What is the best retirement savings plan to invest in?

What is the best retirement savings plan to invest in?
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1 Answer

Answer :

The best retirement savings plan to invest in depends on your financial needs and what works for you. You should meet with a financial advisor and look at the different options available.
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Related questions

How much is this employee contributing to his her retirement savings plan each pay period?

Description : How much is this employee contributing to his her retirement savings plan each pay period?

Last Answer : What is the answer ?

Are mutual funds able to be held in a registered retirement savings plan?

Description : Are mutual funds able to be held in a registered retirement savings plan?

Last Answer : A registered retirement account can invest in stocks, bonds and mutual funds.

Is it better to invest in your life now or for retirement? What is a proper balance?

Description : Is it better to invest in your life now or for retirement? What is a proper balance?

Last Answer : answer:You don't say how old you are. While a dollar saved at age 25 is three times as valuable as a dollar saved at age 50, your salary is also generally lower at a younger age. 10% ... your returns. And then enjoy your life knowing you are saving for later but not being overly concerned about it.

I have $6,000 in my savings and want to invest it. Any ideas?

Description : I have $6,000 in my savings and want to invest it. Any ideas?

Last Answer : Have you paid off all your credit card bills and high interest loans? Unless you are a fortune teller (or connected) the market is a risky place. Firearms manufacturers seem to be doing quite well. But your mileage may vary.

Banks in the US, active with the FDIC, only insure $100,000. So if a person has, for example, 10 million dollars and wants to deposit the money in a bank, does he have to look for 100 banks or is there another way to invest that is as low risk as a savings account?

Description : Banks in the US, active with the FDIC, only insure $100,000. So if a person has, for example, 10 million dollars and wants to deposit the money in a bank, does he have to look for 100 banks or is there another way to invest that is as low risk as a savings account?

Last Answer : A person with 10 million dollars probably has a diversified investment portfolio with a variety of risk levels and return levels. As a result, his insurance is that not everything will collapse at the ... 10% above inflation, banks are a very poor choice for someone with lots of money to invest.

If a company is given credit terms of 2/10, n/30, it should a. hold off paying the bill until the end of the credit period, while investing the money at 10% annual interest during this time. b. pay within the discount period and recognize a savings. c. pay within the credit period but don't take the trouble to invest the cash while waiting to pay the bill. d. recognize that the supplier is desperate for cash and withhold payment until the end of the credit period while negotiating a lower sales price.

Description : If a company is given credit terms of 2/10, n/30, it should a. hold off paying the bill until the end of the credit period, while investing the money at 10% annual interest during ... desperate for cash and withhold payment until the end of the credit period while negotiating a lower sales price.

Last Answer : b. pay within the discount period and recognize a savings.

How can I earn the most on my retirement savings?

Description : How can I earn the most on my retirement savings?

Last Answer : The first strategy is to start as early as you can to save for retirement. Once you've established an account make regular systematic deposits.

What is a Retirement Savings Account?

Description : What is a Retirement Savings Account?

Last Answer : A retirement savings account will never be named as such, but there are certain types of investments that simply work best when saved for retirement. Among them - The annuity. Many annuities have maturation ... IRA and the Roth IRA, and the instances in which they could take advantage of both types.

2. Which of the following groups is most hurt by unexpected inflation? a. workers with cost of living adjustments in their labor contracts b. homeownersc. people with large debts to pay for their homes and carsd. people with large retirement savings held in savings accounts

Description : 2. Which of the following groups is most hurt by unexpected inflation? a. workers with cost of living adjustments in their labor contracts b. homeowners c. people with large debts to pay for their homes and cars d. people with large retirement savings held in savings accounts

Last Answer : d. people with large retirement savings held in savings accounts

What is your retirement plan?

Description : What is your retirement plan?

Last Answer : I hope to be healthy and wealthy enough to travel. When I was married, we had a camper and our plan was to go all over the country in the camper. I have since decided that is way too much work and would rather travel by car or plane and stay in nice hotels.

Pension Plan Retirement Options?

Description : Pension Plan Retirement Options?

