Archive - May 30, 2016

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Early Withdrawal of an IRA – First Time Homebuyer
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Investing 101: Things to Think About Before You Invest

Early Withdrawal of an IRA – First Time Homebuyer

When you have money in an IRA, you are allowed to begin taking withdrawals once you’ve reached age 59½. But sometimes you’d like to take your money out earlier… and you’ve probably already discovered that there is a 10% penalty for taking funds out of your IRA early, right? So – is there a way to avoid that penalty? Perhaps as a first time homebuyer.

There are several ways to withdraw IRA funds without penalty, as a matter of fact. There are several sections of the Internal Revenue Code that deal with these early distributions – including 72(t) which includes …

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Investing 101: Things to Think About Before You Invest

I recently read an article called “Ten Things You Need to Do Before You Start Investing” on The Simple Dollar.

In general, I think the author made some good points. He recognizes that not everyone is in a position to immediately throw a bunch of money into the financial markets and have that turn out well. He brings up the mindset that you need to have and a few things to put in place before starting to invest.

Here are his 10 points:

  1. Your Net Worth Needs to Become the Primary Personal Finance Number You Care About
  2. You
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