Comments on: Get Your Financial Questions Answered by the Authors of “On My Own Two Feet” Plus a Giveaway http://genxfinance.com/get-your-financial-questions-answered-by-the-authors-of-on-my-own-two-feet-plus-a-giveaway/ Helping a unique generation achieve financial independence. Fri, 18 May 2012 12:26:36 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Patrick http://genxfinance.com/get-your-financial-questions-answered-by-the-authors-of-on-my-own-two-feet-plus-a-giveaway/comment-page-1/#comment-130683 Patrick Fri, 09 Apr 2010 18:33:10 +0000 http://genxfinance.com/2007/06/07/get-your-financial-questions-answered-by-the-authors-of-on-my-own-two-feet-plus-a-giveaway/#comment-130683 I have $100,000 in my 401K, and another $70,000 in stocks in a roth IRA. I also own a few rental properties. I want to buy a house ($80,000) to rent out now that prices are low, but want to use the money in either my 401k or my Roth IRA. How do I go about this, and does the rental income I receive then have to go back into my retirement account. I am 44 years old. I have $100,000 in my 401K, and another $70,000 in stocks in a roth IRA. I also own a few rental properties. I want to buy a house ($80,000) to rent out now that prices are low, but want to use the money in either my 401k or my Roth IRA. How do I go about this, and does the rental income I receive then have to go back into my retirement account. I am 44 years old.

]]> By: twoelfel33@yahoo.com http://genxfinance.com/get-your-financial-questions-answered-by-the-authors-of-on-my-own-two-feet-plus-a-giveaway/comment-page-1/#comment-93404 twoelfel33@yahoo.com Mon, 10 Nov 2008 15:40:12 +0000 http://genxfinance.com/2007/06/07/get-your-financial-questions-answered-by-the-authors-of-on-my-own-two-feet-plus-a-giveaway/#comment-93404 I have a coop with a 59k mortgage. I am going to move in with my fiancé & I can probably sell for 240k or more. Kitchen & bath have been redone and it is a fairly decent sized place in Bay Ridge Brooklyn in a great building. I want to set aside $30k (at least) to put into my rollover 401k for the next few yrs. What is the best way to maximize my $$ and still be able to withdraw each year. I want to shoot for a minimum of $3,000 a year and hopefully make up the difference in smaller payments throughout the year to get to the maximum contribution. I have a coop with a 59k mortgage. I am going to move in with my fiancé & I can probably sell for 240k or more. Kitchen & bath have been redone and it is a fairly decent sized place in Bay Ridge Brooklyn in a great building.
I want to set aside $30k (at least) to put into my rollover 401k for the next few yrs. What is the best way to maximize my $$ and still be able to withdraw each year. I want to shoot for a minimum of $3,000 a year and hopefully make up the difference in smaller payments throughout the year to get to the maximum contribution.

]]> By: Fiona http://genxfinance.com/get-your-financial-questions-answered-by-the-authors-of-on-my-own-two-feet-plus-a-giveaway/comment-page-1/#comment-74652 Fiona Tue, 20 May 2008 08:47:36 +0000 http://genxfinance.com/2007/06/07/get-your-financial-questions-answered-by-the-authors-of-on-my-own-two-feet-plus-a-giveaway/#comment-74652 Does your bank have the right to transfer money from your savings account to your current account with out your premission to pay a direct debit (that you were unaware of)that is leaving your current account? Does your bank have the right to transfer money from your savings account to your current account with out your premission to pay a direct debit (that you were unaware of)that is leaving your current account?

]]> By: Jeremy http://genxfinance.com/get-your-financial-questions-answered-by-the-authors-of-on-my-own-two-feet-plus-a-giveaway/comment-page-1/#comment-8048 Jeremy Mon, 11 Jun 2007 14:39:01 +0000 http://genxfinance.com/2007/06/07/get-your-financial-questions-answered-by-the-authors-of-on-my-own-two-feet-plus-a-giveaway/#comment-8048 Thanks for the questions everyone. They have been forwarded on and I should post the answers later this week. Thanks for the questions everyone. They have been forwarded on and I should post the answers later this week.

]]> By: Brenna http://genxfinance.com/get-your-financial-questions-answered-by-the-authors-of-on-my-own-two-feet-plus-a-giveaway/comment-page-1/#comment-7889 Brenna Sun, 10 Jun 2007 18:44:30 +0000 http://genxfinance.com/2007/06/07/get-your-financial-questions-answered-by-the-authors-of-on-my-own-two-feet-plus-a-giveaway/#comment-7889 What are some ways to better prepare financially for having a child when there's only one income, school loans and some consumer debt? What are some ways to better prepare financially for having a child when there’s only one income, school loans and some consumer debt?

