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IRA Withdrawal Rules: Penalty-Free Withdrawal From Traditional and Roth IRAs

IRA Withdrawal Rules: Penalty-Free Withdrawal From Traditional and Roth IRAs 1

Traditional IRAs can give you a tax break and grow tax-deferred. Roth IRAs are funded by after-tax money and grow tax-free. Along with your 401(k), IRAs will likely constitute the bulk of your retirement savings. But IRAs can also be used for non-retirement purposes. If you’re buying your first home or paying for college, you … Read moreIRA Withdrawal Rules: Penalty-Free Withdrawal From Traditional and Roth IRAs

3 Benefits of Delaying Your Retirement

3 Benefits of Delaying Your Retirement 12

Recent economic mess and stock market decline left many people wondering if they’ll have enough money for their retirement. Many will just have to adopt a more frugal lifestyle, but some people are lucky enough to have the option to delay their retirement. If you are in this latter group of people, here are several … Read more3 Benefits of Delaying Your Retirement

5 Things You Don’t Want to Hear From Your Financial Planner

Retirement is just around the corner.  You think you’ve saved enough; but with the recent market drop, you are just not sure. Your retirement accounts have taken drastic blows and now you’re in doubt if you will ever retire. You decide it’s time to sit down with a Certified Financial PlannerTM to see if you … Read more5 Things You Don’t Want to Hear From Your Financial Planner

Should You Delay Your Social Security Benefits?

Should You Delay Your Social Security Benefits? 16

There was an interesting comment from a reader, ToughMoneyLove, regarding the benefit of delaying your retirement because the Social Security Administration gives you 8% bump in benefits each year. Here’s that part of the comment: For your Mom, she will get an 8% bump in benefits for each year she delays taking SS until age … Read moreShould You Delay Your Social Security Benefits?

eFinPLAN Online Financial Planning Software Review

eFinPLAN Online Financial Planning Software Review 20

Kent Irwin, who recently wrote a guest article: Is Suze Orman Right, Can You Be Your Own Financial Planner?, sent me a free license to use his eFinPLAN online financial planning software. In this post, I am going to provide you with my initial experience, and I will follow up with a second post to … Read moreeFinPLAN Online Financial Planning Software Review