http://wiki.freegeek.org/index.php?action=history&feed=atom&title=Retirement_Plan_NotesRetirement Plan Notes - Revision history2026-04-21T16:48:37ZRevision history for this page on the wikiMediaWiki 1.35.1http://wiki.freegeek.org/index.php?title=Retirement_Plan_Notes&diff=61661&oldid=prevScellef: Created page with "'''Presenter''': Jim Price<br /> '''Date''': 6 Mar 2012 ;Charges on investments :Class A: 4.75% per deposit -> 1% charge per year :C Shares: 0.0% per deposit -> 1.13% charge per…"2012-03-13T23:45:35Z<p>Created page with "'''Presenter''': Jim Price<br /> '''Date''': 6 Mar 2012 ;Charges on investments :Class A: 4.75% per deposit -> 1% charge per year :C Shares: 0.0% per deposit -> 1.13% charge per…"</p>
<p><b>New page</b></p><div>'''Presenter''': Jim Price<br /><br />
'''Date''': 6 Mar 2012<br />
<br />
;Charges on investments<br />
:Class A: 4.75% per deposit -> 1% charge per year<br />
:C Shares: 0.0% per deposit -> 1.13% charge per year<br />
:Simple IRA: $60 lifetime fee, Free Geek pays for<br />
::Can have account even after leaving Free Geek<br />
::10% penalty on withdraws from IRA until you're 59.5 years old<br />
:::Exceptions do exist (e.g., First-time home buyers) <br />
:<br />
;Mutual Fund<br />
:Bonds<br />
::Lending your money to government or company and they pay it back with interest<br />
:Stock<br />
::Piece of ownership in a company<br />
<br />
;How to start up:<br />
*FREE GEEK<br />
**Talk to Richard Seymour, Mark Kille to set up retirement accounts<br />
*First Tech Federal Credit Union<br />
**Jim Price will offer financial advice and consultation<br />
*Calvert Investments (Mutual Fund Company)<br />
**Takes out nuclear, fire, and tobacco companies; reviews company practices<br />
*Raymond James Broker Dealer<br />
*Addison Avenue <br />
<br />
Free Geek will match up to 3% of your gross income invested into the account<br />
Rate of Return: No guarantee, investment in mutual funds<br />
<br />
:http://www.calvert.com<br />
:http://www.fidelity.com<br />
:http://www.vanguard.com<br />
<br />
Historically, savings have kept up with inflations rates<br />
Recently not so much.<br />
Investment better keeps up with inflation <br />
<br />
Blended funds == Split between Investments and Savings<br />
Diversify your assets and your risks<br />
<br />
Global water fund (Good potential, says Jim)<br />
Alternative energy fund (no good potential yet)<br />
<br />
You will need to report to the IRS on money you take out of your IRA<br />
:Keep track of what you withdraw, and what you spent it on (reciepts!)<br />
<br />
;If you quit Free Geek,<br />
:No more matches<br />
:Simple IRA -> Traditional IRA<br />
:Or, move into a different company<br />
<br />
GO TO FREAKING FIRST TECH ALREADY SEAN<br />
<br />
{{Category:Inservice Notes}}</div>Scellef