Yes, but the taxable portion of your distribution may be subject to a 10 percent penalty for early withdrawal if you're not yet age 59½. If you are 59½ or older and take money from your traditional IRA, you will not be assessed a penalty, though you may still have to pay income tax on all or part of [...]
You may have heard that IRAs and employer-sponsored plans (e.g., 401(k)s) are the best ways to invest for retirement. That's true for many people, but what if you've maxed out your contributions to those accounts and want to save more? An annuity may be a good investment to look into. Consider the p [...]
Your need for life insurance changes as your life changes. When you're young, you typically have less need for life insurance, but that changes as you take on more responsibility and your family grows. Then, as your responsibilities once again begin to diminish, your need for life insurance may decr [...]
Did you know that for 64% of business owners, the company is the primary source of income to support them? Make sure you’re ready to transition out of your business by joining us for this week’s third and final episode with Financial Professional Scott Bushkie! Real Wealth® is an online rad [...]
Here’s something to think about: typically, 60 – 100% of your business’ worth will be used for your retirement. Will you be able to live off of the current value of your business, or does that sentence make you nervous? Scott Bushkie returns this week to continue the conversation of how to enhance t [...]
Go out into your yard and dig a big hole. Every month, throw $50 into it, but don't take any money out until you're ready to buy a house, send your child to college, or retire. It sounds a little crazy, doesn't it? But that's what investing without setting clear-cut goals is like. If you're lucky, y [...]
When you change jobs, you need to decide what to do with the money in your 401(k) plan. Should you leave it where it is or take it with you? Should you roll the money over into an IRA or into your new employer's retirement plan? As you consider your options, keep in mind that one of the greatest adv [...]
The crowd is cheering, your opponents are ready, and you’re lacing up your shoes – it’s game day. For sports, you need a coach to guide you to that final race, match, or game. Likewise, how can you expect to make it to your final financial destinations without a coach in your corner? Matt Thull has [...]
How long did you spend planning your last vacation? How does that compare that to the time you’ve spent planning for your longest vacation ever, your retirement? Good planning can help you save money, so tune in as Howard Sharfman shares shocking examples of the time and money people have saved when [...]
Retirement brings a flurry of emotions – excitement, worry, relief, uncertainty – maybe you feel all of them. There are often many small details that are forgotten amidst the time of retirement that are detrimental to the security of your future. To ensure you are fully ready for retirement, renowne [...]
