Questions From Listeners: How Much To Withdraw From IRA When I Retire?You are required by law to start minimum distributions by April 1 of the year after you turn 70½ but you may need to take your second distribution that year also.
Questions From Listeners: Should I Invest In Roth IRA Or Traditional?Are you maximizing out your retirement plan at work such as your 401(k)? Money should go here first, especially if the company matches your contribution.
The Other New Year: Your Retirement PlansAs you get close to retirement review what you have in your retirement plans. Take inventory as to how many retirement plans you do have.
Key Retirement Birthdays: Age 70½Congress and the IRS decided that you cannot leave your pre-tax retirement savings growing forever tax-deferred, so they chose 70½ for you to begin mandatory withdrawals.
Key Retirement Birthdays: Almost 60Almost 60 is technically 59½, the age you finally can get at those dollars you have been stashing away for years.
Tax Advice For The Self-EmployedSelf-employed individuals do get some decent tax breaks. Maybe not as many as the big guys, but take advantage of as many as you can.
The Importance Of Updating Beneficiary DesignationsBeneficiary designations are unique in that upon your death the asset passes to the named individuals on the account and they will bypass any will or trust that may be in place.
Girl, 9, Accidentally Shot By Dad At Vermont Hunting CampPolice said Randy Babcock was clearing his .22 caliber handgun Sunday morning when the girl was shot in the stomach.
Key Retirement Birthdays: Age 50Many birthdays are key to successful retirement planning. We’ll spend the week looking at the ones I think are key to your success.
Other Ways To Pay For CollegeIf your kid is in her senior year and there is nothing set aside for her college education it’s too late to do much more than stick whatever extra cash you can in a savings account.
Retirement Plans At WorkMore and more employers are eliminating their pension plans and only 60% of employers currently offer retirement plans.
Using Your Retirement Plan As A Revolving Savings AccountAccording to the Employee Benefit Research Institute’s latest study on borrowing, more than 20% of participants have outstanding loans from their retirement plans.