It’s OK to take a retirement hardship withdrawal when life takes a turn, but consider the risks.
Recipients pay federal income taxes on their benefits if their combined income (50% of benefit amount plus any other earned income) exceeds $25,000 per year filing individually or $32,000 per year filing jointly.12Information on the taxation of Social Security benefits is found inInternal Revenu...
Federal Government Pensions Federal government employees often have pensions, but they generally don't have the option of taking a lump sum. In fact, when it comes to their pensions, they have very little to decide, says Caine Crawford, a retirement advisor based in Denver who speciali...
The Federal Reserve typically targets a low rate of inflation for the long-run, believing that slowly increasing price levels keep businesses profitable and prevents consumers from waiting for lower prices before making purchases. There are some, in fact, who believe that the primary function of in...