If you have a lot of money set aside in your 401k, should you be using retirement to pay off debt? As you are looking at your high-interest credit cards and loans, it might be tempting to liquidate assets for debt repayment purposes. But make sure you talk to a financial expert before...
► How to Use 529 Pans - EVEN IN RETIREMENT!► The old standby - municipal bonds► Sell your house and pay $0 Capital Gains► How 85% of Retirees pay $0 tax on Stock Dividends and Capital Gains► Pay the lowest amount (or maybe $0) or IRA and 401k Withdrawals► Why your ...
A Roth IRA can be a great way to do that for the simple reason that it gives you some flexibility. You can save money now, and later on you can either decide to use the money for college or to keep the money in the Roth IRA for your retirement and pay for college another way. A...
as there is no available cash outside of IRAs to use to pay the tax on the conversion. Taking the cash from the IRA in the form of a distribution can result in a 10% penalty,
#2. Pay off all of your debt (not including your home). #3. Save 3 months or more of living expenses. #4. Pay off your home. #5. Begin saving 15% of your income. Read More Featured ContentFeatured Videos Think you can’t retire early? Think again, you just need to want it. ...