retirement questions?
831280
See a personal advisor at the bank you have your accounts, loans, ira's, etc at.
594793
It is very simple.  Contact your old HR department and ask them what process they follow.  Some companies now will do rollovers over the phone if you tell them the name of the new custodian.  They have to mail you the check, but it will be made out to the "new custodian c/f you."  If you can do it over the phone, go to your bank/brokerage/investment company you do business with and set up a rollover IRA then call the 401(k) plan and tell them the name of the new custodian and the new account number.\n\nSome comapnies still make you fill out paper forms, so it's always best to call your old company first and find out what method they follow.  This will save you some time because you'll know how to do the rollover, or will have the paperwork to roll it over, when you go and set up your new IRA.
362002
You need to choose a custodian for your IRA, and request the employer to have the lump sum transferred to that custodian.  This will take some planning, filling out forms, etc. Check with HR, and of course with other recent retirees.\n\nIf you plan to retire 2 years or so in the future, just file the info away for future reference.  But a layoff could hit sooner, so it's good to be prepared!
232974
Contact the Human Resources Department in Staffordshire.  The benefits manager would have information on the government pensions for former/current employees.
213700
I don't know if there is a specific percentage that you should have, but it's never too early to start investing and saving for retirement through an account like an IRA or 401k, which are often available through your place of employment.\n\nI think it is important to consider the expense of living for a considerable amount of time with little to no income during retirement.  Other things to figure are inflation rates, longevity, and the quality of life you would like to maintain in retirement.\n\nI suggest you find a financial consultant to discuss your retirement plans.  They deal with planning people's investments day in and day out and may be able to better assist your in your inquiry.
1109453
GOD YES!!!! NOW IS A GREAT TIME!!!\n\nI work as a financial advisor and I wish I could get as many people in their 20's to buy a Roth IRA.  \n\nRemember, a Roth IRA means that you do not pay taxes on the growth or interest, and their is no taxes when you take the money out after age 59 1/2 years old.\n\nAlso, if you work and you company offers a 401k, try that as they might match you on what you put in.  Remember, that money is not taxed when it goes in, but is taxed when you take it out after age 59 and 1/2.  \n\nIf you are so inclined, you can do both.\n\nTry Scottrade.com, or etrade.com if you want no limits on what you can invest in.\n\nStart with a mutual Fund that is called "balanced" or Asset Allocation.
724296
Retirement is a benefit employers can offer employees, and there are countless ways they can offer it.  With your father, if they contributed to a 401k or 403b or IRA, he would get to keep his retirement account.  If not, he may have lost the benefits from them.  Employers are not required to offer retirement benefits.  I offer my employees the opportunity to contribute to an IRA, but if the stock market crashes or something severe like that happens, they can loose most of their retirement.\n\nYour father may still have a retirement account.  The government offers Social Security, but it is a meager amount and is getting to be less and less of what people need when they retire.  Don't count on it for when you retire.\n\nMy advice would be three things.  1) Contribute to your employer-sponsored retirement programs especially if they match your contribution.  2) Save up cash and cash equivalents, such as savings accounts, CDs (certificate of deposit), and other accounts.  3) Plan on being 100% debt free when you retire.  This means no car payment, mortgage, or consumer debt (credit cards).  This makes retiring a lot easier and you don't need as large of a budget when you finally hang up the towel.\n\nAlso, you sound quite worried about your father.  Have you asked him if he has a retirement account still?
1080953
Your savings should be placed in safe investments (bonds, certified deposits, or deposits protected against inflation) which will yield about 5%.\nYour yearly expenses being Rs.3,60,000 (12 x Rs30,000), the required amount of savings that would produce this income is:\nRs.3,60,000 x 20 = 72,00,000\n(multiplying by 20 is the same as dividing by 5%).\n\nThis assumes that you have a very very long retirement.\nIf you factor in the number of years you expect to live (you did not specify in your question), the amount above is reduced... however the calculation is more complex.\nAs an example, if you expect your savings to last 25 years after your husband retires, the amount becomes approximately 50 lakhs. Sounds like a lot? one thing you can do is reduce your monthly expenses (in retirement people usually spend less) and save, save, save!
