Archive for December, 2010

Is it better for me to start an IRA now or wait until after college and use my jobs 401k plan?

Tuesday, December 28th, 2010
Ty C asked:


I’m 21 and about to get out of the Marines and start college. Do people usually open an IRA and enroll in there companies 401k plan?

Studded Snow Tires
Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • Bumpzee
  • del.icio.us
  • Facebook
  • Furl
  • Mixx
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google

Is there a time limit in which to claim a deceased 401K account in the state of Pennsylvania?

Monday, December 27th, 2010
asked:


Hi my mother died back in July of 2005 and I just found out that I was the sole beneficary of her 401K account. She did died in Pennsylvania. Anyway I was wondering if there is a time limit to claim her 401K account or is it too late.

Residential Metal Roofing
Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • Bumpzee
  • del.icio.us
  • Facebook
  • Furl
  • Mixx
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google

Can anyone give me advantages to investing 401k into employee stock option plan?

Sunday, December 26th, 2010
elibound asked:


My companies holding co. is selling off . My co.now wants the employees to invest 401k and profit sharing monies into the ESOP program to purchase the company. Is this a good idea and can a good retirement be made from these kind of ventures? Any help on this topic would be appreciated.

Gastric Bypass Surgery
Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • Bumpzee
  • del.icio.us
  • Facebook
  • Furl
  • Mixx
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google

Should i spend my 401k on tuition or just try to pay out of pocket?

Friday, December 24th, 2010
minnie asked:


I have a little money in my 401k and i dont receive financial aid. I make 420 every two weeks. So should i just pay out of pocket or use my 401k.

How Do I Get Out Of Debt
Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • Bumpzee
  • del.icio.us
  • Facebook
  • Furl
  • Mixx
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google

I have 401k from my employer, do I still qualified to open an IRA?

Saturday, December 18th, 2010
asked:


I am contributing to my 401k on a regular basis, and also have 401k from my previous employer. Do I still qualified to roll over the “old” 401k to an IRA? Is there any guidelines?

Wedding Bouquets
Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • Bumpzee
  • del.icio.us
  • Facebook
  • Furl
  • Mixx
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google

Why is at working at companies you have to work there for one before signing up for a 401K plan?

Wednesday, December 1st, 2010
new name asked:


Like companies like Ace Hardware and Wal-Mart would be examples of this. Why do they make the example wait so long to sign up for thier 401K plan? Why such a long wait for the 401K plan?

Thansk for the help!

Loan Finder

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • Bumpzee
  • del.icio.us
  • Facebook
  • Furl
  • Mixx
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google