Retirement funds

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Alright, so I know I should start saving for retirement as soon as possible. I've been reading about a lot of retirement online, but I'm still confused. It's nothing I've been taking TOO seriously, but today at work I had a meeting about the fact I know meet the qualifications for my company's 401k. Now, I'm only 18 so I know nothing about retirement, or stocks, or anything of the nature. The only information I got was I could distribute my funds in stocks, bonds, and trusts. Also, my company will match the first 2.5% of my salary that I put in, so I was told in order to get the most "free money" I should put in at least 2.5%. Now, I was thinking of doing about 10% (after my company match would end up being like 12.5%), but in terms of the stocks, bonds, etc, I am totally confused. Now, based on all the information I got in this meeting, the more risky, the larger your pay out could be. So...after all my options I though of going for the vanguard 500. I guess the vanguard 500 is a mid risk mid reward level that distributes your money into largely known stocks, such at AT&T, Exxon, google, etc. Not only do I want to know if this is a good idea, I also wanna know more details about my other options, and reasons behind what you think is best. Please, don't tell me to put everything in one group without telling me why. I want as much knowledge on this as possible as we are discussing my future hear. Your help is greatly appreciated.

We'd like to make a 401k hardship withdrawal to use the funds towards down payment of a house (my wife and I are first-time home buyers). We have about 40k in the 401k (fully vested) and after paying 10% penalty and fed&state taxes, we should remain with about 25k. Now, we learned from our plan administrator (ING) that things are not so simple: first we have to "exhaust all other loan options". This means concretely that we have to borrow about 20k from the 401k and pay it back with 5% interest. Only the remaining 20k can be used for a hardship withdrawal. This kind of defeats the purpose of what we want to do, namely to generate as much hard cash from the 401k as possible which then can be used towards the down payment. The question is if the practice of requiring to exhaust all other loan options is legal and if others have heard about similar "gates" that are throws up by the plan administrators. Also, we were wondering if there is another way to get the full money applied towards the withdrawal (and none against a loan). Of course we know that some people think that it is a bad idea to make early withdrawals from a 401k. We took into account in the decision to case out the 401k not only the nerve-wrecking ups-and-downs in 401k plans over the past 2-3 years, but also the recent rumors that the US government might turn 401k plans into annuity plans at some point in the future to finance the public debt (effectively turning your contributions into a government IOU for retirement). I appreciated all responses so far, thanks a lot! So far the responses are missing the point, which I try to clarify better: this is a technical question of how to extract a maximum amount of cash out of the 401k and whether a 401k plan administrator is actually permitted to throw up gates by demanding to exhaust all other loan options first. Whether it makes sense financially or whether this is against the spirit of 401k based retirement plans is not the question.

Hi, can someone please answer this question for me. I need it for extra credit. Any help would be great. Thanks! Formulate the return objective for Joe Smart, Who is planning to retire in 5 years. Joes’s current spending needs of $120,000 per year are currently met by his salary, which is indexed to inflation. Joe expects to continue his current lifestyle even after his salary stops. Assume that inflation is expected to be 3 % per year, and Joe’s income and capital gains are taxed at 35%. Upon retirement Joe will have a retirement account of $1,500,000 after taxes. He plans to invest the proceeds to fund his future spending requirements. What is Joe’s real after-tax return requirement?

and let them handle it? We could bring back Greenspan and the crew, let the banks and hedge funds sell credit default swaps against Treasury Bonds. securitize our debt into trauches and sell it with AAA ratings, with the help of Moody's of course. Goldman and Morgan Stanley could package our national debt into CDO's and sell them to Martian Retirement Funds. Does Chris Dodd not understand this? I say deregulate the financials institutions now and let them get on with fixing our problems.

I am 50, married with a nice husband. 1 daughter is going to graduate after 2 yrs. I have an fully-paid apartment, retirement fund ready...It seems I am not motivated to do anything else. I am on my own insurance business. I just stay at home and doesn't want to call any customers at all. I feel bored. I used to no. 1 in my former company for 5 consecutive years. It looks I have nothing and like a looser, failure... What can I motivate myself to be active again? Always day dreaming, dreaming the past... Mid life crisis?? What exactly does it mean? I have almost taken a break for 1 1/2 years...on and off doing my job. I used to work 6 days a week and 12 hrs a day but I did not even want to work for 2 hrs a day and not even want to do exercise. My hse is just like a mess. My folders are all mixed up. But if you ask me to retire, I feel I will be even more bored!!!! Always day dreaming and no life goal. It looks I have everything at present moment.

. . . What is your answer to the fact that there isn't enough gold to cover the accumulated wealth in America? I'm not talking about what the government spends, I mean the money people have in savings, retirement funds, checking accounts, and other non-physical currency areas. Should those accounts just be wiped out and the people told "Sorry that you spent your life saving money."?

I did loose my job to Illegal Mexicans, that are allowed to work for Sunbelt Rentals Construction Division on a job at Duke Energy Gibson Indiana Power Plant. My Insurance went from $250 a month to $950 a month while GW was in Office!!!! GRRRR So I took Early Retirement ( thanks to the Laborers Union I have a retirement at 55. However there is a clinic my wife goes to that was funded while Bush was in Office ( most likely voted in by Democrats) where we get free doctor visits and the doctor will look at all three of my wife's health problems at one time and prescribe her high blood pressure, and arthritis meds all at one time. When we had insurance it took about 8 doctor visits a month to get all this done now we just go 1 time every 2 months. We need to fix how hospitals and the Health Care System works now wow, first!!

What will be the best retirement plan, as I am not having any Family pension or provident fund or retirement benefits.Consider a monthly salary of Indian rupees 75000/.Pl. suggest with personal experience with details.I am having 22,20 years old son both about to complete studies and 9 years old daughter.

