Stan Berry here.I would like to know if I am going to get any retirement?I worked for midland coal co.from 2/73 to 7/79 bebore I got laid off never to find any more work again at a coal mine.please advise i would like to know.seabee1249@sbcglobal.net Thank you
Social security is not the best retirement fund. There is a maximum that goes in each year so you will not get enough in retirement from just that. 10-20% of your income into a separate retirement account would be ideal.
More what your retirement fund is
A teacher deposited $3,000 in a retirement fund. If she didn't add any more money to the fund, which earns an annual interest rate of 6%, how much money would she have in 1 year
A retirement calculator is used to calculate how much money you will receive monthly as a payment, show's how much your home is worth, and also helps you establish if your ready for retirement.
The rate of return is how much you will be making after you take the money out of your retirement plan. Typically the taxes will be around 40% so if you have 1 million, then you will get 600 k. Check the rate of return for your retirement fund.
A target retirement fund would be good for someone based on their own personal situation and what they hope to gain along with more issues to take in consideration. Target Retirement fund is risky and should be researched carefully. Depending on how much you are looking to invest and what type of funds available to invest, when you are looking for the return are some questions that need to be considered before making this choice.
your retirement fund It is a type of defined contribution retirement plan offered by many employers. The employee decides how much he wishes to contribute, and the employer may or may not make a matching contribution.
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The difference between a gross and net withdrawal from a fund has to do with how much money you will receive. The gross withdrawal is the amount taken out of your fund which includes fees that you will not get to keep, the net withdrawal is the amount you receive after the bank's fees and any others are taken out.
Retirement accounts are linked to superannuation. The employer, in Australia is obliged to pay 9% of your income into a superannuation fund set up by you (you choose where the money goes). On top of the 9%, you have the option of sacrificing your income to be placed into the fund, with government benefits if this is done. (incentive). How much? Well, it depends on age, current super balance, budgeting after retirement and most of all current income.
You can find online retirement calculators at moneycentral.msn.com/retire/planner.aspx and www.bloomberg.com/invest/calculators/retire.html. Fool.com and Vanguard offer free retirement calculators. These can help calculate how much you'll have at retirement.
I worked for Gemco and would like to know If I have retirement money due to me.