Roth IRA, Traditional IRA, 401K » stocks http://www.iraroth.net IRA Questions and Answers Tue, 17 Jan 2012 00:09:43 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Generally speaking, do most 401k plans allow the participant to invest in individual stocks? http://www.iraroth.net/2010/06/generally-speaking-do-most-401k-plans-allow-the-participant-to-invest-in-individual-stocks/ http://www.iraroth.net/2010/06/generally-speaking-do-most-401k-plans-allow-the-participant-to-invest-in-individual-stocks/#comments Wed, 30 Jun 2010 00:33:20 +0000 admin http://www.iraroth.net/2010/06/generally-speaking-do-most-401k-plans-allow-the-participant-to-invest-in-individual-stocks/ And by individual stocks, I don’t mean the company’s stock. I’m talking about non-employer stocks traded on an exchange.

In addition, do most 401k plans allow the participant invest in any mutual fund of his/her choice? Or do most 401k plans offer only a limited mutual fund selection?

*I know plans vary. But, this is just a general question.

]]> http://www.iraroth.net/2010/06/generally-speaking-do-most-401k-plans-allow-the-participant-to-invest-in-individual-stocks/feed/ 5 What happens to your debts, checking/savings account, stocks, and IRAs when you die? http://www.iraroth.net/2010/04/what-happens-to-your-debts-checkingsavings-account-stocks-and-iras-when-you-die/ http://www.iraroth.net/2010/04/what-happens-to-your-debts-checkingsavings-account-stocks-and-iras-when-you-die/#comments Thu, 29 Apr 2010 21:09:11 +0000 admin http://www.iraroth.net/2010/04/what-happens-to-your-debts-checkingsavings-account-stocks-and-iras-when-you-die/ Since there are a lot of possible variables, here’s my situation. I’m not planning on dying, just trying to figure how much life insurance I should have and what I can do ahead of time.
Single. Live with both parents. No dependents.
10k student loans
10k ING savings
10k stocks
2k IRA
2k credit card debt
4k car in my name

So far I’ve learned on Sallie Mae.com that student loans are eligible for discharge upon death. Good reason not to pay them off when you have a nice 3% interest rate.
Now, I’d like my parents to be able to just take my car, savings/checking accounts (they have the same bank), Roth IRA, and stocks in the event of my death. How can I allow them to do that?
Which of my debts become null? And what accounts can they claim without any effort? What can I do to make things easier for them? Also, how do taxes come into effect.
I hope others may find your answers useful as well.
Sallie Mae website about loan discharge.

http://www.salliemae.com/after_graduation/manage_your_loans/borrower_responsibility/understanding/discharge.htm

]]> http://www.iraroth.net/2010/04/what-happens-to-your-debts-checkingsavings-account-stocks-and-iras-when-you-die/feed/ 9 What is the advantage of a traditional IRA to just owning stocks and mutual funds? http://www.iraroth.net/2009/12/what-is-the-advantage-of-a-traditional-ira-to-just-owning-stocks-and-mutual-funds/ http://www.iraroth.net/2009/12/what-is-the-advantage-of-a-traditional-ira-to-just-owning-stocks-and-mutual-funds/#comments Sat, 05 Dec 2009 02:39:27 +0000 admin http://www.iraroth.net/2009/12/what-is-the-advantage-of-a-traditional-ira-to-just-owning-stocks-and-mutual-funds/ 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.

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