My dad quit his extremely high paying job as a corporate VP in 2007 for no real reason, and had to bring money to the table to sell the awesome house he had, in a buyer's market (it finally sold in 2009) -- the house was totally paid off, BTW, my parents could have stayed there for almost no monthly fee (just the HOA). He decided to move himself, my mother, and my disabled brother to a retirement community in another state (where I also happened to be moving), where there were no potential jobs. I try to love my mother, but she's always been a physically, verbally, emotionally, and mentally abusive drunk who smokes chains of cigarettes. She never worked because she said she was too sick, but we know for a fact that she was making herself sick with her addictions. They both used to use recreational drugs in irresponsible excess. My parents moved into a house they couldn't afford, in this retirement community with no job prospects for either of them, when they were still in their early 50s. I don't know how they figured they'd be able to make ends meet on my dad's pension, the math doesn't even make sense, but I wasn't smart enough back then to realize their folly. They didn't consult with a lawyer or an accountant. My little brother is high-functioning autistic (has Aspberger's syndrome and a seizure condition), he lives with them. He gets social security disability money every month, and my mother takes it and spends it on groceries and, mostly, wine for herself. None of them have health insurance. I got a joint bank account with the parents so that I could transfer funds to them if they needed me to do so. As it stands now, I've given them over $3000 of my federal student loans (I'm in school), and I will never see that money again. The IRS levied the joint account when they failed to pay their taxes on the house sale and my dad's pension. I just faxed the info to the IRS recently to prove I had control over the account and no money came from my parents. Levy will be removed soon. I will get a new account. I'm moving out of the state we live in, even though my autistic brother still lives with them. My mother won't sop drinking and abusing my father, and my father wants me to get a townhouse where I'm moving so that they can all live with me. He sends me articles about how baby boomers live with their adult kids these days to merge resources, even though he wouldn't be able to bring money to the table to help me out (his entire pension is tied up in his house, a car, and his IRS payment schedule). He plays on my guilt a lot and tries to convince me that what he's asking is somehow normal. I'm not even 30, and they're not even 60. I feel like I'm being taken advantage of. They've been making my life more difficult than it has to be for a long time, by both their irresponsibility and their abuse, and I'm tempted to cut them off, with the possibility of extracting my brother from the situation soon after I'm out. Am I wrong? Is dealing with parents like this normal, and I'm just a selfish, ungrateful son? Do you beat your children, too, Crystal? Do you steal their money and buy booze with it? Crystal, I just read an answer you gave for a question asking about an abusive mother, you gave the opposite response. Stop using all caps and start exercising logical consistency.

i won't get it. read the following. Please star this question and ask others to respond Social Security to start cashing Uncle Sam's IOUs By STEPHEN OHLEMACHER, Associated Press Writer Stephen Ohlemacher, Associated Press Writer – 1 hr 14 mins ago PARKERSBURG, W.Va. – The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs from the federal government, payable to the Social Security Administration. It's time to start cashing them in. For more than two decades, Social Security collected more money in payroll taxes than it paid out in benefits — billions more each year. Not anymore. This year, for the first time since the 1980s, when Congress last overhauled Social Security, the retirement program is projected to pay out more in benefits than it collects in taxes — nearly $29 billion more. Sounds like a good time to start tapping the nest egg. Too bad the federal government already spent that money over the years on other programs, preferring to borrow from Social Security rather than foreign creditors. In return, the Treasury Department issued a stack of IOUs — in the form of Treasury bonds — which are kept in a nondescript office building just down the street from Parkersburg's municipal offices. Now the government will have to borrow even more money, much of it abroad, to start paying back the IOUs, and the timing couldn't be worse. The government is projected to post a record $1.5 trillion budget deficit this year, followed by trillion dollar deficits for years to come. Social Security's shortfall will not affect current benefits. As long as the IOUs last, benefits will keep flowing. But experts say it is a warning sign that the program's finances are deteriorating. Social Security is projected to drain its trust funds by 2037 unless Congress acts, and there's concern that the looming crisis will lead to reduced benefits. "This is not just a wake-up call, this is it. We're here," said Mary Johnson, a policy analyst with The Senior Citizens League, an advocacy group. "We are not going to be able to put it off any more." For more than two decades, regardless of which political party was in power, Congress has been accused of raiding the Social Security trust funds to pay for other programs, masking the size of the budget deficit. Remember Al Gore's "lockbox," the one he was going to use to protect Social Security? The former vice president talked about it so much during the 2000 presidential campaign that he was parodied on "Saturday Night Live." Gore lost the election and never got his lockbox. But to illustrate the government's commitment to repaying Social Security, the Treasury Department has been issuing special bonds that earn interest for the retirement program. The bonds are unique because they are actually printed on paper, while other government bonds exist only in electronic form. They are stored in a three-ring binder, locked in the bottom drawer of a white metal filing cabinet in the Parkersburg offices of Bureau of Public Debt. The agency, which is part of the Treasury Department, opened offices in Parkersburg in the 1950s as part of a plan to locate important government functions away from Washington, D.C., in case of an attack during the Cold War. One bond is worth a little more than $15.1 billion and another is valued at just under $10.7 billion. In all, the agency has about $2.5 trillion in bonds, all backed by the full faith and credit of the U.S. government. But don't bother trying to steal them; they're nonnegotiable, which means they are worthless on the open market. More than 52 million people receive old age or disability benefits from Social Security. The average benefit for retirees is a little under $1,200 a month. Disabled workers get an average of $1,100 a month. Social Security is financed by payroll taxes — employers and employees must each pay a 6.2 percent tax on workers' earnings up to $106,800. Retirees can start getting early, reduced benefits at age 62. They get full benefits if they wait until they turn 66. Those born after 1960 will have to wait until they turn 67. Social Security's financial problems have been looming for years as the nation's 78 million baby boomers approached retirement age. The oldest are already there. As that huge group of people starts collecting benefits — and stops paying payroll taxes — Social Security's trust funds will shrink, running out of money by 2037, according to the latest projection from the trustees who oversee the program. The recession is making things worse, at least in the short term. Tax receipts are down from the loss of more than 8 million jobs, and applications for early retirement benefits have spiked from older workers who were laid off and forced to retire. Stephen C. Goss, chief actuary for the Social Security Administration, says the crisis has been years in the making. "If this helps get peop

