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Getting Personal
Getting Personal
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About the author
Christopher Farrell is economics editor of Marketplace Money, a nationally syndicated one-hour weekly personal finance show produced by American Public Media.
Love the show, which I now listen to via Podcast. My wife and I are now teaching at an international school in Qatar, where there are no income taxes, and our income is below the level to pay U.S. taxes. Would it make sense to pay Social Security taxes to the U.S. to maximize that income, or would it be better to invest in other instruments? Thanks!
A question for Chris Farrell: I am 61, behind in retirement savings about $25,000 in IRAs and 401ks), and am prepared to keep working until at least 70. I'm inheriting $50,000. I have been saving 6% of income in a 401k because that is the matched amount. It occurs to me that I could have the entire catch-up maximum deducted from my salary and use the inheritance to make up the salary difference. This would be a way to transpose part of the inheritance into a 401k plan rather than invest it separately. What do you think?
On a previous show Tess interviewed folks with better alternatives (read safe and sure) to 401k, Mutual Funds, Pensions and banks for a return of around 7%. An account anyone could contribute to not just for employers to provide employees. Returns betters than savings account. Her argument sounded reasonable. Where do I sign up?
On a previous show Tess interviewed folks with better (read safe and sure) alternatives to 401k, Mutual funds and banks for returns around 7%. An account that anyone not just for business to provide employees for retirement. Returns better than savings account. Her argument sounded convincing. Where do I sign up?
i'm 65, retired, currently collect a pension, and plan to start collecting social security at 66, in february. my wife still works and intends to continue for a couple of more years; she is 63. my traditional ira accounts are about 30% down in value. it has been suggested to me to convert my traditional ira to a roth now because of its relatively low current value. is converting now a good idea?
thanks.
On a previous show Tess interviewed folks with better (read safe and sure) alternatives to 401k, Mutual funds and banks for returns around 7%. An account that anyone not just for business to provide employees for retirement. Returns better than savings account. Her argument sounded convincing. Where do I sign up?
On a previous show Tess interviewed folks with better (read safe and sure) alternatives to 401k, Mutual funds and banks for returns around 7%. An account that anyone not just for business to provide employees for retirement. Returns better than savings account. Her argument sounded convincing. Where do I sign up?
A question for Chris Farrell: We're a self-employed married couple in our early 40's. We recently received a tax-free insurance settlement for an accident and we are considering paying-off the balance on our primary residence. That would leave us with no debt and the ability to take our monthly house-payment amount and build-up our retirement funds, which have been neglected as we've built our business. We'd like to know the pro's and con's of paying off our mortgage early? We've already checked with our mortgage holder and there are no early payment penalties. Thanks!
