Can You Retire Early in 10 Years?
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Let’s say that you want to retire 10 years from today – no matter what your age – is that even possible? It is, but you’ll have to rearrange your life in ways that most people are not willing to do.
5 Advantages of a Roth IRA
One feature that makes the Roth IRA stand out from most traditional retirement accounts is the fact that you pay with after tax dollars. In other words, you do not receive a tax deduction for your contributions and technically, this means that you are paying taxes before you even decide how to invest your money! Here are some more advantages!
Early Withdrawal Penalty Exemptions on IRAs
IRAs aren’t just for retirement anymore. You can use proceeds from your IRA to cover a wide range of specific expenses, and the dreaded 10% early withdrawal penalty will not apply. You will still have to pay the regular income tax on the distribution in most cases, but since you most likely got a deduction as a result of the contribution, this is only fair. Here are some of the more common early withdrawal penalty exemptions for IRAs.
Not Enough Money for Retirement? Start a Business!
It’s always important to save as much for retirement as you can, and if you can’t you’ll need to have a solid Plan B lined up just in case. One of the best backup plans you can have for retirement is owning your own business and there are several reasons why.
How to Make Your Retirement Savings Last Longer
With retirement planning there is close to an obsession with hitting a predetermined target number. The idea is to create a retirement portfolio that is so large that it will be able to fund all of your needs for the rest of your retirement years. But there is a flip side to retirement planning that doesn’t get nearly as much attention, and that’s being able to preserve your retirement portfolio for the rest of your life. There are compelling reasons why this is at least as important as hitting a target portfolio size.
What is a Roth IRA: Benefits, Limits, and Differences from the Traditional IRA
If you’re anything like me, you don’t like taking risks. I may be too safe for my own good, but I’m just not a thrill seeker. Learn how you can contribute to a Roth IRA – a safe way to invest your money.
Inflation Being Ignored In Social Security Benefits: A Sign Of Long Term Collapse?
Have you heard that the government is not going to adjust Social Security for inflation retirees in 2011? Get the scoop here.