I need you help five doctors and countless friends. what is my next more five years later.... bev

The 6 months living expenses thing is NOT an option. So basically I have 2 grand in saving. Now student loan repayments are coming soon. I have two part time jobs at the moment and I plan to spend about $500 a month on student loans starting next month (I have one private loan with a 12% interest rate so I'm trying to knock that out before the others are in repayment as well. Also plan on paying off ALL accrued interest so it won't capitalize. My other loans have a 6.8 interest rate) That $500 is AFTER I paid off my bills, food, maybe $100 in savings, and $100 for free-will purchases (let's face it, everyone wants to go out sometime. This includes fast food, shopping, movies, or whatever. But I don't spend out much so I might not even use all this). I would feel really comfy keeping that 2 grand in the bank for rainy days even though the savings interest doesn't even compare to the interest those loans are gathering. I was thinking maybe putting $100 away a month to build up savings... if that. Should I be saving more or focus on paying off the loans. Basically, having two jobs, I don't feel too scared about being unemployed since I'll have something to fall on if something happens. I also have a $3000 limit credit card (no balance on it) if I needed something (but since I have no car and I rent, I can't see myself ever having that problem. No big ticket items to worry about. I have renters insurance if you're thinking what if my place burns down or I get robbed.) So is it wise to keep that two grand in the bank or use it towards loans? And should I be saving more than $100 a month while trying to pay off loans? I was thinking any extra money, like if i pick up hours at work, would also go to savings or should I use that for loans? Should I be saving at all? I know savings is important long run but I'm hoping to be debt free in 5 years or less then I can worry about things like retirement. Maybe saving for a car or house is good but not thinking about owning anytime soon so I don't feel pressed about that. I just turned 22 if that helps but things in perspective. If you don't want to read the question, don't give an answer. I clearly said I'm 22.

for about 6 months I have been putting 6% (Company matches with 3%) of my $40,000 salary into my 401k... but with a current lack of an emergency fund and some credit card debt I am considering lowering it to 3% (1.5% match) for a little while and then bringing it back up once my financial situation is a little more stable. would this be a bad idea? the way I see it I am still very young and have lots of time to save for retirement and the emergency fund and getting debt payed off seems like it ought to be a priority... any thoughts? the 6% that I am currently at is the minimum to get the full company match

I served a MNC for 22 years as a seniour engineer & I opted for voluntary retirement on the basis of my health & medical certificates also submitted. In responce to my voluntry retirement application the company served me letter of resignation. They are paying me 15 days gratuity. I hv 200 days earned leaves(Including 30 days compansatory Leaves) and they are giving 90 days. I hv been contributing in Daughter marriage fund Scheme since yr 1988 (50/- PM from Salary) , the company is denying to pay me aything. I worked in this company from 1987 nov to nov,2009. Can I sue?

The baby boomers are nearing retirement age. Social Security and Medicare funds are getting low. The only way to satisfactorily to pay for it all is to raise taxes. A lot of taxes. Congress and the president can't reduce the benefits by much because all the baby boomers and older Americans are pretty faithful about voting. So if any congressman wants to stay in office he better not vote to reduce benefits too much.

When my husband and I got married, I had NO debt and he already had a high debt load. We have used up all my savings in support of paying his bills. Now that he's gotten a higher paying job, he is blowing all his money on buying random things which add up. Presents to his entire side of the family, big nights out, electronic gadgets, etc. We still have no savings. How do I get him to understand that we need to discuss big purchases (e.g. he's just spent US$ 2,000 on buying presents for HIS family) and that we need to start saving??? He thinks that we can dip into our retirement fund whenever he feels like it. ARGH!

My father, 51, had been an hourly worker in a machine shop of for 21 years and four months. On a Christmas holiday, he suffered a severe heart attack and was hospitalized for three weeks. At his release, his doctor said he was to rest at home for a couple of months. After his recuperation period, his doctor, along with his company’s physicians, was to decide whether or not my father should retired for disability reasons. They never got the opportunity to make this decision; in February, my father died of a second heart attack. He left my mother, four sons, two daughters and two-daughters in-law. His wife, my mother, still had four children at home. As part of my father's estate, my mother received the normal group insurance payments, the balance of his savings plan account, and the other benefits due her. However, my mother did not receive a pension from the company as a survivor of an eligible employee. When my mother and the company representatives had discussed the settlement, my mother had inquired about my father's pension and about my mother's right to receive it. The human resource department had stated that since contributions to this fund were made only by the company, no survivor’s benefits were provided. 1.What do you think my mother should do at this point? 2.What does the Employment Retirement Income Security Act of 1974 have to say about this issue?

...my retirement is fully funded, and I don’t have to pay taxes for the rest of my life? Awesome! Congressman Slaughter may begin a new trend in America! What a great idea! Why didn’t I think of this before? It is so easy.

