retirement

Hello, I see the question asked a lot as to which one should be maxed out first. I see people say that the TFSA should be maxed first if your Retirement income with be more than your current salary. This is where my confusion comes in. When this statement is said, what exactly is meant by...

Recently started a job, probably making 40-50k gross per year (depending on hours worked) but obviously less this year because I missed almost 4 months of working. 24 years old working in construction for a smallish company and I'm going to assume they don't have pension plans because of the...

I’m looking to get myself enrolled into a PRSA before this horrendous auto-enrolment scheme kicks in this year (I’m surprised there’s not uproar about how this is being implemented because long term this will make pensions much more costly to the individual as far as I’m concerned) Info about...

I am in a position to comfortably invest 27.5% of my income to an RA in 10X which ( 5% is mandatory by my company), there is no match.However, I am going financially strong and I believe that I should be able to retire by age 45-50. My concern is, I just feel like only being able to get 1/3rd...

Hi, I'm considering what pension account to go with. I've narrowed it down to maybe the Zurich one via LA Brokers (1% fee, 100% allocation it seems) or more likely the self directed Davys PRSA (0.75% fee). Is it allowed to have multiple PRSAs. For Example could I open both the Zurich one and...

I have about 11k in a traditional IRA rolled over from a 401k from a short-lived job. Maybe about 10% is due to gains from investment. I want to convert to ROTH as that money will be growing for the next 50-60 years. It seems like a good time to do it now, especially before I start making a...

Fund Performance has come up a lot, even though we’re, technically, not supposed to be considering it. Except when we're debating Passive V Active; then it's put forth as Gospel. The calculator is here Landing page shows: Fund Category - Pension / Gross of Tax Funds and PRSA Funds are...

So it's about time I get my pensions in order. Have collected 3 over the years (Aon, Willis Tower and Irish Life) which have varying amounts. I want to have better control over them and want to combine them into one, where I add new pensions to it as I change jobs. 36 y/o, so feel now is the...

Old employer’s custodian - Empower. Empower told me three different times over the phone that they do not do direct rollovers to my new 401(k). I refuse to do the 60-Day check bs, to be honest (I don’t want to deal with it). What’s the downside to creating a IRA, to rollover? I already have a...

Hi All, Does anyone know if the 10x retirement calculator has some terms and conditions? I cant find anything listed and expect that the calculation is done expecting an increase in contributions of 5-7% yearly? From the calculator however it looks like if I contribute the same R3500 pm till...

I had an old pension with Aviva that I contributed 4k to years ago. I enquired about it recently and to my surprise it was worth 10k. The lady n the phone said it had really bounced back in recent years. I can transfer this amount to my current pension with Zurich. I've been told I can do this...

Hi, hope y'all are good. I'm kinda in a pickle here been saving up for retirement and all is within fruition. Problem is the possible choices I have a rather dim to say the least. So, I was given the following options considering the economy is quite terrible at the moment heading to a...

I am pretty sure it the taxable amount (box 2a) should have the entire amount of the rollover, but it says "0" and the distribution code in box 7 is "G." Is this a mistake? And if so, what to do about it?

I'm in the process of setting up a PRSA with a local 'financial consultant '. At the outset the fees were outlined to me as follows (and I copy & paste from his email)... * No Policy Fee. * No Exit Fee. * There is a total Annual Management Charge (AMC) of 1.5% for standard funds (1% to the...

(26 M)My current employer offers a pension plan through sunlife financial and I am looking for some advice on what funds are worthwhile? They offer; SLF MONEY MARKET(GM3) BLK bond index fund(DNB) PH&n bond fund(HPW) CC&L group income&growth(hme) Investco income growth C(HCA) B.G. canadian...

I’m 40 years old with an income of $119,000 a year, household income is $203,000. My wife has a pension through her employer and $39K in an RRSP that’s she passively investing $150 a pay into. I have an RRSP worth $253,000 today and I’m investing $800 a pay into, about $19,200 as I’m paid...

https://www.irs.gov/newsroom/401k-limit-increases-to-23000-for-2024-ira-limit-rises-to-7000 " The contribution limit for employees who participate in 401(k), 403(b), and most 457 plans, as well as the federal government's Thrift Savings Plan is increased to $23,000, up from $22,500. The limit...

In my previous job we were signed up to a defined benefit pension, as well a separate defined contribution pension. I got a letter in the post today with the closing statement of the DB pension. I was with the company for 4 years, and looking at my annual statements I couldn’t figure out what...

Hi all, Done a fair amount of research but hoping for some good opinions and caveats here. What are the laws around imigration and RA's in South Africa w.r.t to taxes and fees (though these are mostly specific to the company you're with)? Must it be set up to transfer into a new RA fund at...

I'm a teacher with Chicago Public Schools and I am exploring options for additional retirement savings plans. I currently pay into the Chicago Teachers Pension Fund and have recently opened a Roth IRA account, which I plan to max out. I was wondering if it would be a good idea to open another...