401K Financial Planning

Troy S asked:


I am under 55 and would like to withdraw my retirement amount in a lump sum payment. They will take out the standard federal default and state tax amount. How much additional should I withhold to ensure I don’t owe taxes at the end of the year? 5%… 10%? I live in the state of CA.

Mortgage Debt

indrep33 asked:


I am 22.I will soon be making money on my own working from home. I don’t know anything about retirement. How much money should I save and what should I put this money into, a CD,a bond? I have no idea about these things. Also, does anyone know at what rate the cost of living rises each year? Is there an equation to determine how much money will be needed for me to retire when I get ready to?

Loan Finder

Valhalla Rescue’s Danes & Pi asked:


Back in the late 70’s I worked for a railroad for a few years. From what I understand, RR employee’s don’t pay social security tax, they pay into a railroad retirement fund. The railroad I worked for is now pretty much defunct, so I’m wondering if anybody knows who handles these funds or where I would start to look to see if I have money in there that I can add to my IRA or other retirement funds.

Residential Metal Roofing

kayce s asked:


I am changing jobs to be closer to home but this also mean a cut in pay. Was considering taking out my retirement and paying off my debt so I wont be so strapped. It will take me 2 years to replace that money but I would have a lot less stress. Which is better, keep retirement and stress about bills or pay off bills and rebuild retirement?

Hernia Support Wear

nebkidomaha asked:


I am planning to retire in about 10-12 years and have a windfall from a stock spilt. What are the advantages and disadvantages from paying down my house loan with the funds from the stock spilt or would it be better to invest the money until retirement to take advantage of writing off interest from my mortgage on my income tax? Would buying an investment property be a better solution?

Pay Loan

JZ asked:


Have you made a strong effort to invest for your retirement, or are you living just for today? I’ve been saving the max in my companies 401K for 20 years (at the moment I am unemployed) and I’ve been putting money into an IRA and a few other investments just for my retirement. Yet so many of my friends say they have not because they can’t afford it. I say you can’t afford not to. I was just wondering how many people actually think about it.

Low Income Mortgages