Cities are broke because of the Bush economy. Once again citizens are making bad choices by not investing in their future. The bad news is that many of them are selling buildings (Cincinatti wants to sell City Hall), cut salaries of government workers, or reduce other higher-paid retirement funds. The good news is that many cities are devising property tax increases, sales tax increases, and new utility bill fees. What other mechanisms will make this possible for governments to keep operating? But the people (thats you) are the government. So you are responsible for this mess.

All I hear is that they oppose individuals opting to build their own retirement or disability fund, so what is your fix- raising fica taxes continually? or raising retirement age? at least GOP has offered proposals

If I am saving for retirement and I started by saving $2500/year and I plan to increase my contributions by 3% per year. If the retirement plan has historically made 8% per year, how much will I have in my account after 38 years? Also how much will be in my retirement fund if it pays only 6.5% per year?

Why should I buy another Mac? I have owned an ibook G4 for 6 years, and it has worked well, never had a virus. But I’m tired of never being able to get software for a Mac, never getting Hulu, always several years late on Quicken, etc. and not being able to access sites like my bank or retirement fund, because their encryption won’t recognize apple’s safari or firefox version. When I can get a Dell or HP for half the cost of a new apple laptop, why should I stay with Mac??

I want to move my 401K from my previous employer to my current one. Once I withdraw the funds, how long do I have to place them into a new retirement account? Can I also keep out some of these funds (I understand that this amount kept out will be subject to taxes and penalties)?

Or do you have a good pension or savings and investments fund? Millions of Britons are apparently gambling with their future by hoping for a lottery win or an inheritance to fund their retirement a study of 3000 people carried out by Skandia has shown.

I have worked for a small company (~20 employees) for the past 5 years. Now, I'm moving to another company. I have about $80K built up in what my employer refers to as a "profit-sharing retirement plan." It's administered by a 3rd party, and contributions are made on my behalf, I'm not sure when this is done or how much I'm putting in. Once yearly I get to choose which funds my money is invested in, and I get quarterly statements. I guess this is like a 401K but I'm not sure, since I don't really know what a 401K is. It's actually kind of shameful how little I know about this. The office manager has assured me that I can just leave my money there after I leave, but honestly it makes me a little bit nervous to do so. So would this be the type of thing I could "roll over" into another account, something over which I could exercise more direct supervision? I'm hoping to avoid paying taxes, of course. Or should I just let the money stay put? If I wanted to move my money, how would I go about doing something like this? Can I just go somewhere like T Rowe Price (I see their commercials on TV) and tell them to take care of it for me?

I am 30 years old and just started a new career. My employer offers both a Traditional 401K and a Roth 401K. I have zero experience investing and have never owned a retirement account before. Which should I choose....or can I choose both? I have allocated 10% of my income to invest for now. Should I do 5% in 401K and 5% in Roth 401K....or other options? I am totally confused by all the choices and not sure where to put my money so that I can make to best investment. My employer does offer a "matching" bonus. I currently do not have any other investments or savings. Any advise would be great!! Here are the funds available to invest in....managed by Fidelity COLUMBIA STRATEGIC INCOME GOLDMAN SACHS MID CAP VALUE MUNDER MID-CAP CORE GROWTH FIDELITY SPARTAN 500 INDEX PIMCO TOTAL RETURN FIDELITY ADVISOR FREEDOM 2010 FIDELITY ADVISOR FREEDOM 2020 FIDELITY ADVISOR FREEDOM 2030 FIDELITY ADVISOR FREEDOM 2040 AMERICAN FUNDS AMER H/I AMER FDS GROWTH FD OF AMERICA AMERICAN FUNDS EUROPACIFIC DODGE & COX STOCK EATON VANCE FLOATING RATE FEDERATE PRIME OBLIGATIONS MM VIRTUS REAL ESTATE SECURITIES DAVIS NY VENTURE ALLIANZ NFJ SMALL-CAP VALUE FD BUFFALO SMALL CAP AMERICAN CENT INFLATION ADJ

where should i put it after retirement to achieve a good income.

I'm beginning to question just how important it is to live a life where you work, go home, sleep, then go to work again. After all, the dollar is about to collapse so that means retirement funds are essentially no good. I'm starting to think, maybe I should just say screw it, quit work, leave the materialistic lifestyle, and go travel around the world and have as much fun as I can. Can anybody recommend books and websites that talk about how to travel cheap and indefinitely? For example staying in hostels and what type of jobs you can work along the way, and how to get those jobs?

Hi, My tax filing status is Married filing Jointly. I have a non-working spouse. I have an employer provided retirement plan (401K) which I contributed approx 5000$ to. I also funded another Roth IRA for another 5000$. Given the 401K contribution and the Roth IRA contribution, can i contribute to a spousal IRA for 2009? Our combined wages are less than 88000$. How much can I contribute and what portion thereof would be deductible? I am assuming I can contribute until April 15th. Please let me know Thank you. Thanks for the answers!.. This helps a lot. Can I file my return (and claim the spousal IRA deduction ) before I actually oepn &fund the IRA account? I will be funding the IRA before April 15th but I was curious if can actually file the return & claim the deduction before that with the expressed "intention" to open the IRA before April 15th. Thx in advance.

