Answers in Retirement Plans

Your personal retirement plans will have to be your primary method of funding your retirement and you should consider all the tools at your disposal to plan for and achieve your retirement goals.
0 votes
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?
1 vote
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)
1 vote
Steven Kaye Level 2
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
1 vote
Layton Jacob Cox Level 10
It seems that you will easily be able to determine what plan to get into, but that won't get you to retirement. Tax breaks and benefits are nice and all, but you are the only person that can control your retirement destiny. 38 isn't exactly young, but ...(more)
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Ted Jenkin Level 18
I think Curt's comments are spot on. You really need to assess your income tax bracket and AGI and whether you will ultimately participate to the 401k plan this year to come up with the best option.
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You can actually contribute to a Roth account regardless of your income level, you'll just have to follow an additional step or two. If you are over the income limit you can contribute to a non-deductible IRA and then immediately convert the account ...(more)
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Your tax picture influences this decision, so you will want to consider the following. If you are eligible to participate in the 401(k) plan and chose not to, then you may not be able to deduct contributions to a Traditional IRA. If this is your situation ...(more)
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If the above links don't provide enough information for you. There is a subscription service Morningstar provides called Morningstar Direct. This program would allow you to create your pension plans portfolio and create a benchmark using indices to ...(more)
1 vote
Layton Jacob Cox Level 10
There a multiple different "benchmarks" for each asset class. I'm not sure how detailed you would like to get but I would suggest starting your search at one of these sites: http://us.spindices.com/ http://www.djindexes.com/ http://www.crsp.com/ http://www.russell.com/indexes/americas/default.page http://www.ftse.com/Indices/ http://www.msci.com/products/indexes/ https://index.barcap.com/ That ...(more)
1 vote
Layton Jacob Cox Level 10
Curt's right. The 5 year rule is only in regards to Roth IRAs. Good luck with your retirement!
2 votes
As long as your 401(k) is not a Roth, you can begin withdrawals immediately.
0 votes
Layton Jacob Cox Level 10
Best place to start would be to reach out to your HR department. This is something your plan administrator will have a record of. The plan administrator could be a large company or a local company. First step and most likely last step will be to reach ...(more)
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I agree with most of the previous comments about risk tolerance, age, dollar-cost-averaging and other suggestions. But here is one added point. If you are still working and contributing to a 401(k) plan you are probably under 65. An actuary would tell ...(more)
1 vote
David J Haas Level 9
Ronald, Your investment risk should be directly related to your risk tolerance. What goes into a risk tolerance? How long until you need the money is an important factor. But also how well you can sleep at night when your money is at risk. But owning ...(more)
1 vote
Layton Jacob Cox Level 10
The price of the plan always depends on the service. The Department of Labor has said that a "reasonable" fee must be selected. Reasonable depends on the service. If you are getting exceptional service from JHancock, then this fee may not be too high. ...(more)
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