Last Answer : Pension Plan Retirement OptionsChoosing between pension options can be a difficult task.Choosing an option that guarantees your spouse pension benefitsafter your death means extra security but also ... calculator to help decide which pension option works best foryour particular retirement needs.

How To Plan For Your Retirement?

Description : How To Plan For Your Retirement?

Last Answer : From annuities to Roth IRAs and from savings to ModifiedEndowment Contracts, retirement planning can be a littleoverwhelming. A person has to be aware of the many options thatthey have available ... insurance contracts which are designed to provideincome and assist you in achievement of long-term fi

Retirement Calculators: What Information Do You Need to Plan Your Retirement?

Description : Retirement Calculators: What Information Do You Need to Plan Your Retirement?

Last Answer : Retirement?For many, planning a first retirement from their beloved job canbe a scary and intimidating thing. There are calculators on theinternet that help you plan for your future a little better ... that deal with interests, pensions and savings. You caneither calculate this yourself, or find a

George Thriftless is 45 years old, earns $50,000 per year, and expects that his future earnings will keep pace with inflation, but will not exceed inflation. He has not yet saved anything toward his retirement. His company does not offer any pension plan.?

Description : George Thriftless is 45 years old, earns $50,000 per year, and expects that his future earnings will keep pace with inflation, but will not exceed inflation. He has not yet saved anything toward his retirement. His company does not offer any pension plan.?

Last Answer : George Thriftless is 45 years old, earns $50,000 per year, and expects that his future earnings will keep pace with inflation, but will not exceed inflation. He has not yet saved anything toward ... expects to receive $12,000 per year in Social Security benefits, he cal­culates that he will have t

Are there any circumstances where I can take an early withdrawal without penalty from a 401K retirement plan?

Description : Are there any circumstances where I can take an early withdrawal without penalty from a 401K retirement plan?

Last Answer : There are a number of restrictions and requirements regarding early withdrawals from a 401K. Additionally, the IRS regulations often change. Your best bet is to discuss your situation with your fund manager or consult with your tax professional.

what are the advantages and disadvantages of a defined benefit retirement plan?

Description : what are the advantages and disadvantages of a defined benefit retirement plan?

Last Answer : The advantages of a defined benefit retirement plan is that you will be clear from the outset what benefits you will have and be able to plan accordingly throughout your work years. An major ... the terms within the plan to adjust for new conditions that might arise throughout your work year.

How is a defined benefit retirement plan different from an annuity plan?

Description : How is a defined benefit retirement plan different from an annuity plan?

Last Answer : A defined benefit plan is one that your employer pays for over the period of time you are employed with them. An annuity plan is a program that you invest in for your retirement. Both are payable ... of your retirement. Defined plan is a fixed amount. Annuity depends on the terms of your contract.

Can an individual contribute to an IRA and another retirement plan at the same time?

Description : Can an individual contribute to an IRA and another retirement plan at the same time?

Last Answer : Yes, individuals can contribute to a traditional IRA whether or not they are covered by another retirement plan Small catch... they may not be able to deduct all of their contributions if they ... retirement plan. Note that contributions to a Roth IRA are not deductible and income limits apply.

How does one contact a retirement plan administration?

Description : How does one contact a retirement plan administration?

Last Answer : www.gnapartners.com/ is where you can contact a retirement plan administration.

How to Set Up a 401k Retirement Plan Without an Employer?

Description : How to Set Up a 401k Retirement Plan Without an Employer?

Last Answer : Not everyone works for a company that supplies its employees with 401k retirement plans. Many companies simply do not offer them. Other people may be independent contractors or small business owners. Whatever ... income than what was contributed into the plan during a certain part of the tax year.

Developing a Plan for Retirement?

Description : Developing a Plan for Retirement?

Last Answer : Many young and middle aged adults are making the smart decision to plan for their future, and this involves developing a plan for retirement in their later years. It is common for working ... investments. Over time, your nest egg should grow more quickly with these different types of investments.

Never Touch Your 401k Retirement Plan?

Description : Never Touch Your 401k Retirement Plan?

