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401K Sign Up? |
Who should I sign up with? High risk, medium or low risk? A combination? Here are my choices: My recommendation assumes you are rather young (under 40) and that your 401K does not charge load fees. |
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go to the MFEA.COM that site gives you free morningstar infomation so you can figure out what you want to invest in from your choices you have in your 401K. Most places you do your own investments.... If you really want high risk - high reward, take the $10,000 and buy a seat at the World Series of Poker. ...it is an ira so the gains/loss are not subject to tax leave if be it will bounce back!!! ...Very refreshing to see a young person who understands the value of their 401(k) plan. 7% is a good amount to start with. You're young enough that you want the majority of your money in stock... Are you in India? HDFC Mutual Fund is a Mutual Fund registered with the Securities & Exchange Board of India and hence the entire income of the Mutual Fund will be exempt from income-tax in ac... I think it is allowed. But not 100% sure. Please clarity the same with your tax consultant. If you have invested your money and purchased the Reliance Tax saver, then you can claim rebate u/s... Alright man.... Not to be crude but if you are smart, you don't invest in anything for the short term. But if you want fast growth, I would look into purchasing either penny stocks or look at... The dividends go on the line of the 1040 just below the interest, line 9. If there are capital gains distributions from the mutual fund (most of the time, there are) those will go on your schedule... |
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