A 22 year old female is trying to decide between two options: 1. She works for the next 3 years, lives with her parents, and puts all of the money she makes (about $30,000 a year) into a mutual fund, giving her an estimated $107,000 or so at 9% by age 25, when she would start college (paid for by her parents). If she graduated in 4 years, she would be about 29 when she got a bachelor's degree, and due to shy personality traits, might not bring in much more than $40,000-$50,000 annually, of which she would continue to contribute at least $10,000 a year to the $107,000, with an aim of it growing to millions by retirement. Option 2: She goes straight to college now at age 22, graduating with a bachelor's degree by age 26, not investing a penny (focusing on school work) until age 26. She can go to either graduate or medical school from here, giving her a much bigger income by age 30, but postponing investing by about 10 years (from 21 to 30). While medical school would enable her to rival the investing, she could have hundreds of thousands of dollars of student loan debt to pay off before any comparable investing could start. Or, instead of graduate school, she can start working with her bachelor's degree and investing what she can, but she missed the extra years of it growing from 22 to 30. Here are the main issues: Rather than it being just a numbers game with the money, it seems like women have a shelf life that is shorter than men's. In other words, if she were to postpone college (which she's already behind on) for another 3 years while investing money and living with her parents, she's missing the years between 20 and 25 in which she could hang out with a new social group, have people over (either to her dorm or to an apartment her parents helped with for college), etc. I guess the main questions for guys are these: How much is a woman's youth worth to you? Would you rather meet a 25 year old woman who's starting college but already has money saved up, or would you rather meet a 21 year old woman when you're both in college? Would she be more likely to kick herself for not having $100,000 saved up by age 25, or for not starting college until 25? Thanks. She doesn't want kids ever, so that's not even a factor in the equation. Trying to study and work at the same time is a bad idea in this situation, especially if graduate school or medical school is in the picture, because grades would need to be top notch and stress would need to be at a bare minimum, as classwork would be stressful enough entering nearly 4 years late, having forgotten things, etc. The only way working and going to college simultaneously would work would be for a bachelor's only, which wouldn't require a certain GPA for a good graduate or medical school. And, as you said, just a bachelor's combined with shyness is not a pretty money picture.

After my bills I have left over money, I am renting a apartment so I need to put a percentage of money towards several things I know there are percentages out there. I need to put money towards a down payment, emergency fund, I work for a place that puts my money in a retirement and after I retire I will make around 65% of my current pay, but I would like to put money into a already established Roth IRA. All suggestions would be great, thank you

I work full time and I have the funds to pay this off in my retirement account but I don't want to use that unlast it is the last resort.

I am a 25 year old Female who lives on her own in the Caribbean. I moved out of my parents home 7 months ago mainly because we did not own our own home and we had to move from where we were living and we could not find an affordable place that would facilitate my younger sister and I along with my parents. So I moved into an apartment with my at the time boyfriend. Because my parents are both retired and did not manage well for their retirement, I now have to assist their living which I have no problem, only that I cant afford to support two households at the same time. I really enjoy my quiet time and space, but I can no longer affor to save as my ex boyfriend moved out and I now have to pay rent alone. I have searched for cheaper places but it will continue to be hard to fund myself and my parents. My sister currently has two kids and her salary barely covers her and her kids needs so things are really tough for them.....Im beginning to feel really down and out because I am left with almost no money every month and cant save. I need to save for certain things this year and am depressed as I have not seen the way to do such...we are already in March. I want to move back in, but there is no room for me really. There are 2 bedrooms only. My parents are begging for me to come back, but I wont have my privacy as before. I will have to share with them. I cant imagine that.Im looking for a place for all of us, but its hard. What do you all think I should do? Im torn between my happiness and everyone;s as a whole. I'm venting here cus I cant really talk about it with anyone else.

and other public retirement funds. Does the public retirement funds include military retired pay? If the information is correct, why would seniors receiving those checks even bother filing for bankruptcy? Please explain.

My husband and I are both 22, we are both graduating from college and can no longer keep our student jobs. We are moving to another city and looking for work, we aren't expecting to make much money initially because we have BA's. We might even just get two part-time jobs each to begin with. We have $29,000 in student loan debt. If we pay that off in five years, we will only be paying $5,000 in interest. With a ten-year plan, we would be paying about $11,000. Needless to say, we are going to try pay the debt off in five years. We don't currently have an adequate emergency savings and would like to buy a house in a few years. I have a plan to save $20,000 in three years for a down payment on a home (I live in TX, you can find a perfectly good home for $100-150k) which will also serve as our emergency savings during that three year period. In order to follow this plan, we will need to be making a combined $38,000 a year, which is not a lot. We are used to living thrifty and the cost of living in our state is very low. However, if we are splitting our extra money between an emergency/house fund and student loan debt, we won't have money to put towards retirement. Should we wait until we find full-time jobs to begin saving for retirement? Should we wait three years until we get a home? Or should we pay our student loans off more slowly in order to save for retirement? Planning for retirement at 25 sounds pretty good to me, but I'm no financial guru. Thanks!

And how is this effecting Obama's decision making? Excerpts: Unions have been the fiercest proponents of the Obamacare have been the Unions. Andy Stern, head of the SEIU has been to the White House more than any other visitor. Some commentators have reported that's Stern's constant trips to the White House is due to his participation in reviewing the basic components of the health care bills as they are developed by the houses of congress. Why is this particular legislation so important to the unions? Because the unions pensions plans are woefully underfunded. The hope is once Obamacare is passed union workers will eventually be shoved over to the co-ops (or an eventual government option), freeing up union cash to help with the pension program. As of this very moment the administration is working on a plan to give preference to Union Shops for ALL federal contracts. The proposal, dubbed the “High Road Contracting Policy,” was first reported by The Daily Caller in early February. According to multiple sources familiar with the discussions, the proposal would give preference to government contractors that pay their hourly workers a “living wage” and provide additional benefits such as health insurance, employer-funded retirement plans and paid sick leave. In other words, they will be "cutting out" the non-union shops and raising the price of jobs, and increasing the federal deficit. In your opinion, is Obama being used as a catalyst to cover up for the union bosses and their poor judgment and are we as tax payers going to get stuck picking up the tab? Here is the article along with a list of 108 union plans that aren't looking too hot: http://yidwithlid.blogspot.com/2010/03/how-coming-union-pension-plan-collapse.html

