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7 votes
Barry Rabinowitz Level 19
hi: I do not know your age or your Asset Allocation to emerging markets. In general i recommend 10-15% allocation to emerging markets. I like buying what has done poorly recently, and emerging markets fell about 20% in 2011.
7 votes
Michael, Upon your son turning 18, the UGMA account can be retitled into an account with his name and the assets transferred to that account. There will be tax implications if there are securities held in the account and they are sold or redeemed. Please ...(more)
2 votes
There is a tax credit for retirement plans in general if your adjusted gross income falls within the parameters, not necessarily just a ROTH IRA. See form 8880: http://www.irs.gov/pub/irs-pdf/f8880.pdf
2 votes
Barry Rabinowitz Level 19
No-to contribute Any monies to a retirement plan-Roth or traditional IRA- you must have earned income. Earned income is income from salary or a businesss- not from soc sec, pensions or interest income.
7 votes
Barry Rabinowitz Level 19
Hi: A bond ladder is used as follows: You allocate 10% of your funds to buying bonds maturing in 1 year, 10% in bonds maturing in 2 years....... the same going out to 10 years. So you have an average maturity of 5 years. This is usually a good strategy- ...(more)
4 votes
Jessica, great questions. Unfortunately the answer to your questions depends on so many things: desired lifestyle in retirement, fixed income sources in retirement, current assets, and so on. As for how soon to start saving, AS SOON AS POSSIBLE! You ...(more)
16 votes
William, great question! There actually isn't an age limit on the Traditional IRA to Roth IRA conversion. There are a few benefits to the conversion but also a few things to think about before doing it. First, the benefits: 1. Converted funds are no ...(more)
4 votes
The answer to this question really depends on your individual financial situation. As such, more detailed information is necessary to make an informed decision on how to proceed. Without this additional level of detail, it is difficult and imprudent to ...(more)
2 votes
That is a question that depends on you - how much you save, when you start saving, your investment rate of return, your risk tolerance, when you want to retire, what you want youre lifestyle to be in retirement and many other factors. You should really ...(more)
7 votes
Refer to Ed Slott at www.irahelp.com - he is the foremost expert on the every changing rules surrounding IRA's and related tax laws
6 votes
I would suggest using your employer sponsored 401(K) and take advantage of any matching that is offered by your company. After that, if you have free cash flow and fall underneath the income threshold, I would suggest saving into a Roth. If you are ...(more)
2 votes
As Jim Cramer says "there's always a bull market somewhere" - if you have money to invest, you should work with a professional to design an asset allocation for you saved on your risk tolerance, time frame to goal and tax situation. While you may not ...(more)
3 votes
In the most basic of terms, your 401(k) is a plan you participate in controlled by your employer with set specific investment options. You do not "own" the money. In an IRA you own the money and generally have a much broader selection of investment ...(more)
2 votes
Generally I advise clients to rollover their 401(k)'s into and IRA and consolidate their accounts with a trusted advisor who will hopefully do a good job of watching over your money while you are focusing your time and energy on graduate school. You ...(more)
2 votes
Here is a link you may find helpful http://www.classesusa.com/schools/30426-page1.cusa
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