Welcome! | Ask A Question
Asked 2/17/2007
|
What are some great retirement investments to start other than a 401K or traditional IRAs? |
Answer 1/2 - Submitted 2/17/2007
ROTH IRA. Anuities...If you are eligible a 403b, SEP....
Most "retirement" investments include tax deferement or tax free growth. ROTH IRA is probably the best vehicle for this. But really any investment, ie real estate, mutual funds, etc, can be used for retirement. But the tax benefits are a great thing and should not be looked over.
Answer 2/2 - Submitted 2/17/2007
401Ks, IRAs are NOT investments. They are packages into which you place investments (e.g. usually stocks, but some other things are also allowed) so that they grow tax free. There would usually be little reason to place an annuity or tax-free bonds into an 401K or IRA as they are already tax free. A great thing about 401Ks and IRAs are that you can change the investments from time to time w/o paying any income taxes. For investments held outside of these, if you make changes you'll likely pay income taxes in the year you make the changes on all the profits made so far.
Related Questions (Ask a New Question)
I am currently 19 years old and have extra money that i want to start investing with. i am looking into a 401k and would like to know more information about these retirement plans. what is a typical interest rate for a 401k? at what age can you take money out of a 401k without a penalty? how can i...
I was layed off in mid april 2009. depressed due to several changes in my life i couldn't deal with my 401k investments after being layed off. is it to late to rollover my 401k into an ira account? did i lose my investments which are approximately $6000.00? i am not presently working but would...
In what circumstances should i use a roth ira (or roth 401k) rather than traditional iras (401k) - what are the benefits and potential downfalls?
|
I am currently 19 years old and have extra money that i want to start investing with. i am... |
|
What is the time frame a 401k can be rolled over after loosing your employment? I was layed off in mid april 2009. depressed due to several changes in my life i couldn't... |
|
What are the benefits of a roth ira? In what circumstances should i use a roth ira (or roth 401k) rather than traditional iras... |
|
With the current economic crisis; should i continue to contribute to my 401k? With the current economic crisis; should i continue to contribute to my 401k? how secure... |
|
Can i withdraw from my 401k without getting taxed or penalized. i am 43 years old. I was medically retired from police work for an on duty injury. i receive a pension (tax... |
|
Can i rollover my 401k while i'm still working I would like to know if i can roll my entire, or even a portion, my current 401k over to another... |
Ask A Question
Ask a new question about
401k:
About
| Contact Us
| Membership Agreement
| Privacy Policy
| Site Map
| Advertise on this Site
Copyright © 401kQuestions.net 2012. All rights reserved.
Powered by Yahoo! Answers