Finding The Best Solutions And Ideas For Planning For Your Retirement.
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Gen X-er with no kids looking to boost my investments for a more secure retirement. Been burned before by dishonest quacks and don’t want to deal with salespeople whose commissions are more important than my future.
I’m 15 and I am hoping to get into this 6 week program that pays 9 at the end of the program. I am going to put half into investments and then split the rest into another half and put some in my checking account and savings account. I hope to get a part time job during the school year so I can open up a Roth IRA account. My uncle told me that I would probably be working for the next 60 years of my like and I was like wtf (in my head). So I was reading and a Roth IRA account seems to be the way to go because I can take some of the money out to help buy my first home and a car. i just want to make sure that I am well diversified and that my money is working for me to the best of its abilities. Also I already am trying to invest in assets rather than liabilities=]
I’ll be attending college starting this fall, and afterward I’ll probably join the Peace Corps. By the time I’m actually able to fully invest in retirement (into an IRA specifically) I figure I’ll be about 25. I will start in college but obviously I won’t be able to contribute anything substantial until I begin my career. I know that with investments like this its best to start earlier, so is age 25 too late to build up enough savings or will I be okay?
I am about to start college and I do not know very much about investments or retirement funds…so I would like to find a financial advisor to help me make all of these decisions.
A relative is at retirement age. He works for a large bank and a majority of his retirement account is in company (bank) stock. We are trying to figure out if he should just retire now rather than losing all his investments if the bank goes under. Can anyone help us shed some light on what may happen to his stock if they go out of business? BTW – the company stock is not publicly traded.
Thank you all for your help and I promise it will be worth some points for the best answer.
TE – He can cash out now I believe if he retires.
It is in a 401k. Let me know what you think.
Thanks again for all the advice.
What are the advantages to taking stock options early for a company that is aiming for IPO within the next two years?
To my understanding, if options are taken early, the stock would completely be mines, regardless if I stayed at the company or not. Am I correct? I also know that you get taxed higher if you exercised options later when/if the value of the stock drastically increases. This part is where I am really unclear on.
I’m really new to thinking about my investments, so any advice would be appreciated! Thanks in advance!
Among stocks, bonds, and mutual fund asset classes, what would you would recommend for the long-term. (For example, stock and a mutual fund, a stock and a bond, or a bond and a mutual fund.) Explain why you would choose each one. Also, why do you think your choices would be good investments for retirement?
Does an individual have a say in whether he/she wants to contribute to or be enrolled in a 401(k) plan?
Can an individual opt out when offered to be enrolled in the program?
Thanks everyone for taking the time to answer my questions. I mostly like being hands on with my investments and prefer to choose where I invest my money such as in Money Market accounts, Certificate of Deposit accounts, Bonds and the Stock Market.
I was curious and wanted to know should the situation arise if I had an option to opt out of being enrolled in a 401(k) plan.
I am turning 30 and want to start investing- however, I’m not looking to invest for retirement, I’m looking to invest to get out of the "rat race". I see online savings accounts, mutual funds, CDs etc. as viable investments with relatively little return. I mean, honestly, anyone making serious money off of CD or savings acct interest is probably already set up pretty nice.
So, I need some advice. I don’t know anything about stocks, so I would probably lose my cash quickly there. But how do I start investing my money for higher returns so that I can benefit from it in the short term?
I just got a message from my retirement account that read "as of September 8, 2008, this fund is closed to new investments". What does this mean to my account?
I have a Roth IRA set up and have fully contributed to it. What other investments would be good to do since my limit has been met and still want to save. Also I would like to have similiar tax deffered options like the Roth.
I have a client who is Muslim and I understand the issues with earned interest. Client would like to get permanent insurance, but he was not sure about whole life being OK. The cash value does earn a return, but the company does not state a fixed interest rate. Dividends are a return of premium based on performance of the entire product (such investments, expenses and actual death claims). Another alternative is variable life, where the cash value can be put into separate accounts (similar to mutual funds) and not interest bearing. Any opinions on if whole life is acceptable for Muslims?
I am planning on investing some money, and I need to talk to a financial advisor. I do my checking at PNC Bank while I have my 401(k) through Wells Fargo. I was planning on talking to PNC Investments and Wells Fargo Advisors. How much does it cost to talk to a financial advisor from those places?
My dad is 71 and has dimensia. We are trying to put his finances in order. We want to consolidate his investments into safe holdings. We are thinking of CD’s and Money Market accounts but have been advised by a banker to put into annuities. I recall bad press about this?
I think I really missed my calling in life. Over the last several years, I have picked up quite a bit of knowledge of how to manage my own investments and plan for retirement, and I find it all incredibly interesting.
So how does one go about becoming a financial planner? I don’t really want to manage people’s money so much as help them develop a good plan based on their circumstances and goals, and maybe recommend some good investments for them to achieve those goals.
Does one have to take certain courses? Do you have to do a lot of cold calling to get clients? Any background info or good web sites would be great!