American Funds Family

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Clarence Said:

In the American family, the mother comes first, then the kids, then the dog, then the cat, and then the father

We Answered:

Shouldn't the hamster come after the cat? Just kidding. Men are able to press charges and get a divorce. I've seen it happen.

Harold Said:

Can politicians balance mid class family budget?

We Answered:

Obama does. His first job out of college paid less than $30,000. He had student loans to pay off.

Allen Said:

What is the best family of no-load mutual funds?

We Answered:

Vanguard, Fidelity, and TRowe Price are the best of the no load fund families (in my opinion). More than likely your rep will not be interested in helping you select funds with the 3 families I mentioned. The loads are how he gets paid.

If you do invest with these, you will have to largely be your own financial advisor. Either learn about investing, or stick with American & your advisor.

Joan Said:

What does a young American moving to Amsterdam need to know?

We Answered:

Ok, well you have different circumstances (assuming that your family are already have it confirmed that they can move and reside in the Netherlands without a problem. If they are not moving already (legally confirmed) to the Netherlands (because I didn't clearly get this from the question) then it is a different story and basically near impossible for an American, but you can read more here http://answers.yahoo.com/question/index;â€¦

Assuming that is the case then you are able to join them on a number of conditions
- you must share a family relationship with the parent in the Netherlands with whom you intend to stay
- you are an actual part of the family (which includes not having been separated for more than a year)
- you pose no danger to the public order
- you will live with your father and/or mother as soon as you arrive in the Netherlands
- you will register at the same address as your father and/or mother
Please note: You will be admitted to the Netherlands only if it would be disproportionally harsh to leave you in the country of origin.

Your father and/or mother must meet the following conditions:
* He/she has sufficient income in the Netherlands; in some cases your father's and/or mother's income is not taken into account.
http://www.ind.nl/EN/verblijfwijzer/verbâ€¦

So your parent's income must be sufficient to the levels indicated (see document in the link provided from the Dutch immigration dept site), you have no criminal record that would disqualify you from being here, and the only thing I find difficult is the clause "You will be admitted to the Netherlands only if it would be disproportionally harsh to leave you in the country of origin". You would need to provide unequivical proof of this (ie that you are not in work in the US and that your parents have been providing for you to date, and that you have been living at the family home).

To try to answer your specific questions:
Am I encouraged to learn another language?
As an American, you do not have to take the civic integration exam, and of course people do speak a level of English here, but if you are going to find work in the field you indicate) then it will be imperative to learn Dutch to a near-native level.

What is considered cheap to travel from Las Vegas?
Well air fares are pretty standard, but your family will surely take care of that along with any furniture etc you (as a family) will bring. Otherwise you can look at air fares on this site http://www.skyscanner.net/

Any legal paper work to take care of if I chose to live abroad?
Yes, as mentioned in the first part of the question.

Where can I find affordable living around Amsterdam?
Good luck with that. You would have to live with your family under the above conditions. If this is not the plan then $500 will not even afford you housing in Amsterdam let alone the living costs as well. Social housing is the only affordable option in Amsterdam and you have to be on waiting list for years (think 10+ rather than 1+ years)

What troubles will I have finding a job?
In the field you are planning to work, then yes most definately. There are jobs in English for international companies, but unemployement is increasing and competition (bearing in mind Dutch graduates speak great English, and EEA persons are free also to apply) is high for these limited positions.

Where can I find any jobs in the area?
As I mentioned, but you can see links to job sites in the first link I gave you at the top of the page

Any other questions I should be asking?
Well the immigration thing is the biggest one. You need to read the IND site carefully and follow the residence wizard on the left hand side based on your situation. If and only if it is possible for you to legally reside in the Netherlands can you start to think of the next step. I would also recommend that you visit Amsterdam first and talk to people. Living in a city is rarely the same experience as being on holiday in one (I have lived in 3 countries and can assure you, it is not all sunshine and roses!)

Christopher Said:

My employer no longer offers a match on our 401k should i keep putting $ in or switch it to a roth ira?

We Answered:

This depends on your tax situation. Both funds will keep your money invested until you're 59.5, so the main question is whether or not your taxes will be higher now or when you're 59.5.

For most people, it's when they're 59.5. If you have a full-time job, then the money you invest in a Roth will be taxed at their "marginal tax rate", which is rate of the top tax bracket that you're in -- 25 or 28% for most Americans, plus another 6 or 7% for state income taxes. But if you're retired when you start taking the money out, you're no longer drawing a salary and you pay the full spectrum of tax rates for what you take out of your 401k.

For instance, if a single 60-year old takes out $50k from his 401k and uses a standard deduction on his taxes (which assumes he's paid off the mortgage, basically), then he deducts $8450 from his income, leaving $41550 to pay taxes on. With today's tax rates, he'd pay about $8700 in federal and state taxes -- only about 17.6% of his $50k. Compare that to the ~33% he would have paid during his career if he'd invested in his Roth rather than his 401k!

The great unknown, though, is what the tax structure will look like when you're 59.5 years old! If income tax doubles, then you'll be in bad shape with your 401k. Social Security concerns feed the idea that income taxes on retirement income might skyrocket. I don't know if that will happen or not.

So I'd recommend that you continue to fund *both* funds. This is a hedge against that possibility. If taxes go up, then you have your Roth IRA with all the taxes paid already. If they stay the same or go down, then your 401k has a larger amount that you can now pay taxes on at a lower rate.

I'd lean more heavily towards the 401k, even though your company doesn't match. I personally think it's the better bet (especially for people in the 28% and 33% tax brackets).

Good luck to you,

Doug

Bryan Said:

Why won't you fight for the American Family farmer and against agribusiness and oil? Why not renewable energy?

We Answered:

Thank you , The Family Farms in the US are under extreme economic pressure and thousands are pushed off land every year. This crisis in farm country is threatening the very existence of the family farm in America . As family farms are forced out by large , factory farms , the quality of our food , our environment and food security is in danger..
Read more on this article ,go to : http://www.farmaid.org/site/PageServer?pâ€¦
and :http://www.pbs,org/independentlens/realdâ€¦
and :http://www.familyfarmer.org/conference/sâ€¦
These are very sites and will give you good information on the problems facing the Family Farm .
Good question .

American Funds Family

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