Personal Finance - February 2007

I have a 401K w/ T. Rowe Price. I've invested in stock funds for many yrs and have done very well. I would like to lock in my gains. How do I convert the stock fund shares into another class like bonds or money market? The website has several choices. I'm not familar w/ the terms. The website gives me 3 choices. Please explain each. Thanks.

Change Investment Election;

Change Current Balance;

Reallocate Current Balances

2007-02-13 00:00:09 · 5 answers · asked by InvisibleWar 2

2007-02-12 23:15:58 · 4 answers · asked by brijkishor p 1

2007-02-12 23:04:57 · 4 answers · asked by ubetta 1

friends mom just died - the dad found her sitting in a chair dead. They own 3 buildings (business buildings - but not rented out however in prime section) and a house - however they have bad credit.They did not carry mortgage insurance. I dont know what to tell this friend as she is devasted from this. They need almost 10,000. None of the buildings are paid for either and the dad only gets social security. I thought maybe they could mortgage the house or something to handle the cost but I dont know. I personally have life insurance to cover this kind of stuff. Anybody have a clue as to what to do here or suggest?

2007-02-12 22:35:36 · 6 answers · asked by bufalo1501 2

About how much should i be "saving/putting away for my retirment, i mean what % of my pay check.

ME, 26yoM, So Cali, Orange county.

2007-02-12 21:44:53 · 5 answers · asked by "/ J()€ 5

I had Fixed deposit receipts(FDR) in one of the sahakari bank in Gujarat. I have sold some FDR to liquiditor at 45% rate (Because total amount was exceeding Rs. 1 lakh), meanwhile the RBI rule came not to do this type of settlement. The party has submitted the FDRs in the bank. Now against my FDR, the cheque of 1 lakh came, But bank requires all the FDRs, which I donot have and party has submitted in the Bank., Now Bank is forcing me to deposite money for my FDR in the Bank and take back the FDR and take the cheque.
Is it fair, instead of forcing liqiditor, they are forcing Fixed deposite holders to give money? If they will not considered the liquidator's submitted FDRs against their loan (due to RBI rule), why Bank is keeping with them the same FDRs?.
What about my other FDRs, which I have?
Please Guide me what could be done to get cheque of Rs. 1 lakh?

2007-02-12 21:14:29 · 3 answers · asked by dipti s 1

i have to catch up on some bills could any one help me.

2007-02-12 18:16:26 · 6 answers · asked by Anonymous

hi, i have heard of commission free trading for regular trading accounts. I have also heard of fee-free ira's. I am wondering if there is a brokerage which combines the two.

2007-02-12 18:11:26 · 1 answers · asked by yahooHulk007 2

I have an IRA in the 6 figures range. In 2010 anyone regardless of AGI will be allowed to convert IRA accounts to Roth IRA accounts. The advantage of this is that all future gains will be tax free.

The rules regarding what IRA investments can be in are rather loose so you are not restricted to just stocks, bonds and the usual stuff.

Under this conversion, I'll need to pay tax on the value of my account that has not previously been taxed.

I am thinking that there might be a way (loophole) to have my IRA invested in something that has an artificially low value at the time of conversion (2010) but has a high value in 2011 or other time in the future. What ideas do you have of such a scenario?

2007-02-12 17:51:47 · 4 answers · asked by Anonymous

Can a cosigner be removed from a loan? and if so, how long after the loan is opened?

2007-02-12 17:33:30 · 7 answers · asked by divinemadness 4

My employer currently offers a traditional 401k (tax deferred contributions and gains) but being rather young, I'd prefer to have a Roth 401k (post-tax dollar contributions and tax free withdrawals upon retirement). It doesn't cost a company anymore to offer this benefit (not considering employer matching contributions) but it could be somewhat of an administrative burden, especially to initially set it up.

How do I convince my company that this is something they should do?

2007-02-12 16:52:56 · 4 answers · asked by Anonymous

2007-02-12 16:37:21 · 12 answers · asked by GANESWAR S 2

I need a loan for $25,000. Just wondering what kind of options are available. I own a home but not a lot of equity since it was only purchased several months ago.

