Archive - October 9, 2017

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19 Ways to Withdraw IRA Funds Without Penalty
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Navigating Your Employer Retirement Plan Fund Choices

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. ┬áThis 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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