My employers and myself have paid for social security and medicare benefits, why then "entitlement"? The government owes contributors these benefits. Compared to all the money the citizens pay in for congress’ and the senate’s retirement (which we did not get to vote on), I should receive my social security just as the political employees of this country receive theirs.

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I am a 32 teacher in california with multiple sclerosis. I want to put the max away for retirement 16k per year. My only fear is that I won’t be able to access this money without penalty should I become disabled before retirement age. What are the rules? Are there any exceptions for someone like me?

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I am still waiting on my 1099-R but I can access the amounts that were deducted from my check on my retirement website.
Do I use the amount I actually received or the total amount before they took anything out? Then where do I put the money they took? Is that a witholding amount?

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Besides money, is there another solution to the issue of family members long term care of injured veteran?

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I am a 32 teacher in california with multiple sclerosis. I want to put the max away for retirement 16k per year. My only fear is that I won’t be able to access this money without penalty should I become disabled before retirement age. What are the rules? Are there any exceptions for someone like me?

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My mother, who is 65 years old, took 0,000 out of her traditional IRA in 2011. Because she needed the money for some personal project.

However, now she worries about paying income taxes on this 0,000. Please provide any idea or guide to reduce her taxes.

Thank you in advance.

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I don’t have a lot of money to make large monthly payments but I would rather own then rent. So, I was thinking of purchasing a home that is in foreclosure because the monthly payments will be affordable since the dollar amount is lower. Can something like that really be done?

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I know their fees are ridiculously high and their returns aren’t anything special. I feel that it’s smarter to buy term life insurance and invest in no load mutual funds versus putting money somewhere that charges fees for everything.

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I am trying to find out if I need a financial planner. I’m 32 years old, both my wife and i have good jobs, we own our home, have no credit card debt, no car payments and a decent savings.

I have done ok for myself without a financial planner, however accept for the 4.75 interest on my savings, my money is not doing anything.

I am scared at the idea of a financial planner. I am not sure I will be comfortable with some one telling me what I should do with money.

The flip side is that just like any one, I would love to have more money for the future.

Can anyone offer any advice that might change my opinion about hiring a financial planner?

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Our current 30-year mortgage is at 5.25% but I think we could get it down below 5%. We’re about 5 years into this 30-year mortgage and haven’t missed a payment (and don’t expect to). Here are my questions:
A) Even if we got a loan down to under 5%, would it be appreciably different over the long-term from a financial standpoint?
B) Are banks in existence that would allow a couple to refinance and pay zero fees? Over the course of even 15 years, banks make a lot of money from interest… why charge someone a fee? I realize it’s not up to me.
C) If we maintain our 30-year mortgage… say we don’t wind up refinancing… does it save a person/couple a lot if they were to pay one or two extra payments a year? Loan amount 200k, interest 5.25%.

Any advice appreciated.
First responder: no, that site didn’t help. Why would you waste that 10 seconds of my life FOR me? Idiot.

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We have met with a Fidelity financial adviser and also with an adviser from TD Ameritrade. We are both thoroughly confused and aren’t sure which to go with. My father is 80 years old and doesn’t have the time to watch his money grow, he needs it to pay for the nearly 00.00 a month retirement community. We are worried that with time he may have a decline in health and want to make sure we do whats best so he can live independently as long as possible. If anyone has any knowledge of what to do, please let us know. He will be investing around 200-250,000.

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This is yet another post I am making about one of my favorite topics, investing. We know that a traditional IRA is tax deferred yet will have taxes paid on it during retirement. A Roth IRA grows tax free and has tax free withdrawals pending certain conditions met. But why a traditional? There are some that argue that taxes are going up, which is probably true. Personally, I like both types of IRAs. With a Roth, you pay current income tax on contributions that have not even made any earnings yet. That alone will tend me to favor tax deferred traditional. A traditional IRA will earn more over time with the power of compounding without the hassles of annual taxes hitting it. Like I said before, why not get a low low paying job after you leave your main job so that you are now in a lower tax bracket? Instead of maybe 25% tax on withdrawals, now you will only pay 10-15%. See the difference? All that money has grown without annual taxes. Now pay as little as possible on earnings.
See what I mean? Why pay 25%(more or a little less) now on contributions that haven’t made any earnings instead of say, 10-15% later on while you are in a lower tax bracket? Makes sense to me. Don’t be so quick to run a Roth. If possible, contribute to a 401 k, 403b and so on and possibly a Roth IRA to be diversified. Like I said, I like both. I just tend to be biased towards tax deferred. I would rather pay taxes on what I’ve made. You wouldn’t pay income tax at your job before you’ve earned any money, would you? This is basically for those who don’t have an employer sponsored retirement program.

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My 58 year old brother has no mortgage and owns his own house. He wants to buy a nicer house that just came on the market that in another market he could not afford with his savings retirement so he will not have a mortgage on the new house.
He wants to sell the house he lives in now at a later date after the prices increase and he can make money on the old house.
He knows about two house insurances and taxes on both.
I wonder how lucrative this is to anyone to do.
The price will be prohibitive when the market increases that is why he wants to buy the new house now.

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1. Franklin Roosevelt promised Americans a

"square deal."
"fair deal."
"democratic deal."
"new deal."

2. What did the Emergency Banking Relief Act do?

opened all the banks.
shut down banks until they were financially stable.
opened only the banks that people did not have money in.
shut down the banks after people withdrew all their money.

3. The Tennessee Valley Authority’s goal was to

attract more industry in the Tennessee Valley.
stimulate agricultural growth in the Tennessee Valley.
close all banks in the Tennessee Valley.
open all banks in the Tennessee Valley.

4. The Social Security Act established a tax paid by workers and employers to provide a retirement payment to people 65 or older.

True
False

5. When the government spends less money than it takes in, it is referred to as deficit spending.

True
False

Can you please help me out on my homework

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I’m saving for the long run……..if I put the money in a mutual fund can I make withdrawels ( if necessary ) without restrictions or financial penalties?…….but if I put it in an IRA, i can’t touch until 59 1/2 years of age?

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