kid going to college? Yes I did. Did I deliver newspapers? Yes I did. Did I sell advertising in lousy community newspapers over the telephone and make minimum conditions. Yes, but I did these things while I was working my way towards something better. I am not coming over to wax your car today. I don’t do detailing. I’m not coming over to your place to deliver pizza. I’m not going to bring groceries to your car. Ok.

Here’s a rewarding career. Here’s someone who knocked up his girl friend, and you know who I’m talking about. The guy who stands at the exit at Costco with the yellow high lighting pen. And he looks … of course you got 6 worth of stuff in the cart … and he gives this cursory glace to your cart … you can’t see everything that’s in the cart. Then he takes that yellow marker and runs it through the receipt, so you can’t try going through the exist again. That’s very rewarding work. *sarcasim* I just want to know the name of your bastard child and where the mother lives. When I see that guy, I’m sorry, but I can’t help thinking about that.

Ya know, when I’m in a fast food joint and I’m deciding whether I want pastrami on my burger or cheese steak. I’m sorry, but I can’t help thinking, "what time does the baby sitter have to go home tonight?" I’m sorry, but I can’t help thinking it.

When I go in for a .99 oil change, and there you are draining all the transmission fluid out of my car. I’m sorry, but I can’t help thinking, "does this place actually have a retirement plan?"It’s just the way it is.

Ya know, we all start at ground zero. Most of us start with very little. Some of us with nothing. We all have the same public school systems. And we have community colleges. We have state universities. We have opportunities to do things with our lives. We also have the opportunities to use condoms, to not have sex with trailer trash that’s gonna get knocked up. We have opportunites. We have decisions to make during our lives. Yes I think it’s perfectly fantastic when you’re a senior in high school and working as a cashier at Costco. I think that’s great. When you’re 16, 17, or 18 … that’s great. But when I read these stories in the newspaper about people working at Albertsons the supermarket, talking about going on strike, and you got interviews with 38 year old people who are cashiers … I’m laughing my butt off at you. I’m laughing my butt off. I’m sorry, I know it’s politically incorrect to say this, because you’re suppose to say that everyone is equal, everything is beautiful in it’s own way, you’re suppose to say these things, right? And every job is good and great to have hard working Americans … that’s what you’re suppose to say. But the reality is that some of you guys just decided to ride bear back when you were 16 and now you’re stuck going on strike at Albertsons or where ever you’re going on strike. You kidding me?




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My mom wanted to know! =]
Thanks!




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i’m looking for a job and my sister had friends that worked at retirement homes but that was a while ago and i don’t know how old they were! so if you could help me out that would be GREAT thankks!




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Question regarding a Roth IRA conversion?




My Dad converted a traditional IRA to a Roth IRA at the age of 57 (I believe the government allowed people do this recently). Does he have to wait five years before he can withdraw funds tax free, or will the 59 1/2 age rule take precedence in this case?

Much appreciated.




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You may have already heard that part of the Obama’s stimulus package is a one time payment to recipients of Social Security.

The payment will be 0 and it was just revealed that everyone entitled to receive a payment should have it by late May 2009.

Social Security also revealed that if you are eligible for the one time payment, there is nothing you need to do. Social Security will automatically send you the payment.




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"Sports > Hockey" is where the computer advised this question to go. I chose to leave it and ask the same question and send it to "Elections" my intended catagory




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