Retirement Plan Notes

Presenter: Jim Price
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 year

Simple IRA: $60 lifetime fee, Free Geek pays for

Can have account even after leaving Free Geek

10% penalty on withdraws from IRA until you're 59.5 years old

Exceptions do exist (e.g., First-time home buyers)

Mutual Fund

Bonds

Lending your money to government or company and they pay it back with interest

Stock

Piece of ownership in a company

How to start up

• FREE GEEK
  • Talk to Richard Seymour, Mark Kille to set up retirement accounts
• First Tech Federal Credit Union
  • Jim Price will offer financial advice and consultation
• Calvert Investments (Mutual Fund Company)
  • Takes out nuclear, fire, and tobacco companies; reviews company practices
• Raymond James Broker Dealer
• Addison Avenue

Free Geek will match up to 3% of your gross income invested into the account Rate of Return: No guarantee, investment in mutual funds

http://www.calvert.com

http://www.fidelity.com

http://www.vanguard.com

Historically, savings have kept up with inflations rates Recently not so much. Investment better keeps up with inflation

Blended funds == Split between Investments and Savings Diversify your assets and your risks

Global water fund (Good potential, says Jim) Alternative energy fund (no good potential yet)

You will need to report to the IRS on money you take out of your IRA

Keep track of what you withdraw, and what you spent it on (reciepts!)

If you quit Free Geek,

No more matches

Simple IRA -> Traditional IRA

Or, move into a different company

GO TO FREAKING FIRST TECH ALREADY SEAN