Tag Archives | Retirement Planning

Penalty Free Retirement Withdrawals Prior to Age 59.5? Let’s talk about “Rule 55″

It has been well documented that the earliest age to begin taking withdrawals from retirement accounts is age 59 ½.  This is the age you are now eligible to withdraw money from your IRA, 401(k), 403(b) or other qualified plans without incurring an early withdrawal penalty. Note: You may still have to pay taxes on […]

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How Can I Find My Old 401(k) Account?

Key Takeaways Don’t overlook 401(k)s from past jobs. The account value is probably still growing and the money is rightfully yours in retirement. You can roll over an old 401(k) into a personal IRA and often into your new employer’s 401(k) without penalties or tax consequence. The Labor Department and Pension Benefit Guaranty Corp. are […]

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Medicare Made Easy

As retirement approaches, almost all of us are going to make critical decisions related to medical care.  One of the most important (and perhaps least understood) parts of your plan will be how your Medicare coverage will work. On October 19th at 11:30am ET, we’ll be hosting a free webinar titled Medicare Made Easy with […]

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401(k) Rollover Opportunities and Pitfalls

Key Takeaways Consider all of the pros and cons of a rollover before making a move. Very high 401(k) fees may be a good reason to roll your account over to an IRA. Use “trustee to trustee” rollovers to avoid inadvertent tax traps. Suppose you’re about to receive a distribution from your 401(k) plan, and […]

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Have You Seen the Elephant?

According to historical folklore, a common question posed to a new soldier during the American Civil War was, “Have you seen the elephant?” It meant something like, “Have you met the enemy?” Camp newcomers who had not yet experienced direct combat were viewed skeptically until they had survived the stress and terror of battle. Those […]

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Required Minimum Distributions (RMDs) – Time is Running Out

Key Takeaways What are RMDs? Do they apply to you? How to calculate them.  If you or a spouse has a 401(k) or an IRA, and turned 70 1/2 in 2014 or earlier, don’t forget about your big deadline looming on December 31. And I’m not talking about New Year’s Eve plans. December 31 is […]

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The Safe Savings Rate

Key Takeaways • Where it all started–the safe withdrawal rate. • My transition to the safe savings rate—the amount of income you need to sock away for retirement. • A comprehensive financial plan is best, but off-the-shelf tools and two popular “rules of thumb” can help. The Safe Withdrawal Rate About 20 years ago, a […]

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