Here's my story, sorry if it's a bit lengthy. At the tragic expense of my grandfather's sudden and early death, I've recived my multi-million dollar inheritence earlier than anticipated. He was an executive for Warren Buffets Berkshire Hathaway and bought up several hundred shares of stock while they were dirt cheap. My current financial situation is this: A 41 year annuity of $207'000.00 a year (Actually direct deposits monthly.) Also a secluded cabin in the Hawaiian islands as my permanent residence, and 1.5 Million remaining in uncommited dollars spread out in three bank accounts, that will be my retirement when my annuity runs out at the age of 61. As you can see, I'm a 20 years man and set for life. Further more, and you can correct me if I'm wrong about this, that's why I'm here asking, but it would seem that I have nothing to lose when I go in for my final check. You see, a week from this friday, I go in for my final check. I am assistant manager at a golf course and absolutly despise the boss. She has made the last year of my life miserable, and instead of going out with a handshake, I'm thinking of going out with a literal bang. Because, I live in Pensacola county Florida, and my flight to my new life in Hawaii is 11am a week from friday in Tampa. So, two hours before the flight, I get there at opening at 9am, noone else is there, I get my check, rough her up a bit then high tail it out of there. This is my opinion: Even though Tampa, the location of an airport is a neighboring county, the process of extradition remains nonetheless. So, even if she can tell the police I'm there (Which I do not believe she would know), there would be way too much legistical stuff to be able to get me before the flight takes off. (Even if they did, i could pay my bail, then leave, and consider it worth it.) And, although a state wide warrant for my arrest would be issued (And as a person who interned for the DA in high school I know it would be only statewide) it would not affect me anywhere else. I can guarantee that the DA's office will not pay precious money out of their budget to extradite me all the way back from Hawaii over a simple assault charge. Also, she's in no position to sue: My annuity and my bank accounts except for one small one is all Swiss based. Will SOME Swiss banks disclose the accounts existance? Yes, but I'm not concealing them anyway, and they still will NOT aid any US court or IRS in freezing, garnishing the funds in any way. Plus nonpayment is judgement is not a criminal offense, it's civil. But even before that, she knows who can afford the much better attorney, and suing across state lines, plus the travel expenses of coming to the islands, simply costly to the extent that it wouldn't be in her udget. I hate her, but stupidity is not the reason. She's smart enough to realize what I just said. Without lectures, without telling me to get over it and enjoy my new freedom (Believe me I will afterwards) am I foolproof? A week from today I should say

I am a college student and I am looking to start investing in something that will give me a decent amount of cash later down the road(maybe retirement age or sooner). I was thinking something where I would deposit about $50 a month into it during college and then more once I graduate and start working. What would you recommend the best account type would be? I have hear mutual funds maybe? Any other suggestions would be great, thanks.

who are on Social Security. How did we get to be so called criminals in the first place? To all the young people out there footing the bill for Social Security. Lets put the blame where it is due. Q.Who introduced Social Security in the first place. A, Franklin Roosevelt (FICA). A democrat . He promised participation would be completely voluntary. ( of course you couldn't get retirement benefits, if you did not participate) . No Longer Voluntary. participants only would pay 1% of the first $1,400 of their annual incomes. Now we pay 7.65% and employee pays same amount. that the money participants elected to put into program would be deductible from their income each year. No longer tax deductible. the money that participants put in would go into Independent trust fund and not into the general trust fund and would only be used for Social Security retirement program and no other government program. until Johnson ( Democrat ) . Money was moved into General Fund and spent. That the annuity funds would never be taxed as income. Under Clinton and Gore (Democrats). Up to 85 % can be taxed. Can you answer the following: Which party started taxing Social Security annuities A. The Democratic party with Al Gore casting the tie breaking vote as President of the Senate, while he was vice president. Q.Which party started to give annuity payments to immigrants A .Jimmy Carter and the Democratic party.they can collect , even if they never paid in a dime to it. Then after violating all the contracts dealing with social security , the Democrats tell you that republicans want to take away your Social Security. and the uninformed BELIEVE IT! Maybe if enough people know the truth , things will change. or maybe not , some Democrats are awfully sure of what isn't so. When Social Security was started, all money was to be invested to draw interest, and that money was suppose to be reinvested etc. and all kept in Social Security fund that way all the money I put in would be there when I retired, and make up for inflation. That way all money put in today would be going to the people who are putting their money in now. Social Security would never go broke and it would pay forever. If the plan was voluntary the only people able to collect would be the people that put their money in , in the first place. I feel sorry for the young people of today , they have every reason to be angry. They will pay in , but will they be able to collect? Please don be angry at the Seniors as they were used just as you are now.

