 Where to invest $ 500? |
I don't know much about the stock market.
I am totally debt free, including my house, worth $ 150,000 am 53 yrs old, retired, have monthly retirment (company pension income of $ 3,600/... |
|
 How to predict stock market ? |
| Is it possible to predict the stock market for profit??... |
|
 How to invest for dividend benefits? |
| How to invest in blue ship companies and how the dividend is ... |
|
 What site is the best to study investing? |
| I been curious about investing. I don't know even a basic rule about investing, I just a teenager, so I think it useful to study how to investing now, so do you guys know what site for me to ... |
|
 What do they mean by "diversify"? |
| I have a 401K (balanced), real estate (paying for it), mutual fund (stocks, bonds), and some savings in a 4% interest account, am I diversified? Am I missing something?... |
|
 Investment for young Adults? |
| I am twenty years old and looking for long-term investment fund to put my money in. My job offers a 401k plan, which I am going to sign up for next week. I am also interested in opening up an ira ... |
|
 At the closing of the Stock Market, why do they all clap? |
| When I've seen this televised, mostly on the news, the money monkeys all seem to clap deliriously at the ringing of the bell, seemingly regardless of what economical mess they might just have ... |
|
 How many baby boomers lost their nest egg last week? |
Additional Details
last week, and the first part of this week, for the simpleminded who don't understand the question.... |
|
 I am 23 and have $270,000 can I just invest that for retirement and nothing else? |
| I am 23 and have $270,000 can I just invest that for retirement and nothing else?... |
|
 Short term investment options? |
i have between 1000 and 3000 dollars that i would like to invest
i need to use the money in about 4 months
so i need to have it accesible then....but i dont need any of it until then<... |
|
 Investing in china and india? |
are telecommunications services, power supply, transportations, and infrastructures readily available for foreign investment (in terms of the clothing industry) in China or India?
... |
|
 I'm 27 years old. Should I be more aggressive with my 401k??? |
Additional Details
What I mean by aggressive is the level of risks I should take. Not how much i contribute.... |
|
 A Rumbling sound from the basement? |
I've got a rumbling sound in my chest.
It's not in my stomach,it's in my chest.
is it
A. wind.
B.an alien that's about to burst out and take over my ... |
|
 Want to invest about 50K in tax saving MF's. Advise needed? |
Which MF's I can go for. And mainly should go for "D" or "G"?
Additional Details
Websites whci can throw more info on this??... |
|
 Saved 6 months emergency money. Now what? Invest? Keep saving? Both? |
I've saved up a little more than 6 month worth of bills in my savings account. I've been doing a lot of research on saving/investing but this question is never really answered clearly.
... |
|
|  |
Proverbs | Withdrawing money out of your IRA? |
Does anybody know of a way to withdraw money from your IRA without getting penalized to death? For example, I want to pull money out and invest it into a business. I have been told there are ways like loaning it to someone who is not a relative and you will not get taxed on it. Does anyone have any other ideas of what I could do? |
 |
 
muncie birder
|
You do not get penalized to death. It is only 10%. I doubt a bank would loan you the money for less than 8-10% annually. The ROI on your busness should be in the neighborhood of 25% after the first 2 years. Of course many are not. |
|
Thin Kaboudit
 |
The only way to avoid penalties is to wait until retirement age, or to withdraw it in "substantially equal" payments. This means dividing it by your life expectancy and withdrawing that amount once each year between now and your anticipated death, paying only the income tax due on it but no penalty each time.
If you have a sound business plan, the bank will lend you the money. If you don't, you certain ly shouldn't be putting your retirement money at risk. |
|
#girl
|
First, whoever told you that loaning your IRA to someone was a viable way to avoid early withdrawal penalties just did not know what they were talking about.
How do you want to invest your IRA in a business? Are you saying that you would use your IRA as seed money? Are you saying that you want to buy stock?
You cannot use your IRA as seed money and avoid early withdrawal penalties.
You can use your IRA to buy stock. To do this, you would first need to establish an IRA account with a broker or with Sharebuilder.com. You would then direct the bank or credit union that presently holds your IRA to do a DIRECT ROLLOVER to the broker IRA. You could then buy stock within the broker IRA. |
|
Judy1
 |
Generally, you'd have to pay a 10% penalty, plus whatever taxes are due on the amount withdrawn. There are a few exceptions for the penalty, but loaning money to a non-relative isn't one of them, nor is starting a business. See http://www.irs.gov/publications/p590/ch01.html#d0e7978 for more information on exceptions. It's the IRS site, and they do explain things reasonably understandably. |
|
Dremont
 |
There are options where you can get money out, (i.e 1st time buying house) you should call an accountant and see what may apply before you do! |
|
sugarcarat
 |
It's never a good idea to pull money from your IRA. |
|
Yardbird
 |
If you have a Roth IRA, you can withdraw your contributions with no penalties. Otherwise, check the IRS website for the IRA publication. |
|
Jennifer G
|
If you are self employed you can set up a LLC, establish a pension plan and then roll your IRA over into this account and use it in the establishment of a business. Many Franchisees are doing this. You could contact Polycomp in Roseville, CA. I believe they establish these kind of accounts. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
8 | 28 minutes(s) ago
| | | |
8 | 47 minutes(s) ago
| | | |
8 | 3 hour(s) ago
| | | |
8 | 8 hour(s) ago
| | | |
7 | 10 hour(s) ago
| | | |
7 | 1 day(s) ago
| | | |
7 | 3 day(s) ago
| | | |
8 | 1 week(s) ago
| | | |
8 | 2 month(s) ago
| | | |
8 | 3 month(s) ago
| |
|
Homepage 
Financial
Forum 
Investing 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
