Archive - 2017

1
Women and Retirement: Attitude is Everything
2
19 Ways to Withdraw IRA Funds Without Penalty
3
Navigating Your Employer Retirement Plan Fund Choices
4
Paying Down Student Debt Early To Save More Later
5
Retirement Planning Includes Planning Retirement Account Withdrawals

Women and Retirement: Attitude is Everything

Kerry Hannon has written about women and money since the 1990s and she has been disappointed to see that not a lot has changed since then. Women still earn less than men and are likely to leave work to take care of family members. But she doesn’t feel that these things mean that women, in particular, women over 50, have no recourse when it comes to retirement planning. According to Hannon, attitude makes a difference. In “The Wisest Retirement Solutions for Women,” she writes:

“From my research, I’ve found that the root of the money quandary many

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19 Ways to Withdraw IRA Funds Without Penalty

We’ve covered a lot of ground on how you can access your IRA funds in this blog. Over time I have developed the following list of the ways to withdraw IRA funds without penalty. The penalty for early withdrawal of IRA funds is 10% of the withdrawal, unless one of the exceptions is met.  This list is for Traditional IRAs only. For a similar list regarding early withdrawal from a 401k plan, follow this link.

It is key to note that, although these exceptions allow the distribution of funds without triggering the 10% penalty, in most cases the

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Navigating Your Employer Retirement Plan Fund Choices

Probably the most common mistake made by employees is to allocate an equal amount of money to each of the fund choices. Studies have shown that given ten choices, employees tend to put 10% in each choice. Given five choices they put 20% in each choice. However, doing this means that if four of the choices represent one type of asset and the fifth is unique, their so-called balanced asset allocation is actually split 80/20. If the funds happen to be the other way around, then the asset allocation is 20/80.

The equal proportions methodology builds very poor portfolios. You …

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Paying Down Student Debt Early To Save More Later

When most kids enter college, they never imagined they would be leaving school four or five years later carrying a mountain of debt. They certainly couldn’t know how it would impact their lives, with many struggling, paying down student debt, while living paycheck to paycheck. The average student loan debt for today’s college graduates is $37,000, which will cost them more than $27,000 in interest costs over the life of the loan. That’s $27,000 that won’t be going towards buying a house or starting a family or retirement. You go to college to expand your opportunities, only to have them …

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Retirement Planning Includes Planning Retirement Account Withdrawals

Does your retirement planning include a plan for how you will take withdrawals from your retirement accounts?

You can spend your life saving for retirement with the assumption that once you reach retirement age, your work is done. Or you can recognize that money management continues into your golden years and do some financial planning ahead of time to make it easier.

The Motley Fool highlights “3 Mistakes People Make With Retirement Withdrawals” to help readers avoid missteps after working and saving for many years.

If you wait too long to withdraw money from certain tax-favored retirement accounts, …

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