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What is mutual fund research?

Mutual fund research involves the study of all available information. It should begin with a review of the mutual fund's prospectus. This document will offer the investor a wealth of information about the management of the fund, how the fund invests, the cost of ownership (fees and expenses) as well as information about the the fund's holdings. The potential investor may also use the web to gain opinions, how the markets are impacting the fund and recent news about the fund. All of this information helps prospective investors make the correct choice for their risk profile and investment goals.


How can one assess what stocks to buy?

It is very important for someone who is going to begin buying and selling stocks to assess which stocks to buy. Some are for long term holding, and others are for short sale. The investor needs to understand their investing goals. Individuals need to assess their own stocks, however for help on assessing stocks they can check sites like: etoro, Fidelity, or Vanguard.


Is there an age when you must withdraw funds from your 401K?

Yes, you must begin withdrawing funds from your 401(k) by April 1 of the year following the year you turn 73, due to the Required Minimum Distribution (RMD) rules established by the IRS. If you fail to take the required distributions, you may face severe tax penalties. However, if you are still working and do not own 5% or more of the company, you may be able to delay withdrawals until you retire.


How much do federal student loans cost?

That depends on what student loan you get. First off, there is usually a small service charge at the very beginning of withdrawing your loans (perhaps around $25). Then, the rest of the "costs" is the interest it that accrues. If you have a subsidized loan, interest is dependent upon when your loan is disbursed, and interest does not begin to accrue until 6 months after the last day of enrollment. If you have an unsubsidized loan, interest begins to accrue immediately, and currently is at around 6%.


When do you get your 401k?

Once you turn 70½, you must begin withdrawals from your 401(k) unless you're still working. These required withdrawals are designed to ensure that you use the money in your account for the purpose it was intended: to provide retirement income. You may not be required to put money into a 401(k) plan. In fact, only a few employers have mandatory plans. But if you do contribute, you must eventually take required minimum distributions (RMDs) from your plan if you haven't made arrangements for moving the accumulated assets out of your account. Check your minimum required distribution using our calculator.The reason the government requires withdrawals is that these tax-deferred savings plans were established to provide you with retirement income, not as a way for you to accumulate an estate to leave to your heirs-though if you die before you have withdrawn your assets you can pass them on to a beneficiary or beneficiaries you name.Of course, you're free to begin withdrawing sooner than the law requires-which is when you reach 70½-if you retire or leave your job. You can also take more than the required minimum each year if your plan offers a flexible withdrawal arrangement. But if you take less for any reason, or if the required annual withdrawal isn't made before the end of the year, you face a 50 percent federal penalty on the amount you should have taken but didn't.