 What happened to the stock market?!? |
| I leave for 2 weeks and look what happens! Well, won't somebody tell me what happened? Because it seems that many very stable stocks in various sectors are down to half their 52-week low!... |
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 Are ALL stock market indices designed to give a falsely positive picture of stock market investments? |
The long-term performance of stock indices is often given to "prove" that stock market investments are one of the best investment options. But are the decks stacked?
When an ... |
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 Did anyone recieve a mail regarding fund trnsfer of 8.5 million dolars from a person calle susan ericson ? |
it states that this transfer will be dome from the bank of Africa, abidjan
Additional Details
it further says about this person called susan ericson who is having cancer and will die ... |
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 Whats better? FD or flexible FD? |
| I've been asked my bank whether i would like to keep money to book as flexible FD, which i can get interest rate @ 9.5% p.a., (I m having saving a/c. which gets me 3% normally). one can ... |
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 Which is the best investment for a 3 month 10,000 investment? |
| CDs, Corporate Bonds, Stocks, Index Funds, Money Market. Each of these I am concidering. Which one would you recommend and why? If possible, please state any risks associated with it as well.... |
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 I just opened a Margin account....? |
| I just opened a Margin account....with Scotrade with a $2,000 minimum. I wrote a check and opened the account with $7,000 ...My broker told that because it is margin he was going to put more money ... |
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 Will the financial crisis of 2008 change the way we do business in the markets? |
| Will any fundamentals change in the way we manage our markets? How can we prevent this from happening again?... |
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 What is the best stock to buy for short term? |
| I am looking for a stock that was once hi and is now low. I know this could be a potential gamble. Any advice?... |
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 Is it okay to trade Forex in America with a student visa? |
| This coming fall, I will be going to college in America. I'm not a U.S. citizen/resident, and so I'd have to go with an F-1 student visa, meaning I can hardly work there. But I was ... |
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 With all the market turmoil, what is the best way to invest? |
I've read many internet articles about different ways to invest. Here are some of the ideas:
1. Market will tank some more - keep assets in cash
2. Market is about to rebound ... |
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 With US and global stock markets tanking, is it better to sit on cash for now or invest it? |
If the answer is invest, then where?
Additional Details
How about an intermediate government income fund from Fidelity or Vanguard? With falling interest rates, they have returned over 7... |
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 I wnat TO DO BUSINESS WITH INVESTMENT OF 2.5 LACS? |
| TELL THE FIELD WHERE CAN I START IN MUMBAI ONLY.... |
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cprimm26 | Starting my own 401k plan? |
I am a nurse whose current employer does not have a 401k plan. I am interested in starting my own. When I search the internet, all it seems to inform about is like 150k a year income. Yeah right my income is $25k a year. Does anyone have any info on how to start a plan with a lower income??? |
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TJ
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If you are self-employed or work as a contractor (the same thing) you can set a self-employed 401k (fairly new) or an SEP-IRA.
But it doesn't sound like you are self-employed.
So you probably want to do a regular IRA. Any brokerage or mutual fund shop can get you the paperwork.
IRAs are described in almost readable terms in IRS Publication 590:
http://www.irs.gov/publications/p590/index.html
Since you are making $25K/year, you are probably in the 15% tax bracket. If so, the benefits of tax deferral may be limited.
So consider a Roth IRA. You cannot deduct your contributions, but your withdrawals will be fully tax-exempt.
Hope this helps. |
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mooretw33
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You need to start an IRA (Individual Retirement Account). Currently, you can invest up to $4000 per year in this account and most companies will let you pick your investments from a nice selection of mutual funds, stocks, bonds, or cash. Vanguard and Fidelity have good IRA accounts and funds. |
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Tony I
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You cannot start your own 401 k Plan by yourself!! But you qualify for an IRA and Roth IRA. Roth IRA is better for your age as when you use it, the $$ is not taxable!! Talk to a financial planner BUT do not hire her or him!!! |
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derek
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You are not eligible to open your own 401(k) since you are an employee (have to be self employed to do an individual 401(k))
As some of the others have stated, an IRA will be your best option. Traditional IRA will give you a tax deduction this year. A Roth IRA provides no tax deductions, but the money grows tax free. I am partial towards the Roth IRA. |
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crude_oil
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You can buy an IRA which will do about the same thing. |
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jbowler
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I believe you will have to incorporate yourself to try to do this. You would have to change your emploment status to independent contractor. Consult a lawyer or CPA.
Otherwise look into a SEP IRA which allows you to contribute 25% of income to $44000 this year. The only problem is that if you have employees, they have to be covered as well.
As for the mechanics of setting up such a plan, simply call a major brokerage or mutual fund company and they will send you prepared forms for you or your accountant to fill out.
Or at your level of income, keep it simple and just contribute to a Roth IRA. I believe the maximum this year is $4000, depending on certain factors, such as whether you have a high earning spouse.
You can open an IRA at just about any financial institution. |
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pknutson_sws
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See if you qualify for an association or union that offers 401k to its members, travel club, credit union, etc.
There are similar programs that require less initial investment, such as a 403 b but you would need to qualify or have a charitable trust.
Instead of looking into 401 k, there are many more options...you can usually get a free consutation with a financial planner to see the different things you qualify for in your situation. |
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Taylor G
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People can't start their own 401k programs. What you need is an IRA (individual retirement account). |
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michelle echols
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Hello! i am a general manager at an allstar restuarant, i make over 68,000.dollars yearly . i have not thought about having a retirment plan until now! i am very late in the game and i dont know what direction to turn or what to try to invest in!!! please help!!!!! |
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