FindArena > Find Arena > Funding

 
Thread Tools Display Modes
  #1 ()
Evarroria : For example, if my insurance has a $3000 deductible before they start paying for medical procedures, is a doctor's office legally able to require that I pay for a $500 procedure up-front rather than billing me for it after it has gone to my insurance and they've said it should be applied to my deductible? I hope that makes sense!

  Reply With Quote
  #2 ()
likelucyru : Even my dentist will require the deductible first.
Done often. Just part of life.
I've tried to explain to them that this is silly and that we will pay and it would be simpler to get a bill and write a check later.
They refuse.

I know, you feel looked down upon since they may be even thinking you don't have the money to pay upfront. Just realize that a lot of people don't. Just part of life
  Reply With Quote
more..
  #3 ()
Gofmeagogam : The company I am working for has started offering Roth 401k. I have two taxable investment accounts I had been putting money in to buy mutual funds. I make too much for Roth IRA.

I'm wondering which makes more sense. the Roth 401k or the taxable investment accounts. Or a combination of the two. Obviously, my investment options in the 401k is still more limited than my taxable investment accounts.

Any suggestions how one might approach this?
  Reply With Quote
  #4 ()
pneupejed : There's no such thing as a "Roth 401(k)."

You can get a "401(k)" or a "Roth IRA." They are different account types. A retirement account locks up your money until you retire. You cannot touch the money until age 59-1/2 without facing a stiff penalty.

Read "Investing for Dummies" or "401(k)s for Dummies." Good luck!
  Reply With Quote
  #5 ()
voitrolovon : Whoever state that their isn't a ROTH 401K do not know what the hell they are talking about http://en.wikipedia.org/wiki/Roth_401(k) A Roth 401(k) retirement plan combines some of the most tax-advantageous features of a traditional 401(k) and Roth IRA. In a traditional 401(k) plan, contributions are made on a pre-tax basis, investments grow tax-free but the contributions and investment income are both taxed when funds are withdrawn from the account (typically in retirement). In contrast, contributions to a Roth 401(k) plan are made from after-tax income. However, investments grow tax free and investment income is not taxed ever — even upon withdrawal so the best choice would be ROTH 401(K). The money that you contribute to your Roth IRA is known as principal. You invest this principal into different securities and earn returns. With a Roth IRA, you can always take out the principal that you have contributed at any time. Since you have already pay taxes on this amount of money, the government does not care when you take it out.


Take Care
  Reply With Quote
  #6 ()
gusladdnet : Answer ONE - - The ROTH 401K is the better choice (presuming you are investing for retirement). Contributions and earnings in a ROTH 401K will never be taxed again (as long as you don't break the rules for withdrawals).

Answer TWO - No one earns too much to have a ROTH IRA. The income limits on ROTH contributions is easily (and legally) avoided by using a "back door ROTH" (google it).

Summary - Invest for retirement as follows:
1. Deductible 401K up to the match.
2. Standard ROTH up to the limit ($5500 + catchups)
3. ROTH 401K with any additional.
  Reply With Quote
  #7 ()
SwonMentsMece : Invest in the Roth 401k for as much as your allowed.
You will have to pay tax on your investments for the
year, but none on withdrawals in your retirement years.
There is no matching amount allowed in the Roth 401k.
Also keep investing in your taxable mutual fund accounts.
In your retirement years, you will need around $2,000,000
for a comfortable life style.
  Reply With Quote
  #8 ()
Aripooh0013 : Obviously Roth 401k accounts exist and have for many years. I had one 6-7 years ago.

Company match is risk-free return and a tremendous deal. Certainly contribute enough to max out the match.

Read the details of your plan. In most cases, company matching funds are pre-tax 401k money, even if your contributions are after-tax Roth money. That would give you some tax diversification in addition to your other accounts.

The goal is to have some flexibility in how you generate retirement income in the most tax advantageous manner. For instance:

- Taxable sources (pension, SSI, dividends, interest, cap gains, regular IRA/401k) up to the 15% tax limit.
- Additional funds from non-taxed Roth accounts.

Think of the zero and low tax brackets as assets to utilize.
  Reply With Quote
  #9 ()
LagIdogmaCand : I do really well in school and on paper but I'm not an outspoken person. I really like banking and its pretty much the only thing that I would "tolerate" doing for the next 40-50 years
  Reply With Quote
  #10 ()
KaoiljejnnSam : There are quite a few misconceptions about investment banking (and banking more generally), one of which is that you need to be loud, cocky and 'in your face'. You don't. You do need confidence in your own ability and reasonably articulate, but in some areas (notably research, or anything quantitative) you can often find some more introverted (or at least, less extroverted) personality types. Even in the supposedly macho world of trading, I encountered some relatively shy traders during my time in the market.

However, you might want to avoid sales roles.

Just make sure you keep your grades up and stay in touch with market developments.

Best regards
Stan
  Reply With Quote