2007-02-12 15:34:10 · 3 answers · asked by gizisanut 2

2007-02-12 15:25:36 · 7 answers · asked by brightlight 1

days a deposit held before payment

2007-02-12 15:18:36 · 4 answers · asked by paul D 1

If you and your mom was sharing $1,519

How would you divide the money equally?

2007-02-12 14:53:36 · 5 answers · asked by Anonymous

Someone fraudulently made a charge against my credit card. The bank said nothing can be done until it posts to my account one month from now. The merchant said I should file a police report and the merchant will provide police with the details of the transaction.

2007-02-12 14:29:09 · 8 answers · asked by appleby 1

2007-02-12 14:23:08 · 4 answers · asked by farmanimal 1

my car payments, children school, gym, insurance of 2 cars, rent , wife college and books, babysitting, cells, food, sat radio, services, don't leave me money to save, my wife dosen't work to save in babysitting but we have to pay for it when she go to college, gas, etc I have 2 jobs and desperate what can I do?

2007-02-12 13:53:56 · 12 answers · asked by enproblemado 2

Just quit my job, and I don't qualify for my new job's 401k until this summer. I am unable to keep my money in my previous job's 401K plan, so need a "bridge" to put that money in between now and this summer. Any advice? Should I open an IRA and put it in there. Can I then roll that over to my new 401K this summer? Don't want to pay any fees at all. Thanks.

2007-02-12 13:25:17 · 4 answers · asked by nujdawg 3

2007-02-12 12:54:25 · 5 answers · asked by rfortbrownlow 1

I have it just to help others, especially Walmart employees. I need honest feedback...Tell me what you think. thanks

2007-02-12 12:30:13 · 1 answers · asked by the401kman 1

My aunt had her car stolen for the 4th time. She dosnt have much extra money to buy one. Me and my friend want to raise money to help her buy one. Any ideas for 12 year olds to raise money fast???

2007-02-12 11:28:24 · 16 answers · asked by Amber Y 2

Ok, Here is my question Follow this:
back around two years ago, I CONVERTED my traditonal self-directed IRA to a ROTH IRA. I initially started with about 23,000 or so when I did the conversion. I have been adding money for the past 2 roughly years. NOW, I want to take that money from the ROTH IRA and place it into a regular savings type account such as my online savings account (Emigrant to be precise) for the purchase of a first home. I know that I can get to 10,000 of it with no problems, but I want to be able to get at all of it.
My rationale is this: I ALREADY PAID TAXES ON THIS WHEN IT WAS CONVERTED, WHY DO I HAVE TO PAY AGAIN?....or do I? now the money I have gained since I converted..ok..I can understand I may have to pay money on that...(I can leave some of it in there)..
BUT SHOULD I NOT BE ABLE TO GET AT MOST OF IT WITHOUT ANY TAX OR PENALTY ISSUES?.....sorry for the caps...HELP!!!

2007-02-12 11:27:24 · 2 answers · asked by Pierre Morris 1

2007-02-12 11:09:01 · 5 answers · asked by pozitive thinking 2

Can anyone recommend any good mortage deals at the minute either fixed or discounted rates with no fees. I have a tracker mortgage at the moment with the Haliax and have got 17 years to run. Have been looking on the net but most of the big lenders do not want to give much away. Some says no fees but when you read the small print that isn't true as they still want to charge you a valuation fee. I am not loking at extending the term and definately will not require extending my loan or wanting to take holiday periods. Flexible mortgages look ok in principle but they seem to cater more for borrowing more money than getting rid of the milestone. Most standard mortgages will let you pay an extra 10% off each year anyway. Thank you

2007-02-12 10:58:26 · 3 answers · asked by martin m 5

I currently have the money ($10,000) in a 5.20% money market account, need to money to be available whenever I need it so CD accounts are out. I have looked into Index funds but the returns seem crappy for the amount of risk involved. Anyone have any suggestions

2007-02-12 10:50:59 · 5 answers · asked by ? 2

2007-02-12 10:49:05 · 6 answers · asked by loopofeternity 1

Will social security help me, or side with the creditor. People with past experience with this type of matter please.. help answer this question

2007-02-12 09:48:35 · 7 answers · asked by Kenneth R 1

2007-02-12 09:45:49 · 24 answers · asked by bella 1