I'm 21, and I'm trying to decide between working my butt off for 5 to 10 years (from age 21 to either 26 or 31) and putting 100% of it into a mutual fund, or going to college for 4 years then doing the same type of thing for 5 years (from 25 to 30). The sooner I can get the money invested, the more time it has to grow with compound interest, meaning I need to start now. But without a degree, I could probably only make about $20,000 to $30,000 at best. Whereas with a college degree, I might be able to make $50,000 to $60,000 and invest more of it, and/or maybe have money left over to rent a small place of my own. Anyway, I'm asking this question to people in their 30s and older, since I want to know: What was your youth worth to you? In other words, would I be more likely to regret not having more fun in my 20s, or would I be more likely to regret that I didn't have half a million dollars in the bank by 30 (which could grow to $7 million or more by retirement)? I'm female and single with very little relationship experience, if you want to factor in society's age discrimination into the equation for quality of life, relationships, etc. Should I go to college and then start investing, or invest for 5 years and then go to college at 25, letting the money grow interest? Thanks. Compound interest calculator: Option 1: Invest $30,000 a year from age 21 to age 26, then enroll in college. Would have $200,000 by age 26, which would grow exponentially to about $6 million by age 65, even if no more money was added, and about $10 million if $10,000 a year was added from age 26 to age 65. Option 2: Don't invest anything yet, go to college until age 26, and then start investing $30,000 a year for 5 years, and $20,000 a year after that until age 65. This would leave me with $200,000 by age 31, and about $8.5 million by age 65. Option 3: Go to college for 8 years instead of 4, and start investing $50,000-$100,000 a year at age 30. This would leave me with about $700,000 by age 35, and between $16 million and $23 million by age 65, depending on if I invested $50,000 or $100,000. In other words, is it better to have tens of millions of dollars by your 60s, or is it better to have a couple million by late middle age, or is it better to have a few hundred thousand to about a million by early middle age? How much is youth worth? Molecular: Which option are you saying I should go with? I'm trying to factor in the value of youth, also, rather than just cold numbers by 65.

The Response from FEMA to Katrina The Iraq War Social Security unfunded commitments over $14 TRILLION Medicare has unfunded commitments over $74 TRILLION Medicare Part D has unfunded commitments over $18 TRILLION We have open borders. Many states can't get their state employee retirement funds fully funded. Some are only ~50% funded in some state. The public school system is ranked 30th in science and math compared internationally. No one has any clue what the FED does. The government gave us NAFTA and we now have virtually ZERO manufacturing and an economy that is 70% consumer economy. Can you help me with more reasons why not to trust the government and politicians with more of our lives and wealth?

Here's my story, sorry if it's a bit lengthy. At the tragic expense of my grandfather's sudden and early death, I've recived my multi-million dollar inheritence earlier than anticipated. He was an executive for Warren Buffets Berkshire Hathaway and bought up several hundred shares of stock while they were dirt cheap. My current financial situation is this: A 41 year annuity of $207'000.00 a year (Actually direct deposits monthly.) Also a secluded cabin in the Hawaiian islands as my permanent residence, and 1.5 Million remaining in uncommited dollars spread out in three bank accounts, that will be my retirement when my annuity runs out at the age of 61. As you can see, I'm a 20 years man and set for life. Further more, and you can correct me if I'm wrong about this, that's why I'm here asking, but it would seem that I have nothing to lose when I go in for my final check. You see, a week from this friday, I go in for my final check. I am assistant manager at a golf course and absolutly despise the boss. She has made the last year of my life miserable, and instead of going out with a handshake, I'm thinking of going out with a literal bang. Because, I live in Pensacola county Florida, and my flight to my new life in Hawaii is 11am a week from friday in Tampa. So, two hours before the flight, I get there at opening at 9am, noone else is there, I get my check, rough her up a bit then high tail it out of there. This is my opinion: Even though Tampa, the location of an airport is a neighboring county, the process of extradition remains nonetheless. So, even if she can tell the police I'm there (Which I do not believe she would know), there would be way too much legistical stuff to be able to get me before the flight takes off. (Even if they did, i could pay my bail, then leave, and consider it worth it.) And, although a state wide warrant for my arrest would be issued (And as a person who interned for the DA in high school I know it would be only statewide) it would not affect me anywhere else. I can guarantee that the DA's office will not pay precious money out of their budget to extradite me all the way back from Hawaii over a simple assault charge. Without lectures, without telling me to get over it and enjoy my new freedom (Believe me I will afterwards) am I foolproof? PS: I should mention that the bank accounts are Swiss based, and while they now disclose the existents of accounts to the IRS, they will not freeze/hand over any money. Plus the State of Hawaii SC has ruled that annuity funds cannot be touched for judgements/law suits. So she can't collect on anything if she sues, and failure to pay judgements is civil, not criminal. She would quickly find that out and not even waste money trying. Plus I hope she has a very good attorney, I don't think there's one I couldn't afford.

I hear these stories about people who have been working since they were 14 or 16 years old (they started while in high school) who are now in their 60's - and they are broke! Or on food stamps or something. How is this possible? If you started setting aside a measly 2% of your take-home paycheck into a basket of T-bonds and other slow-growing but secure treasuries, along with a few index funds, you'd be sitting on a million-dollar gold mine by the time you were eligible for social security. Remember, a dude who is 68 today who began working at age 16 would have began working in 1958! That means FIFTY-TWO YEARS of retirement savings should be built up! How is it possible for someone with such an advantage to be broke or poor? I am only 28, and I have only been working for three years (it took me until age 25 to graduate from college and law school), and I already have $110,000 saved up for my retirement. It's not hard - I just live frugally, drive an older truck, repair it myself, and I don't waste money on useless things like heroin or crack. If I can save up $110K by age 28, how is it possible for someone with FORTY YEARS more wisdom and work experience to be BROKE? I'm not even that smart!

I do not know anything about investments. I am a college student and am looking to start putting money away for 1 of 3 things. Either a college fund for my unborn child, retirement, or buying a home. Does the reason I want to save make a difference in the type of investment I choose? My mother started a Fidelity Magellan mutual fund for me when I was young. It's still there untouched. It took a dive when the economy went down, but is starting to rise back up. For a college fund for my child, what would be the best route to go for investing money over a long period of time? Same for retirement and homebuying. I'm not looking for you to tell me what to specifically invest in, I'm looking for some help to learn how it works.

