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Sara, I would tend to agree with many of the comments already posted. A properly allocated and diversified portfolio can put you in a good position to earn annualized returns of 7% or more, however, there is risk involved and there would be no guarantee. ...(more)
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Randy Brunson Level 17
Good question Sara, A 7% return isn't unreasonable to expect, over an appropriate measuring period. I'm a bit concerned that you are looking to "ensure" this each year. As Prateek references above, a 7% return is possible, though there will be some ...(more)
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Rich Winer Level 20
Sara, It's not unreasonable to expect a 7% average annual return from a diversified portfolio of stocks and bonds over a full market cycle; but there is no guarantee. Also, as Prateek implied, since we have not had a severe bear market since 2008, when ...(more)
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The only way to ensure a minimum 7% return is by investing in Investment Grade Bonds that are paying 7% in interest. Unfortunately, in today's low yield world, it is an anomaly. You have to be willing to accept credit risk to have a chance at earning ...(more)
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A.J. Blackstone Level 14
As long as you have "ensure" and "invest" in the same thought, you aren't ready to invest.
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Herbert N Glass Level 18
Hi Tanya, If you are a participant in your employer's Qualified Retirement Plan (such as a 401(k) plan), and if such plan allows "Hardship Withdrawals" then you may be able to receive what is called a Hardship Distribution from the plan. The reason I ...(more)
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Simon Sun Level 1
Hi, It depends on the policy of the company. Some companies have the gap period from the repayment of the last 401K loan to the next loan. You should be able to find out the detail in the your 401k plan disclosure. However, I do not recommend taking ...(more)
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Does your company offer a 457 plan for highly compensated employees? Some do, and it may not be a benefit they promote company-wide due to the fact that only some employees qualify. Hopefully you have a CPA / accountant and their tax strategies should ...(more)
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Hi William, The best way that an advisor like myself would approach your question would be to first sit down with the two of you to review your monthly expenses and retirement goals, and then ask you several questions about other areas such as your current ...(more)
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There are multiple factors that come into play when figuring out your contribution limits for qualified plans (401k) and IRAs. Speak to an accountant and/or an advisor to discuss the income limits about the limitations for an IRA tax deduction contribution. ...(more)
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Brent mentioned great points, as well as you can look into tax-free investments that will generate you income tax-free on the State or Federal Level, and possibly even both. Speak to an Advisor and explain to him your goals, where you are right now in ...(more)
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Contact the HR department and ask them for "distribution paperwork", or you can call the 401(k) provider and ask them to email or mail you distribution paperwork. After receiving the distribution form schedule an appointment with an Advisor, or Institution ...(more)
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If you have 401 k money their, you need to open a self directed IRA at one of the discount brokerage firms like Fidelity. Then fill out a form to transfer the money. This will happen automatically . If they just owe you money, and will not pay you. You ...(more)
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You can still contribute to an IRA. If you make too much to deduct your IRA contributions, you can make a non-deductible contribution then turn around and convert all of your IRAs into a Roth using a Roth conversion. If you have some other tax-deducted ...(more)
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Mr Fox. I have no idea who you are , or why you would ask such an inane Question as such. What was your net income last year?
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