Answers and Guides from Top Financial Advisors

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David J Haas Level 8
Penny stocks are stocks which sell for under $1.00 per share. Note that the absolute price of a stock share has nothing to do with the worth of that share. Penny stocks are usually traded on the Over The Counter (OTC) Pink sheets. The name is from the ...(more)
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David J Haas Level 8
Hi Markus, You should call the Benefits department of AAON and ask them about your situation. Try this phone number: (918) 583-2266. If you have left AAON and have more than approximately $5000 in the account, then you have a choice of keeping your money ...(more)
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David J Haas Level 8
Hi Pedro, The most important thing is that you ARE saving money and contributing towards your retirement. Over the long run, the compounding you get will allow you to save a significant nest egg, which will improve your financial flexibility over your ...(more)
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Peter C. Karp Level 20
Kyle, First of all, if you are under 50 years old the most you can contribute cumulatively to a 401(k) plan is $17,500 for 2014 even if you have several jobs that offer you a 401(k). If you are over 50, you can contribute and additional $5,500. It is ...(more)
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Hi Rebecca, Congratulations. Not only are you fully employed, but you are getting your own place and you are starting to save for retirement. You give Millennials a good name. A Roth will be your best bet. Ask any expert if they believe taxes will ...(more)
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I generally agree with Keith and Curt. Target dates funds can be a great solution for those who are unsure about picking their own investments. They should offer you a diversified mix of investments suitable for your age and time horizon. Said simply, ...(more)
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I concur with Curt. Target Date Funds are designed to be more aggressive in the earlier years, and gradually become more conservative over time. So in affect, Target Date Funds decide the level of risk tolerance for you. Since you are 25 and want to ...(more)
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Vivian, What are you benchmarking? I've never seen an auditor do anything with performance other than confirm the numbers are correct. Are you looking more for plan cost information for similar plans?
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You're most likely in the 15% marginal tax rate, so a Roth could be a good option for you. If you suspect that your tax rate will be higher in retirement then Roth's are usually a good idea. Check and see if your 401(k) plan provider provides any investor ...(more)
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The answer to which one is the best is too difficult to answer with the limited information. Sometimes a ROTH make sense, other times its a traditional IRA that is best (you should look into your company plan and see if they have a ROTH option too). ...(more)
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Steven Kaye Level 1
Charles, here are some useful contact numbers for you: Kodak Retiree Service Center &Benefits Center: 1-888-719-0488 Kodak SIP Service Center: 1-800-747-4968 KREBA Kodak Retired Employees Beneficiary Association: 1-855-823-5534, www.k-reba.com
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If your employer offers group life insurance you can both sign up since you are both employees of the company. Here is an article that talks about some things to consider when buying life insurance. Hope it helps. http://www.bestlifequote.com/blog/getting-healthy-things-buying-life-insurance/ ...(more)
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Ted Jenkin Level 18
Quincy, Your best bet if you haven't done it already is to log in through whatever online system is offered by your 401(k) provider. If you haven't done it already you'll need to have your social security number handy (and possibly your account number). ...(more)
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I wouldn't recommend any average investor invest in penny stocks but if you are going to you should know to be very careful because there is a lot of risk and fraud in that area. To show a recent example of fraud in the penny stock realm check out the ...(more)
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Jason W Self Level 4
I was a senior portfolio manager at TIAA-CREF for 7 years. Your investment options likely include two that would be difficult to find replacements for it you rolled over your funds at another firm. This is TIAA Traditional and Real Estate. There are ...(more)
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