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Get Free Financial Advice Friday
Financial planners will be standing by to take your calls on Jump-Start Your Retirement Plan Days.
By Cameron Huddleston, Contributing Editor, Kiplinger.com
January 21, 2010
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If you're a regular reader of Kiplinger's Personal Finance magazine or Kiplinger.com, you get solid advice on how to manage your money. But wouldn't it be great to get personalized advice -- like the kind you would pay $150 to $300 an hour for a financial planner to give you?
Of course it would, and you can get a FREE financial checkup Friday, January 22 and Tuesday, January 26 by calling 888-919-2345 or by submitting a question online. Members of the National Association of Personal Financial Advisors will be answering questions from 9 a.m. to 6 p.m. eastern on those days as part of Kiplinger's Jump-Start Your Retirement Plan Days. You don't have to be a Kiplinger's subscriber to participate.
See our Jump-Start Your Retirement Plan special report for more information about Jump-Start Days and for advice on saving for retirement.
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Reader Comments (11)
Posted by: Bill at 01/22/2010 10:36:45 AM
Three boys ages 7, 9 and 11. My wife and I have a total of $40k ($10k, $15k, $15k) in 529s so far and contribute $125/month to each through Vanguard. We max my 401k and put an additional $750/mo in funds. My concern is we're not even close to where we need to be for college. Thanks
Posted by: tom at 01/22/2010 11:09:47 AM
How can I find out if the new Roth rules would benefit me by converting from a traditional IRA? Thanks
Posted by: Jim Walters at 01/22/2010 12:21:05 PM
I expect to retire in about 6 years at the age of 61. How much should I budget for health care insurance? I'm confused by all the dabate and other programs that are, or might be, available. I am married and our children will be adults and out of the house (I think). Until this year I have been prohibited, because of my income, from having a ROTH IRA. I have about $23,000 in a regular IRA. Should I pay the tax from savings and put it all into a ROTH. I don't need the money and I don't expect to ever need it -- but who knows.
Posted by: David R at 01/22/2010 01:07:24 PM
I will be 66 this year and intend to collect social security. I have a substantial nest egg in individual stocks, funds, and cash. About 40% in in IRA's and 10% ROTH, rest in non retirement accounts. My current tax bracket is 15%. My question is whether I should convert funds from my IRA to my Roth at my age. I still work but will retire within the next 5 years. A conversion will bump me into a higher tax bracket now.
Posted by: keener at 01/22/2010 01:44:49 PM
Would you please explain how SHORT TERM CAPITAL GAINS are taxed...
Posted by: Paul at 01/22/2010 04:06:13 PM
I'm about 9 years from building a house and want to pay at least half of it in cash. My wife and I currently max out our ROTH IRAs and ESAs for our 3 sons. I also contribute 15% of my paycheck to the Thrift Savings Plan and then add about 10% to a regular investment account with no tax benefit. Right now my plan is to pull almost everything out of the TSP and "regular" account and probably take whatever is left on a mortgage. Am I better off putting more into the TSP and almost nothing into the regular account, or saving more in the regular account? I should have a nice retirement check from the Army that would cover any mortgage. Thanks!
Posted by: Robert Popp at 01/22/2010 04:40:53 PM
1. If I was to turn 59 1/2 in March 2011, could I withdraw from my IRA early in January 2001 without penalty or invoking a SEPP ? 2. Where is the best source of current information regarding changing or expiring estate tax laws? Do I need to update my will in 2010 ? What specific rule would prompt this ?
Posted by: marie at 01/22/2010 05:48:24 PM
recd some money , am 62 no savings i do receive social sec. any advice where i should invest money? thanks
Posted by: M. Garcia at 01/22/2010 06:07:29 PM
I am almost 78 and I expect to be fully retired by June 30, this year. We have approximately $140,000.00 in a 401 K in cash. Is it advisable to leave the way it is earning very little in the way of interest, or do you recommend investing it or some of it in other things. Our income for the month from SS and a pension is almost $4000. Thank You
Posted by: Dennis at 01/22/2010 06:41:25 PM
Retired in need of monthly dividend income. IGD,IID drastically reduced amount/shr recently. Looking for similar, with good yields,monthly,amounts....... .12-.15/shr. please advise. Thanks
Posted by: Toni at 05/28/2010 05:29:25 PM
A friend of mine wants me to go into business with him. It's basically flipping houses but not in the traditional way. His way is to buy foreclosures from a bank, do the cosmetic things needed, advertise to sell by owner will finance, once we get a buyer sell the loan to investors for a 12-15% discount. He feels we can do this and get the house fixed find a buyer and sell to the investors within a month or two and make 20k each out of the deal. by doing the owner will finance way, he says we will get buyers that can afford to buy a house, but don't have the down payment or closing cost. Going owner will finance would eliminate that. Is this realistic?