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I am 62 years old and plan to work until I am 68.5. I have a

i am 62 years old and plan to work until I am 68.5. I have a small pension with my company that I can collect at 65 (it won't get any higher after that age). It will be worth about $84,000 and the monthly payment will be about $484.00/month. I have a 403b with the company that I will collect when I retire at 68.5. My question is, should I take the monthly payment on the pension or role it over into an IRA and let it grow more until I retire?

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Chad Caros

Certified Financial Planner(R), Pro

Master's Degree

254 satisfied customers
I have 401(k) from work. I am over 59.5. I plan to retire.

I have 401(k) from work. I am over 59.5. I plan to retire. Part of my plan is in ESOP (which came about as employer using company stock to match my contributions), another part is what I bough in company stock on my own, and the third part is other mutual funds. I also have a pension plan from my employer -- I can either take a lump sum from this plan on retirmet or get paid monthly as annuity. I would like to utilize NUA treatment. Which part of my 401(k) qualifies for NUA1) company match invested into the company stock2) company stock that I bought on my own3) retirement lump sum distribution

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

21,898 satisfied customers
What's the "low down" or, scoop on the "26 (f) plan" for

What's the "low down" or, scoop on the "26 (f) plan" for investments? I am 75, currently getting SS payments and drawing from my SEP-IRA.

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PDtax

Owner

Master's Degree

7,968 satisfied customers
A colleague is trying to engage me in the life insurance.

A colleague is trying to engage me in the life insurance. The name of the company is American united life insurance company of new York. l post information below for you to study about it and you can give me informed advise if this is something good for me to buy or not. l am 52 years old and my wife is 40 years old. it sounds good. it looks like there is no that much risk for the premium l will be paying for years to come. l am not sure how much l and my wife contribute monthly. our income is like 6,000 per month gross.It says income you can count on. Secure income stream annuity. on the road to retirement, you will want to build enough income to enjoy life when you get there. consistent, predictable income can support your lifestyle throughout your retirement years. take steps today. Establish guaranteed income for your tomorrow. Where do yousee yourself?Too often today, the pensions that past 15 years from retirementConsider a few examples that demonstrateSecure Income Stream's flexibility and theguaranteed, predictable income it can provide.to off today the pension that past generations enjoyed have disappearedor don't provide enough income to fullysupport today's longer, more expensiveretirement lifetimes.Wherever you are in preparing forretirement, the Secure Income StreamAnnuity from American UnitedLife Insurance Company" (AUL), aOne America' company, can be a part ofyour overall retirement picture.Note: All guarantees are subject to theclaims-paying ability of AUL. All numericexamples are provided for explanatorypurposes only. The examples are based onpurchase rates effective Dec. 2,2013; refer topage I1 for the rates used. Future purchaserates are subject to change. The followingincome payment options were used in theexamples: Life with Cash Refund at Deathfor 15years from retirement, |oint Lifewith Cash Refund at Death for 7 yearsfrom retirement and Joint Life for 5 yearsinto retirement.Help get your "retirement-ready self" off to a goodstart. Secure Income Stream can provide you a sourceof guaranteed predictable income to last for yourentire retirement.anAnnualinvestment offor 15 years$12,861.61guaranteedannually beginningat age 657 years from retirementUse a portion of your current retirement assetsto create guaranteed income for your retirementready moment.Place $200,000 intoSecure lncome Stream at age 60$600,000nest egg$15,28 4.46guaranteedannually beginningat age 67.5 years into retirementYou are in the driver's seat. Your guaranteed incomecan start in the latter part of your retirement and mayallow you to spend down your other retirement assetsin earlier years.Place $200,000 intoSecure income Stream at age 70$t,000,000nest egg$+2,264.34guaranteedannually beginningat age 85 Income you can count onThe key to starting day one of retirementwith confidence is having at least enoughguaranteed income to cover your "must haves," like housing, health care, food andclothing. Secure Income Stream can helpprovide a foundation for your income needs.Add predictability to your future.Three important

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PDtax

Owner

Master's Degree

7,968 satisfied customers
I am 58 years old and retired from the military in late

I am 58 years old and retired from the military in late 2014. My pension is enough to support my wife and I in our current standard of living. While in the military, I invested in the Thrift Savings Plan (TSP) and currently have just short of $100K in it (non-Roth). Since I am no longer in government service, I cannot contribute to the TSP. I am basically just sitting here and watching it grow (or shrink). I am considering rolling the entire amount over into either investment funds, IRA (traditional or Roth), etc. I am just not sure which way to go with it and what the repercussions might be. I do eventually want to use some of the money to travel abroad while we are still young enough to do it. Do you have any recommendations?

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TaxRobin

Vocational, Technical or Trade School

25,318 satisfied customers
I havew a question with regardds to tax on settlement funds

I havew a question with regardds to tax on settlement funds received. We are receiving a small settlement soon from a family medical malpractice case and I am seeking input on the best way of distribution that won't incur us any tax burden.The money is being distributed to 3 parties equally, all sibling of decedent, and will go into a trust account setup for each families minor children.Should we setup the trust account first and have funds directly deposited there from settlement or is it ok to receive funds and then setup trust in their names.Trust fund will either be in form of Mutual Fund or a 529 Plan for their Education.JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: None

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

21,898 satisfied customers
I am contemplating taking my IRA out of stocks and put into

I am contemplating taking my IRA out of stocks and put into reserve until I see what 2017 will bring. I lost half my portfolio in 99/2000 and am not feeling too great about what I'm reading regarding the new president. So is it ok to do this or is this silly?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

21,898 satisfied customers
G! I was wondering if you could tell me if these fees seem

Hi Stephen G! I was wondering if you could tell me if these fees seem in line that we were charged for our Roth IRA through our accountant? Bot***** *****ne is we don't have much but are trying to play catch up! I asked for an "Investment Analysis" of our investments with them that they are managing. I have no idea what they do, just that we both have an IRA account with them. We transferred it to them to manage in mid 2014. I just got the report and don't know whether we are doing good or bad! Our contributions are $540/month for each of us and we transferred $19,000 to them in 2014. So since that time the bot***** *****ne of the analysis is we contributed $72,000. Market value is now $76,000 for a "net gain/loss of fees of $4300. The fees for that time period were $1150. On the monthly contributions we paid $195 in 2014 on $4320 for my IRA. $255 on $6480 in 2015 and $306 on $5940 in 2106. My wife paid $310 on $5500 in 2016. If that makes any sense to you (it doesn't to me!) are we being charged fairly?

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

11,130 satisfied customers
Can you provide a CAGR calculator that will calculate more

Can you provide a CAGR calculator that will calculate more than 1 year? In my case I am looking to calculate for 4 years. I have found a good CARG calculator at https://financialengines.com/education-center/topics/calculators/investment-return-calculator/, but it is only for up to 1 year

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Mark Taylor

Certified Public Accountant

Masters

3,376 satisfied customers
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