Retirement Trust Funds
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Warren Said:
does everyone understand that our congress has its pensions insured through AIG?We Answered:
Crooks...Jason Said:
if all your money was put into a trust fund through a nonrevoacable living will and all of that was in stocks-?We Answered:
I think if ever there was a time, it is NOW. I don't know your age or your personal needs (health, dependents, etc.), but for a layman like myself it sure sounds like time is on your side to try to convince a judge that according to past records, your money is on its way to disappearance unless something is done to override the will. Good luck.Viva King Crimson.
Kyle Said:
is this one of the best time to put retirement money to buy dividenad paying stocks & funds for living cost ?We Answered:
in my opinion you are not going to get safe income from the stock fund area -- you could end up losing all of you investment -- i would highly recommend ladder cds -- safe and can funds be easy obtained if needed!!!Frank Said:
How should I invest in my 401k? These are the options given to me?We Answered:
I looked at a few of the funds and they stink. You can go to Yahoo Finance, then investments, mutual funds and then funds by family and look at the Black Rock funds. I don't know what the Merill Lynch fund is since Merill isn't listed.The Black Rock Global Allocation Fund had pretty good performance and is well diversified but carries a 1.84% expense ratio which is a rip off. Anything over 1% is shameful and abusive. I would put the minimum amount to get the maximum match by your company and then put the rest into a Vanguard IRA or Roth. Their Vanguard Star Fund is similar and has an expense ratio of about 1/4 of the Black Rock Fund.
401k Administrators are supposed to act in behalf of the employees. These choices indicate that your 401k Administrator is either ignorant or is making deals that benefit the company not the employees. e.g.Black Rock might be giving the company a piece of the 1.84% or other benefit. You should send a professional letter to your Administrator requesting better and more inexpensive choices for example index funds and target date funds.
Gerald Said:
Trust Fund?We Answered:
Yes. Your local bank will be more than happy to assist you (and it will be for free). Some might recommend an attorney, but there's no need to pay for this type of advice.