Last Answer : When something big comes up, such as the need for a new car, you may be tempted to use the money in your 401k retirement plan to pay for it. This is possible, but it is not wise. ... gratification of a new purchase quickly, but you will not have enough money to retire comfortable in the long run.

Retirement Plan?

Description : Retirement Plan?

Last Answer : form_title= Retirement Plan form_header= Create your retirement plan and start saving now. At what age, do you want to retire?*= _ [50] How much are you putting to your 401k each month?*= _ [50] Does your employer match your contributions?*= () Yes () No () Not Sure

Are you penalized for withdrawing money early from your retirement pension plan?

Description : Are you penalized for withdrawing money early from your retirement pension plan?

Last Answer : Typically there is a fee for withdrawing money early from your retirement pension plan. However, there are exceptions to this rule. It is best to check with your specific provider to discuss your circumstances and learn their terms and conditions.

How does a 403b retirement plan differ from a 401(k) plan?

Description : How does a 403b retirement plan differ from a 401(k) plan?

Last Answer : It is always good to have a retirement plan you need to first decide what you want,this site http://www.nationwide.com/403b-retirement-plans.jsp will tell you about a 403b plan which differs from a 401k plan which is usually offered by your company.

What is a retirement plan calculator?

Description : What is a retirement plan calculator?

Last Answer : A retirement calcular takes your current age vs. the age you want to retire, the amount you may already have funded, the rate of interest you expect to draw vs. the amount you want to have at retirement and calculates your annual savings needed to reach that goal.

What is the tax consequence of the 401k retirement plan?

Description : What is the tax consequence of the 401k retirement plan?

Last Answer : A good tax consequence of a 401k retirement plan is that you can literally save money as the funds that are ususally tax-free. If you withdraw from your 401k plan, there is usually a large penalty.

How can I find a job with a retirement pension plan?

Description : How can I find a job with a retirement pension plan?

Last Answer : A retirement pension plan would be listed under benefits for any job you are considering. If you are fortunate to get an interview, make sure to ask specific questions about the retirement pension plan they are offering.

How does a 457 retirement plan work?

Description : How does a 457 retirement plan work?

Last Answer : A 457 retirement works by deducting any contributions out of your paycheck before the taxes come out. They are a great way to save money that is tax-deferred. Only those who are employed by nonprofit ... schools are eligible for the type of retirement plan. For more info please visit www.irs.gov.

Who can I talk to about my 401k retirement plan?

Description : Who can I talk to about my 401k retirement plan?

Last Answer : You can talk about your 401k retirement plan to people that know about retirement or companies that deal with retirement. Basically it is best to talk to people that deal with retirement.

Pension Retirement Calculator Helps Plan Your Retirement Years?

Description : Pension Retirement Calculator Helps Plan Your Retirement Years?

Last Answer : Employers in prior decades used to offer a fixed pension plan to their workers. This gave the workers a sense of security. They knew that after working for a certain number of years, they ... retirement. Most tools also include a Social Security calculator that will off set the pension amount. When

College Savings Plan?

Description : College Savings Plan?

Last Answer : College Savings PlanSaving for your children's education requires a long-term plan.And, like saving for retirement, the earlier you start your planthe better. Use this calculator to help develop or ... tune youreducation savings plan. Click the "View Report" button for adetailed look at the results.

Benefits of a 529 Savings Plan?

Description : Benefits of a 529 Savings Plan?

Last Answer : If you are unaware, a 529 savings plan is a plan set up to invest money that will be used for college in the future. A 529 savings plan has several benefits. Perhaps the most well known reasons ... of the plans do not require you to make minimum monthly payments either. It is possible to set one

If You Have Children You Need A 529 Savings Plan?

Description : If You Have Children You Need A 529 Savings Plan?

Last Answer : The cost of college tuition and related expenses is always onthe rise. One of the best ways to offset this expense is to investinto a 529 savings plan. A 529 plan is an investment account ... for the plans are set forth by the Internal RevenueService. Most plans offer incentives if the money is

What are the requirements of a 529 savings plan?

Description : What are the requirements of a 529 savings plan?

Last Answer : There aren't any requirements to get started. If you want to have your plan at a specific school, talk to a school officer to get started. If you want to start a general plan, talk to an authorized financial adviser in your state.

