Withdrawals from 401Ks

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Saved Enough to Retire?

Submitted by Jim Blankenship on Tuesday, September 1, 2015 - 12:00pm

One reason retirement funding may mystify you: How do you know when you saved enough so you won’t run out of money during your golden years? The answer begins with an understanding of your day-to-day expenses, and how those expenses may change in 30 or more years of retirement.

6 Common Financial Pitfalls

Submitted by Heidi Clute on Tuesday, June 9, 2015 - 3:00pm

We all make mistakes, and through them, we learn. But when it comes to finances, it is best not to take the trial-and-error approach. Avoiding some of the following financial mistakes might save you a great deal of money and heartache.

Retirement Drawdown Tips

Submitted by Gary Brooks on Thursday, May 14, 2015 - 3:00pm

Your financial life, like climbing a mountain, does not end when you reach the summit, your retirement. Getting down safely, or making your retirement income last, requires a set of different strategies. How can you withdraw your money without depleting it?

IRA Withdrawal How-To

Submitted by Rick Kahler on Thursday, March 12, 2015 - 3:00pm

Last year I reached a milestone age: 59½, old enough to withdraw money from my individual retirement accounts with no penalty. While this felt bittersweet, it did remind me of the importance of timing when it comes to taking money out of retirement accounts. Withdrawing at the wrong time can create serious tax consequences.

Realistic Retirement Goals

Submitted by Wes Moss on Wednesday, February 4, 2015 - 12:00pm

We all often hear about how dire the retirement outlook for Americans is. While the overall situation is scary, I like to focus on the benchmarks that everyone can target without feeling like they’re losing before even starting.

Financial Drawbacks of Age

Submitted by Phillip Shrotman on Friday, December 5, 2014 - 3:00pm

Though I recognize that the alternative is much worse, getting older is for the birds. I hate the word “senior.” I do enjoy senior discounts but can gladly renounce them for just a small amount of real respect – and that includes in financial matters.

Setting Retirement Income (Pt. 1)

Submitted by Larry Frank Sr. on Monday, November 3, 2014 - 12:00pm

How much can you spend in your retirement? Answering this pivotal question requires you look hard at your current spending and how long you can expect to live – and at new approaches to using both factors in your plan.

An important part of your annual update of your retirement plan is new facts and circumstances. The problem: You may overlook important variables even as basic as the right retirement age.

Delaying 1st IRA Payouts

Submitted by Jim Blankenship on Monday, October 13, 2014 - 12:00pm

For most folks, when you reach 70½, you must start taking money from your retirement accounts every year. A little flexibility exists in the first year for you to plan withdrawals to your tax advantage.

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