Secret Finance

ummmk asked:


I am inquiring for someone. How can you get the most of your money back? The govt wants to take 45% of his retirement fund before he can have it. I’ve heard of investment companies that can help you bypass this but ofcourse they have their hands on your money and there is a lot of fine print and he isn’t very savvy and could easily be takin advantage of.

Anyone got a clearcut solution?

David asked:


I know nothing about the stock market.

I really want to know exactly “how” this second great depression affects the retirement funds. It just doesn’t make sense when I think about it.

Any help would be great

rsvpsoonest asked:


I am currently with Statewide Supperannuation, who have told me they do not give advice on transferring retirement funds from overseas to their clients accounts, even though they are a private commercial enterprize? Duh!!!
Can someone please advise me who I could contact to get free information as well as a more user friendly super fund?
Thanks to all

Jason asked:


These are my 2 main issues when I vote. Which candidate has a good plan to lower gas prices FAST and a plan to secure retirement funds? Please also describe the plan for both.

coyoteborder asked:


I read that immigrants that become permanent residents in Canada, and that enter the labor market at a mature age (30+, 40+), and that retire at the normal retirement age of 65 or 67, are entitle to a portion only of Canada’s retirement funds. The reasoning behind it is that because they have not contributed as long as a native Canadian or another immigrant that had entered the labor market at an earlier age, they cannot withdraw equal amount of funds. If it is so, is there a % of the “normal pension” that an immigrant would receive in retirement funds depending on his/her age at the time he started working in Canada? Are there investment options, like in the USA (mutual funds, 401K, IRA, etc), to make up for the difference of what a native Canadian could receive at a retirement age?

cj asked:


and if so how do i do it on my taxes?
problem is i took a 401k loan out and then lost my job and money was spent on down payment of house

ihatevfsf asked:


I’m refinancing one of my investment properties and i want to know if i do a 401k withdrawal but use that money towards paying for the closing costs and paying down the principal balance on the investment property. I know I will be subject to the IRS 10% penalty however can i deduct the amount paid to reduce principal and cover closing costs.

dlkendra asked:


If I have a rollover 401k that has decreased in value from $17,000 to $11,000, and I withdraw the balance, how will the capital losses be considered when taxes and penalties are charged?

Daisy asked:


I am planning to quit my job to go back to school to get my Masters and I was told I could take out my 401k for some extra $. How does this work? I have only been at this job for about a year. Is it even worth it? Please help!

Randy W asked:


Is there a way of removing the money from your 401k beside a loan if you are still employed at the company.