Investing

[Ash1280]

Despite the economy,will you still invest ?

Each household economic issues are different and of course their are risks.
Matter of fact its more risky today.
The Stock Market is up one week,down another.

What would you invest in ?
Comments ?

07:27:01AM (DST) Monday,June 6,2011.

 

[Abcinthia]

No I never invest.

 

[Ash1280]

No I never invest.

This may be the soundest advice to date.
Makes you wonder if its really wise to invest these days.

I have a few investments making little money in return.
I am up-in-the-air about withdrawing.

 

[BadBoy]

I invest in my 401K to get my taxable income down. I'd rather pay myself than the poor, I mean government.

 

[freakofnature]

I invest in spaceships.

 

[purpledove]

I still invest in index annuities. Gives me a ceiling tho as to the highest return it can go compared to mutual funds! But it's less risky and earns you 3%-11% per month depends on the index fund one chose.

Retirement fund is set with Calpers which gives out pretty high earnings per each year. No loss whatsoever given the market standing :thumbup

 

[purpledove]

This may be the soundest advice to date.
Makes you wonder if its really wise to invest these days.

I have a few investments making little money in return.
I am up-in-the-air about withdrawing.

Hoping your investments are not coupled in as a retirement account. If such is the case, once you withdraw and you're not at a retireable age yet- then you get taxed big time plus the many surcharges deducted by the company itself too. :thumbdown

 

[BadBoy]

Hoping your investments are not coupled in as a retirement account. If such is the case, once you withdraw and you're not at a retireable age yet- then you get taxed big time plus the many surcharges deducted by the company itself too. :thumbdown

Here's to hoping it is a retirement account since social security will be gone in no time.

 

[pjbleek]

we invested 5k six years ago and it hit an all time low at $4200...now up over the initial investment...gotta find a new place to put it in

 

[Ash1280]

I invest in my 401K to get my taxable income down. I'd rather pay myself than the poor, I mean government.

Isn't the 401k(s) in trouble or proven not the way to go as a retirement fund ?

 

[Ash1280]

Hoping your investments are not coupled in as a retirement account. If such is the case, once you withdraw and you're not at a retireable age yet- then you get taxed big time plus the many surcharges deducted by the company itself too. :thumbdown

Going to print this response so my brother will stop tapping into his retirement account.
The underscore here is "taxed".

 

[Johnfromokc]

Don't pull your money from an IRA or 401K. You will forfeit 50% to taxes and penalties.

 

[purpledove]

Going to print this response so my brother will stop tapping into his retirement account.
The underscore here is "taxed".

Well, if he's just tapping on it, then taxing may not be applicable here depends if the said retirement account allows a certain amount of percentage out. Just like 401K wld allow some percentage taken out for emergency, college and buying a home etc. He should look into the terms and conditions of his retirement account. If he withdraws fully his retirement account then that's when taxes and surcharges surely will apply!

Don't pull your money from an IRA or 401K. You will forfeit 50% to taxes and penalties.

or more than 50 % at times as it depends on certain conditions too! A tax preparer will surely give more details on how much is deducted/taxed :nod:

 

[purpledove]

Here's to hoping it is a retirement account since social security will be gone in no time.

As a government employee, we no longer participate in Social security. It's predicted to go bankrupt soon hence avoiding losing money every month if there's no more funds available when we retire

we invested 5k six years ago and it hit an all time low at $4200...now up over the initial investment...gotta find a new place to put it in

You can try Allianz. That's where my Index annuity is at! It had me earning about 9-11% from the past years which is awesome given the type of economy we have. Just not sure if terms have changed as some assets were bought by Chase Bank. I'll give you the phone # and you can inquire if you like!

Isn't the 401k(s) in trouble or proven not the way to go as a retirement fund ?

What's the reason why 401K is in trouble as you heard? :unsure: Besides it being connected with most mutual funds which make it not earn much.