A guy came up to me and offer a job that I can get a license for a broker only for 1 month and this what they do offering life insurance,auto and help w/ the retirement plans but I have to pay $99 for background check :o ??? So I went online and check it I found out that they have hidden charges every month $25 for some computer maintenance for your file???? The stupid thing I did is I gave my credit card number cause they want it to be automatic when they gonna charge the $99. So when he left I went to my bank and cancel the card. There's actually more on the story like he said IRA is better that 401k and they want it to turn it to a long term mutual fund hahahaha :O ???

I want to open a target retirement roth ira in addition to my 401k. or should i contact my 401k provider and switch the funds into a target type fund? or should i set up a new roth ira in a target fund i am researching? I dont really want my work money mixed up with the extra im going to contribute (its a small biz and they are weird and they have this stupid vested time for 3 yrs etc etc). So i geuss my q is: 1. What to do with my 401k which is in a money market a/c not doing alot. 2. Open a separate roth ira, or just move my existing 401k money into my desired fund and just contribute the extra to my existing 401k?

Pelosi wants to put a Windfall Tax on all stock market profits, including Retirement funds, 401Ks and Mutual Funds. When asked how these new tax dollars would be spent, she replied, “We need to raise the standard of living of our poor, unemployed and minorities. For example, we have an estimated 12 million illegal immigrants in our country who need our help, along with millions of unemployed minorities. Stock market windfall profits taxes could go a long ways to guarantee these people the standard of living they would like to have as Americans. We need to work toward the goal of equalizing income in our country and at the same time limiting the amount the rich can invest”. Is she crazy? She wants to take money from working American citizens that have been working for decades in order to help illegal immigrants? We are not talking about millionaires being taxed here as she so believes. We’re talking about the majority of working Americans that have been funding their retirement plans through their employer and otherwise, and according to the current tax law. Would it be right for Pelosi and the Democrats to rewrite these laws after Americans have been saving for their retirements is accordance with the current laws?

My sister always treats me without respect, even though I'm usually nice to her. She likes to act like she's my mother and bosses my around a lot. She likes to embarrass me in front of my friends and criticises me everyday ["Don't sit like that", "Don't wear that, you'll look ugly"]. She also treats our mom like that too; bossing her around and blaming missing clothing towards her. The ONLY person she is ever nice to is her "best" friend and would always brag, " Me and Susie are gonna do [insert some "amazing" thing] in college and we have the same ["crush", favourite clothing, singers, etc.]" and then acts like she's everything. Being also self-cenetered, she yelled at my dad when we didn't have a college fund (but he's saving for his retirement and loans don't pay for retirement; we also don't have a lot of money). I'm utterly sick of her behaviour (especially about the rudeness, blaming everyone, bosses around). When I try to ignore her, she's EXTREMELY mean and tells it on everyone, even to my friends (and really, everyone gives into her "charms). Most of my friends are now "stolen" away from me by her, and she would tell mean things about me to them. So what should I do? :[ Every conversation we have turns nasty and when I ginore her, she'll talk bad about me to others and start being mean to me... :[ My parents are aware of her behavioural problems but won't do anything about it...

and that person was never more than a median wage earner, how much more or less would they have compared to the Social Security Retirement System if they retired at the bottom of the crash in 2008? THE ANSWER: 400% MORE. LEARN BASIC MATH LIBERALS. Red, Someone at the poverty level makes 180% more. Get an education, son. J.C.

Nanaji Deshmukh, the person who is one of the person reponsible for establishing RSS and Bharatiya Jan Sangh in several states including then biggest state of India Uttar Pradesh, died on Feb 27 at the age of 1994. Other than his hard work in setting up RSS and BJS in UP and other states, he was the one who established the first Saraswati Shishu Mandir in India. He was the one who started the RSS mouthpiece Panchjanya. He was the one who brought socialists and BJS together and the first Non-Congress government was formed in India. And per his belief, that politicians should retire at the age of 60, he retired at the age of 60 from public life in 1980. Since then he was running Deendayal Research Institute founded by Nanaji himself in 1972 which is associated with The Wadia Group Apeejay Education Society (AES), Indian Council of Agricultural Research (ICAR), Khadi and Village Industries Commission (KVIC), India Development and Relief Fund (IDRF), Madhya Pradesh Council of Science and Technology (MPCST), India Development Coalition of America (IDCA), Department of Elementary Education (DEE), The Sir Dorabji Tata Trust, Ayurveda Yoga & Naturopathy Unani Siddha and Homoeopathy(AYUSH) and Sewa International (SI). Since his retirement, he issued only one political statement, that I don't want to mention now. How do you remember Nanaji? How do you want to pay tribute to him? I pay tribute to him for his post political life as a good social worker. Shy, I reserve rights to select my best answer. And all the information provided by 3rd Umpire is on Wikipedia. http://en.wikipedia.org/wiki/Nanaji_Deshmukh Did you see, that I paid tribute to him for his social work after retiring from public life? To All: Do you know what was the only political statement after taking leave from public life? @ The Bull, I did answer your question. Sorry, DRI is not a sangh parivar institute. To 3rd Umpire, I say the same thing to you as I said to Shy, I reserve right to select my best answer. And I don't need certificate from you whether I am biased or unbiased. All the information provided by 3rd Umpire is available on Wiki, however he shows another link. It does not matter. As far as good information is provided, the person deserves the best answer. I would have selected his answer as best answer but because of his last edit, in which he made some personal comments, his answer looses right to be selected as best answer. And I am fair according to me, and I don't care what others thing. The second best answer is from Sudan. Before selecting that answer as best answer I would like to correct him that Late Mr. Deshmukh had taken retirement from public life in 1980 and since then he was a social worker. Dr. Kalam praised a social worker not a RSS activist. And DIR is not a RSS institute.