penalty free, for education expenses as well as for a first-time home purchase ($10,000 limit). You still pay income taxes but this is a nice option you don’t have with a 401(k).
But, at the minimum possible age that I can withdraw from retirement savings without paying any penalty, I have to pay more taxes than I planned before I ever would. Similarly for you, if you have a mountain of cash in your retirement saving, you’ll be paying more taxes upon withdrawal...
Assuming you have the rollover account set up and ready to receive the funds from the 401(k), the check should be made out to the IRAcustodian— i.e., say Schwab, Fidelity Investments or another investment manager — for the benefit of you. In this case, there is no tax withholding. ...
such as a 401(k) or 403(b), chances are your employer also kicks in a matching contribution. That match is pegged to how much you are contributing. I have news for you: you may not be contributing enough to collect the
I'm an ophthalmologist in California, and I'm calling with a question on how to account for a primary residence when considering asset allocations. I own my home outright and thankfully do not have a mortgage, but real estate is expensive here. So, its value accounts for about 50% of ...
Although we love our current house, I look forward to a smaller home. Ideally, in 3 years we will downsize to a home that we can purchase outright with the equity we have in this home. Both kids out of the house with jobs and health insurance. ...
I know people that always say to me and some of the intelligent people on my podcast, Fun With Annuities®, interest rates have to go up. I don't think so. We are in a different time period where we've painted ourselves into a corner. So, interest rates, who knows? If you buy...
While I think the best ways to pay for advice are an hourly rate for financial planning and a flat annual fee for investment management (although they also have their own conflicts of interest), I certainlydo take advertising money from advisors who charge AUM fees and have for years. Over...
Remember, closing your Navy Federal Checking Account means that you will no longer have access to the funds within it. If you still have remaining balances or pending transactions, it’s crucial to address them before proceeding with the closure. Now, let’s move on to the next step in the...
By following these steps, you can easily remove your credit card from Google Play through the website. This method provides you with a clear overview of all your payment methods and allows you to manage them efficiently. If you encounter any difficulties or have further questions regarding the ...