I currently have money in a 401k, but I have stopped working, and want to keep the funds there.  Is there an online calculator to find out how much money I will have based off of a certain amount of interest per year?
208957
I agree with Mr. Greedy.  You should roll it into an IRA and you'll have better control over it.  If you want to take money out it will be processed sooner and also you'll have more options to invest in.  You can even keep things invested the same when you roll it over.  There is no penalty as long as you don't withdraw any funds.
32085
If your company offers a 401K plan, take advantage of it.  They'll take out a fraction of you paycheck (as lo as 1%) and invest it in a mutual fund.  Many companies match your contribution, so that's like free money.  \n\nIf you just forget about it and just let it grow, you'll soon build up quite a bit of dough.\n\nIt's tax deferred, so that means you won't pay taxes on it until you cash it out.\n\nThe only drawback is you can't cash it out until you're 59 and a half without paying a penalty.
196656
I'd choose royce premier (ryprx)   I have that part of my 401k that they offer at work and for the last year, ( March 2005-2006)  it went up 33.57%.  Plus its 18.74 each share so that would be around 53 shares.   So far since Jan 2006, it went up 11.15%
26042
good question.  401k's are excellent vehicles for preparing for retirement.  The greatest part about them is that usually your company gives you free money when you participate, called a match.  The way it usually works is that you decide how much, either dollars or a percentage of your income, you want to put in to the plan.  Then you decide which investments to pick (this can be tricky without knowing what they offer).  Ask the person offering the plan to help. Use a mix.\n\nWhatever you put into the plan is deducted from your income.  Heres an example:\n\nYour income:               $40,000\nContribution amt:   5%:    $2000 \nCompany match 50c per $:   $1000 \nup to 5%                    \n\nTotal contribution:        $3000\n\n(New taxable income:$38,000)\n\nIf you do this until normal retirement age of 60 and get a 10% return on your money over that time, you'll end up with almost $1,200,000.  \n\nSince now youre only taxed on $38,000, when you decide to retire and get your money you have to pay taxes on all the money you take out (not the whole $1.2 million unless you take it all at once).  If you take it out before your 59 1/2 you will have to pay an additional 10% penalty on whatever you take out. There are exceptions.\n\nThese are pretty much the pros and cons, but if you start now and stay consistent you'll be able to retire very comfortably.
311599
The best way to calculate any problems in your life is to use the plethora of calculators at www.bankrate.com.  I know you are leery probably about checking a website for an answer but this site is mint.  Bookmark it, I bet you'll love it.
57926
$5000 saved in an account earning 4.75% yearly, compounded daily, will yield $243 in one year. If it's compounded daily, your monthly return will vary, but it averages out to $20.25 a month.\n\nDinkytown has the best free calculators anywhere, below:
251230
I actually do finance and asset management for families.  If you were to retire TODAY... 1 million dollars at a modest 5% return would pay you $50,000 a year.  MOST could live pretty well off of that.  Depending on your age, you might need to save a little more just to battle inflation.  (essentially   $50,000 a year will not be worth as much each year)  And, if you do not own your home, this has to be taken into consideration as well.  I just read an article that predicts in the next 20-30 years their will be significant advancements in medicine allowing us to live well into our hundreds!  So be sure your prepared to go the distance!
495690
assume $Y grows at 10% every year. after 1year\ninterest=Y*(1.1^1)-Y\n\nSo after X years\ncompound interest= Y*(1.1^X)-Y\n\nan example: $1000 grows at 10% every year for 20 year will have compound interest of\n1000(1.1^20)-1000=$5727.5   ( as suppose to $2000 which is what you will have if you earn 10% every year but not compound)\n\nAnother one: $1000 grows at 15% every year for 20 year will have compound interest of\n1000(1.15^20)-1000=$15366   ( as suppose to $3000 which is what you will have if you earn 15% every year but not compound)\n\nenjoy
416518
No you can not. You can roll into your new 401k, an IRA or other qualified retirement plan. You can NOT roll direct into a Roth IRA.\n\nAll the 401k rules can be found at:\n\nhttp://www.advancedwealthsolutions.com\n\nGood luck!
34687
Well, take your last paycheck and you should see what you paid in so far (year-to-date). That should give you a general idea.