Could you explain how a 529 savings plan works?

Description : Could you explain how a 529 savings plan works?

Last Answer : A 529 Plan is an education savings plan operated by a state or educational institution designed to help families set aside funds for future college costs.

What information can you give me on a 529 savings plan?

Description : What information can you give me on a 529 savings plan?

Last Answer : 529 Savings plans are designed to help someone save for college. Most 529 plans are state sponsored.

I belong to the cvs/health savings pass. Soon I will have medicare. Will I save more on the cvs medicare part D plan ?

Description : I belong to the cvs/health savings pass. Soon I will have medicare. Will I save more on the cvs medicare part D plan ?

Last Answer : It usually does save you to have a suplamental plan. You can talk to a medicare counsilor and they can help you find what's best.

What is the benefit of a 529 savings plan?

Description : What is the benefit of a 529 savings plan?

Last Answer : The 529 plan has two types of plans, either the savings plan or the prepaid plan. The 529 plan lets you save for your child's education a lot easier. The 529 plan let's you save for many different colleges.

How do I apply for a 529 college savings plan?

Description : How do I apply for a 529 college savings plan?

Last Answer : Applying for a 529 college savings plan can be very difficult for most people to do since it is based on credit. The best way to apply is to simply contact your bank and ask for a credit application.

What is the best way to invest money?

Description : What is the best way to invest money?

Last Answer : The best way to invest money depends on an individual's financial goals, risk tolerance, and time horizon. A financial advisor can help you to determine the best investment strategy for you, but generally ... portfolio with a mix of stocks, bonds, and cash is considered the best way to invest.

Did I invest wisely?

Description : Did I invest wisely?

Last Answer : Would your dividends from the investment exceed the interest you willl pay on the loan?

Companies that invest my money and pay profit?

Description : Companies that invest my money and pay profit?

Last Answer : Apple pays a dividend. BlackBerry you can buy cheap. Tech stocks are good. Big pharmacy companies are high risk high gain from all the mergers.

Should the US invest in high-tech rail or skip it and go directly to self-driving cars?

Description : Should the US invest in high-tech rail or skip it and go directly to self-driving cars?

Last Answer : Yes, it makes sense to invest in both. They’re solving different problems. Self-driving cars have the potential to create a ton more traffic on our roads, and is much less efficient than trains.

What are some good public utilities in the United States to invest in?

Description : What are some good public utilities in the United States to invest in?

Last Answer : answer:Not sure what you're asking. If you're talking about privately-owned utilities that are traded on the open market, you'll have to research the individual companies. But man, what a ... utilities, like roads and stormwater drainage, I'm pretty sure your investment is your property taxes.

What do you invest in with one million dollars?

Description : What do you invest in with one million dollars?

Last Answer : A mixture of mutual funds, tax-free bonds and possibly some in money market funds or laddered CDs – although they have very low interest rates at this point.

Is it worth my time to invest in Bitcoin?

Description : Is it worth my time to invest in Bitcoin?

Last Answer : answer:I looked into this recently and decided: no, I missed the boat. The currency is valued pretty highly right now, so you're not likely to make money by waiting for it to gain value. Mining is ... up the guy who bought $27 in bitcoins 4 years ago and realized recently that he is a millionaire).

What are the best ways to invest money?

Description : What are the best ways to invest money?

Last Answer : Whar does “stack paper” signify?

Morality aside, is this a good time to invest in gun manufacturing companies?

Description : Morality aside, is this a good time to invest in gun manufacturing companies?

Last Answer : A lot of pension funds are dumping their firearms manufacturing holdings, which should keep some downward pressure on the stock prices. The demand for firearms and accessories is high, so their earnings should be good. With those kinds of fundamentals I’d say yes.

Is there a way one could invest in Hollywood movies?

Description : Is there a way one could invest in Hollywood movies?

Last Answer : Everyone knew The Avengers was going to score big. It would have been impossible to get some of that action. You would be better off paying for some film student to make that little horror ... with the Hollywood system, which has bookkeepers who are experts in hiding costs, and boosting expenses.