542699
First off check any of your old pay stubs. They may list any money you put into a 401k account.\n\nSecond, contact your HR department and find out if there is any money you are due based on the organization's retirement policies.
345095
Oh I so identify with you! My Dad retired after 30 years also, and then I only had him around before he passed away with a heart attack just a year afterward. So here's what I recommend: "Dad I want to applaud your long years within the Military. Although you won't be wearing a uniform any longer, I'll always think of you as the hero that you are, first to me, setting an example and teaching me responsibility; second to our country, going into harm's way making sure that those values I learned from you were available to everyone; and thirdly to the generations that arise from you for the future. I hope that you will always remember how your work has influenced my life, and given me opportunities. Happy retirement, Dad, I love you."
149213
The Fair Practices Employment Board can help you.  The laws are different in each state, and sometimes local laws.  \n\nMy husband was laid off while he was on vacation.  He came back from our trip, went to work, and found out he didn't work there anymore.\n\nWe are still trying to find out how to get the retirement benefits he earned!!
439816
set up the diffeq:\n\ndM/dt=1.05*M+alpha //money accrued at rate of 5.5% per year plus some amount alpha that is placed into the accout per year\ndm/dt=1.05*m -45000 //rate spent per year after retirement (assuming interest continues to accrue)..\nM(0)=162000; //intial ammount in retirement fund\nM(15)=m(0) //retirement fund begins expenditure with intial value of total saved + interest, or M(15)...\n\n// Note: 12 is measured from date of retirement...\nm(12)=0; //money only lasts 12 years, assume total amount expended...\nsolve dm/dt and plug in m(12)=0 to figure out what the total saved, m(0), must be present at the beginning of retirement in order to completely expend the money in the 12 yr period\n\nfinally, solve for M(t) and use the known values at M(0) and M(15) to compute the value of alpha.
1103584
Contact the employer or the company that administers the plan or the union.\n\nNote that there are 2 types of pensions:\n\nDefined benefit plans guarantee a certain monthly income at retirement based on things like years of service, income while working, etc.  The value of these accounts would be something like if you stop working now and start getting checks at age 65 your monthly payment will be $2,000.\n\nDefined contribution plans are a promise by the employer to put a certain amount into the account.  The monthly checks at retirement depend on how much the account is worth when the payout starts.  These accounts have a cash value so the value would be an actual dollar amount.
271737
can't you explain all this to your divorce judge?  that you are on medical retirement for a reason?  because you're medically unable to work, now?  you could give up your retirement, but what if you don't get it back?  you don't want to give it up just to get more sick.  i understand child support, but alimony seems a bit of a stretch.  i would consider a part time job, perhaps, to supplement income.  surely this would be okay.
200676
Most companies will not sell it to anyone under age 50.  I advise my clients to purchase it with a 10 year payment option over their last 10 years before retirement.  Have it paid up before retirement while you're still working and income is higher.  It also protects you against future rate increases.  Talk to a number of professionals as there are many plans out there with numerous options.
544706
unless you are planning on living in a cardboard box, or are filthy rich, you better be saving!!! minimum to set aside is 10% of your income, but that is bare bones minimum. don't count on the government of any country to help you, and if they do, it will be subsistance level only, don't expect to be warm and well fed. you have only yourselves to count on. I certainly hope your children will take care of you, but that mostly depends on how you raise them. are you raising them to believe that family is important, and that old people are to be respected and honored? are you raising them to be responsible adults and to have respect for others and themselves? even so, they could have tragedies in their own lives that prevent them from being there. and when you consider that people are living longer than ever, how do you think you are going to pay for your food, housing, medicine for all those years after retirement if you don't have some set aside? I bet if you go into a senior center or retirement home in any country, you will find plenty of people going without medicine, food, and other important things because their social security or government benefits just aren't enough. contact a financial advisor or do some research yourself and start saving and investing now.
487198
Go on the social security website and you will get some of your answers.