We are a couple.We both have roth IRAs and are planning to retire 30 years from now.Anybody know about some good “American funds” that we can invest into our Roth IRAs?Thanks
I exceed income limits for traditional IRA deduction but thought I’d open one to take advantage of long-term tax-deferred growth. However, a friend recommends investing in low-cost index funds in a taxable account, as capital gains taxes (currently) are only 15% and that withdrawls from an IRA later on will likely be at a greater rate than this (depending on my future tax bracket). Does this make sense? Is there something he’s not factoring in?
Links to sites with information are appreciated.
I am going to be getting out of my job in February and I need to lower my amount that I put into the investing each month. Do I just talk to my financial planner and he can take care of that. Or anre there penalization fees? I just need to lower it for a while until I get a different job or get some other similar income. Ive done this through First Command, and they been investing my money through Pioneer Investments and Franklin templeton.
Please include basics and specifics. Any related information would be great. Thanks!
Lastly, are Growth Mutual funds different from Mutual Funds?
Right now we each have 50 bucks a month put in to the Growth fund of america and the Capital World Growth and Income Fund…. wise allocation? or should we be doing something else
Isn’t an IRA or Roth IRA just a bunch of mutual funds or should I go to Investing 101?
Thanks.
I am planning to work in my current position for two years and then go to school for a full time MBA graduate degree. Can I contribute to my company’s 401k plan now and then withdraw the amount after 2 years to fund my college expenses without being subjected to the additional 10% penalty ? For this to happen, do I have to roll over the 401k savings to an IRA first, and then make the withdrawal for college expenses ? Are there any expenses involved in this process ?
Why should I have a vehicle to keep my mutual funds in? They are easily accessible when needed. I will be taxed at both points in time with or without a traditional IRA. The roth is not an option.
I had a Roth IRA opened by my mother-in-law for me and I need to know how to find the information on it. I cant ask her and I all the paperwork has been hidden from me. How can I locate the information if I don’t have any info myself. Can it be located by SSN or tax documents?
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