| Would like to know about all that IRA, 401k and etc. stuff |
|
|
|
|
|
deomix
Preferred Member
Cash: $ 15.60
Posts: 106
Joined: 19 Aug 2005
Location: Lithuania
|
| Would like to know about all that IRA, 401k and etc. stuff |
 |
|
HI,
I'm completely new to these retirement programms and would like to know at least basic of these. I've read about the 401k in here, but also would like to know about others. Please post a link if you know one.
Cheers
http://www.markethealth.com/?aid=418357
|
Thu Jan 26, 2006 7:07 pm |
|
|
efflandt
Senior Member
Cash: $ 80.45
Posts: 401
Joined: 25 Apr 2005
Location: Elgin, IL USA
|
Are you in the U.S. (becoming a citizen?) or a U.S. citizen living in Lithuania?
For the rules as far as contributions and distributions go to http://www.irs.gov/ and search for 401k, IRA, retirement, etc.
Investment options vary. Employer plans like 401k typically have a limited number of options (typically mutual funds), but some offer equity trading (stocks, etc.).
IRA's have more limited qualifications and contribution amount, but there are more investment options depending upon where you set up the account(s). It can be anywhere from a bank (IRA CD) to brokerage firm (wider selection of mutual funds, stocks, etc.).
|
|
Fri Jan 27, 2006 12:54 am |
|
|
deomix
Preferred Member
Cash: $ 15.60
Posts: 106
Joined: 19 Aug 2005
Location: Lithuania
|
quote:
Originally posted by efflandt
Are you in the U.S. (becoming a citizen?) or a U.S. citizen living in Lithuania?
I'm just planing to go to USA for my last school years ( they say that it's much easier to learn there, than down here in lithuania ) and then maybe become a citizien.
http://www.markethealth.com/?aid=418357
|
|
Fri Jan 27, 2006 7:52 pm |
|
|
deomix
Preferred Member
Cash: $ 15.60
Posts: 106
Joined: 19 Aug 2005
Location: Lithuania
|
quote:
Originally posted by coaster
We'd love to have you for a US citizen and taxpayer -- we can use all the taxpayers we can get!! 
I'd love to be just citizen instead of being taxpayer... Too bad it's not posible (in legal way that is).
http://www.markethealth.com/?aid=418357
|
|
Sat Jan 28, 2006 2:18 pm |
|
|
|
