REQUIRED MINIMUM DISTRIBUTIONS What is a required minimum distribution? Required minimum distributions — also known as RMDs — are withdrawals the IRS says you must make from tax-deferred retirement accounts each year. The requirement to start taking these annual withdrawals occurs the year you turn age 72. What types of accounts will I need to […]
Retiring Early is something that many individuals strive to do throughout their working career. Whether it’s the long hours, time away from family, or the commute to the office, many workers today want to retire early.
A Roth IRA is a special IRA where you pay taxes on the dollars you invest for retirement but all future retirement withdrawal’s for retirement income are tax free.
A Roth IRA Conversion is where you move money that is pre-taxed, like in your IRA or 401k, and you move those funds into your Roth IRA.
401k contribution limits for 2023 are increasing by a record amount!
A 72T is an IRS rule that allows someone who wants to retire early to take substantially equal periodic payments from their IRAs and avoid the 10% early distribution penalty.
The first eligible age the you are allowed to collect Social Security benefits is age 62.
When can I claim my Social Security retirement benefits? || What is the best age to collect Social Security?
When can I claim my Social Security retirement benefits? Read More »
What are the rules for spousal benefits of Social Security?
What are the rules for spousal benefits of Social Security? Read More »
How to avoid penalties on early IRA Distribution
How to avoid penalties on early IRA Distribution Read More »