532844
If you compound the interest (add the interest earned back into the principle) once a year, you get 6%. If you stop every three months, add the interest into the principle and start again, you'll have more money at the end of the year by accruing interest on the interest earned-to-date. \n\nSay 6% per year, works out to 1.5% for one quarter. Instead of investing $100 for a year, you invested $100 for one quarter and made $1.50. Then next quarter, you invest $101.50, by the third quarter you have $104.57, and at the end of the year you have $106.14. Because you invested the interest earned too. In finance, money*time = more money, so it's better to get your earnings ASAP instead of at the end of the year (e.g. daily compounding).
123690
one formula you can use is\n\nF = P(1 + i)^n\nwhere,\n\nF = future worth of the money\nP = present worth of the money\ni = interest rate\nn = number of years\n\nsince the future worth of the money will be twice of the present worth, then we can say that,\n\nF = 2P\n\nusing this in the formula you'll come up with,\n\n-> 2P = P(1 + i)^n  \n(divide the whole equation by P)\n-> 2 = (1 + i)^n \n(n is 20 years)\n-> 2 = (1 + i)^20\n(raising the whole equation by 1/20)\n-> 2^(1/20) = 1 + i\n-> 1.035264 = 1 + i\n-> i = 0.035264\n-> i = 3.5264%
37457
for question 1 is the return 8.242% per year? I would guess yes, so you would multiply 1.08242 to the 30th power times 10000. \n\nWhat you are doing here is to multiply 10,000 times 1.08242, (add the one to keep the 10000 plus interest, if you dont add the one you are only calculating the interest and have to add back in the 10000) to get how much at the end of year one, then multiply that result by 1.08242 to get what you have at end of year 2. Then keep doing that until at the end of year 30.\n\nThe second question is a bit more difficult. Take that spreadsheet and fill in the values at the top. make your begining value 10000 and the annual payment 0. Not sure what value to use for confidence (I am sure you know what to use here) and the other two were given return = 8%, deviation=10%. After 30 years you will have a lower and an upper limit. \n\nYou then take answer from #1 and find out how far into the range it is to find the percent liklihood. For example if the lower limit was 100 and the upper limit was 300 and your number calculate in #1 was 150, then you can see that 150 is greater than 25% of the possibilities and less than 75%. So you would do worse 25% of the time.\n\nThe actual calulation would be:\nU = Upper limit\nL = lower limit\nR = range = U - L\nC = compared value = answer from #1\n\npercent worse = (C-L)/R\n\nin the example percent worse = (150-100)/(300-100)
461340
401k money is meant for retirement, so unless you're rolling into another retirement account (i.e. IRA), then you will get penalized.  You might want to consider borrowing against your 401k, but there would be implications if you quit your job as most repayment for the loans from 401k accounts are automatically deducted from your paycheck.
156699
You can find the IRA contribution deductibility via the link below.  \n\nhttp://www.banksite.com/investments/how_much_ira_save.htm
207251
Based on the rule of 72 your asset will double in 11.1 years.  \nHere is how the rule of 72 works;\n\n\nThis teaches you how to determine the number of years it will take for your investment or debt to double in value.\n\nDivide the number 72 by the percentage rate you are paying on your debt, or earning on your investment. Here are two examples...\n\nYou borrowed $1,000 from your friend, who is charging you 6% interest. 72 divided by 6 is 12. That makes 12 the number of years it would take for your debt to your friend to double to $2,000 if you did not make any payments.\n\nYou have a savings account with $500 deposited in it. It earns 4% interest from the bank. 72 divided by 4 is 18. It will take 18 years for your $500 to double to $1,000 if you don't make any deposits.\n\nRemember: 72 divided by the Interest Percentage is the number of years it takes to double.\n\n\n\n\nFor a calculator that you can use to determine how long it will take to double your money based on interest rates check this out.....
495406
If you suspended making your contributions, your existing assets are still invested.  Whether they grew or not depends on how they're invested.  If it was in a money fund then it grew modestly, if it was in stocks for all of 2006 then you probably got a nice return.  Surely your 401k generates account statements--check your year-end 2005 value and compare to today to see how much total return you made.