CARES Act waives Required Minimum Distributions from retirement accounts for 2020.
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CARES Act Waives Required Minimum Distributions From Retirement Accounts for 2020
Need Cash? Try to Avoid Retirement Accounts
Article Highlights: Early-Withdrawal Penalties Reduction in Retirement Savings Exceptions from the Early-Withdrawal Penalty If you find yourself looking for a quick source of cash, your retirement savings may look like a tempting option. However, if you are under age 59½ and withdraw money from a traditional IRA or qualified retirement account, you will likely pay both income…
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Retirement account gaffes: Clients’ biggest withdrawal mistakes
This is a great article by Ed Slott. There are ways to avoid the 10% penalty tax for taking money out of your IRA early. But you’d better make sure you understand the rules clearly before taking an early withdrawal. This is a great resource for all the exceptions to the early withdrawal penalty. Baby…
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Michigan Pulls $600 Million From Ken Fisher After Lewd Remarks
I wanted to post this article about Ken Fisher because I know first hand how aggressively he markets his company to retired investors. I’m not one to ever try to disparage my competition in any way. But I think everyone should know the true nature of this organization that is constantly running ads on TV,…
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Retirement expert: Americans can ‘catch up’ on savings shortfall
I want to make a very important point that the majority of my clients have saved the bulk of their retirement nest egg in the last 10 years of their working years. During this ‘golden decade’, as I like to call it, you’re at your peak earning years, and your expenses are lower than they’ve…
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It makes financial sense to downsize your home as you prepare for retirement. Here’s why.
Great article from USA Today, by Adam Shell Sharon Greenthal always dreamed of living in a cottage by the sea. So when the freelance writer and blogger became an empty nester after her two kids left home following college, she turned that dream into real life: She replaced a 2,400 square-foot home in suburban Rossmoor, California, with a cozy, 1,500-square-foot cottage…
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Tips if you are planning to retire in 2019
Great advice for anyone getting close to retirement, or for someone who is already retired. Figuring out a budget for retirement is really step one. You need to know what’s coming in and what will be going out. Then, you want to make sure you have enough guaranteed lifetime income to cover the essential things.…
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The 10 Commandments of Retirement
This is a great 2-3 minute read, written by Richard Quinn. His blog can be found at Quinnscommentary.com We’re faced with a host of thorny retirement issues: Keep Social Security solvent. Make Medicare affordable. Many Americans aren’t saving enough. They want to retire earlier than they can reasonably afford. They’re effectively financially illiterate. But in…
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