]]> By: MSMomsmoney http://genxfinance.com/get-your-financial-questions-answered-by-the-authors-of-on-my-own-two-feet-plus-a-giveaway/comment-page-1/#comment-7562 MSMomsmoney Fri, 08 Jun 2007 17:29:43 +0000 http://genxfinance.com/2007/06/07/get-your-financial-questions-answered-by-the-authors-of-on-my-own-two-feet-plus-a-giveaway/#comment-7562 I am a single parent of three teenagers. My oldest is 17, and has type 1 diabetes and kidney disease. What is the best way for me to help her get her own health insurance when necessary (I plan to keep her on mine as long as possible). Also what are some basics that all three of my kids should have--knowledge wise--before they leave the nest? My two daughters work, and have an ING account set up. Oldest daughter will be attending community college to start, other daughter wants to go to a Univeristy. Son is only 13... I am a single parent of three teenagers.

My oldest is 17, and has type 1 diabetes and kidney disease.

What is the best way for me to help her get her own health insurance when necessary (I plan to keep her on mine as long as possible).

Also what are some basics that all three of my kids should have–knowledge wise–before they leave the nest?

My two daughters work, and have an ING account set up.

Oldest daughter will be attending community college to start, other daughter wants to go to a Univeristy.

Son is only 13…

]]> By: Wisely Sunshine http://genxfinance.com/get-your-financial-questions-answered-by-the-authors-of-on-my-own-two-feet-plus-a-giveaway/comment-page-1/#comment-7428 Wisely Sunshine Thu, 07 Jun 2007 21:23:43 +0000 http://genxfinance.com/2007/06/07/get-your-financial-questions-answered-by-the-authors-of-on-my-own-two-feet-plus-a-giveaway/#comment-7428 My commpany doesn't offer any match for the 401K plan and that make most of my co-worker chose not to participate in the 401K. Is it still a good idea to participate in the plan even without a match? My commpany doesn’t offer any match for the 401K plan and that make most of my co-worker chose not to participate in the 401K. Is it still a good idea to participate in the plan even without a match?

]]> By: broknowrchlatr http://genxfinance.com/get-your-financial-questions-answered-by-the-authors-of-on-my-own-two-feet-plus-a-giveaway/comment-page-1/#comment-7407 broknowrchlatr Thu, 07 Jun 2007 17:25:43 +0000 http://genxfinance.com/2007/06/07/get-your-financial-questions-answered-by-the-authors-of-on-my-own-two-feet-plus-a-giveaway/#comment-7407 2 Questions: 1)Something that is rarely coverred on personal finance blogs is managing retirment income. How should retirement income be taken out of retirement vehicles? I get 2 paychecks a month right now. Should I take out 2 paychecks a months in retirement? Once a year? Right after any jumps in the market? 2) Along the same lines, should any major changes be made in your 401k/ IRAs at the time of retirement (reallocation, etc.)? 2 Questions:

1)Something that is rarely coverred on personal finance blogs is managing retirment income.

How should retirement income be taken out of retirement vehicles? I get 2 paychecks a month right now. Should I take out 2 paychecks a months in retirement? Once a year? Right after any jumps in the market?

2) Along the same lines, should any major changes be made in your 401k/ IRAs at the time of retirement (reallocation, etc.)?

]]> By: Steve Austin http://genxfinance.com/get-your-financial-questions-answered-by-the-authors-of-on-my-own-two-feet-plus-a-giveaway/comment-page-1/#comment-7398 Steve Austin Thu, 07 Jun 2007 16:53:43 +0000 http://genxfinance.com/2007/06/07/get-your-financial-questions-answered-by-the-authors-of-on-my-own-two-feet-plus-a-giveaway/#comment-7398 Perhaps a bit of an ornery question: how should one go about identifying whether an advisor or money manager is one of the best in the business (MBA degrees and CFA charters aside)? Second question, less ornery I hope: how did the money management industry come to assess fees on % of assets under management, and what can be done (within the industry) to change that immoderate practice? Perhaps a bit of an ornery question: how should one go about identifying whether an advisor or money manager is one of the best in the business (MBA degrees and CFA charters aside)?

Second question, less ornery I hope: how did the money management industry come to assess fees on % of assets under management, and what can be done (within the industry) to change that immoderate practice?

]]> By: TF http://genxfinance.com/get-your-financial-questions-answered-by-the-authors-of-on-my-own-two-feet-plus-a-giveaway/comment-page-1/#comment-7383 TF Thu, 07 Jun 2007 15:22:45 +0000 http://genxfinance.com/2007/06/07/get-your-financial-questions-answered-by-the-authors-of-on-my-own-two-feet-plus-a-giveaway/#comment-7383 My younger sister (she's 25) is desperate to buy a house. However, she's not started her 401(k) at work, she spends on clothes like they're going out of style (well, technically I guess they are), and she'll be borrowing quite a bit from our folks in order to put a decent amount down on the house. In situations like this, is there a good way to talk to people about personal finance, or is it something that you just hope they come into on their own? My younger sister (she’s 25) is desperate to buy a house. However, she’s not started her 401(k) at work, she spends on clothes like they’re going out of style (well, technically I guess they are), and she’ll be borrowing quite a bit from our folks in order to put a decent amount down on the house. In situations like this, is there a good way to talk to people about personal finance, or is it something that you just hope they come into on their own?

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