Author - jim@blankenshipfinancial.com (Jim Blankenship)

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19 Ways to Withdraw IRA Funds Without Penalty
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Paying Down Student Debt Early To Save More Later
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5 No-No’s for IRA Investing
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Comprehensive Financial Planning – Explained
5
The Only Thing Permanent is Uncertainty

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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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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5 No-No’s for IRA Investing

It is generally well-known that in an IRA account you have a wide range of investment choices. These choices are typically only limited by the custodian’s available investment options.  However, there are specific prohibited transactions that cannot be accomplished with IRA funds. Often these prohibited transactions can cause your IRA to be disqualified, which can result in significant tax and penalty, along with loss of the tax-favored status of the funds.

What’s Not Allowed for IRA Accounts?
  1. Self-Dealing.  You are not allowed, within your IRA, to make investments in property which benefits you or another disqualified person.  A disqualified person
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Comprehensive Financial Planning – Explained

albert-and-the-puzzle-by-emdotFrom time to time, the question is asked of me: What exactly makes up a comprehensive financial planning engagement?  Since you know from reading about my practice that I operate in an hourly, fee-only fashion, you should know that a truly comprehensive financial planning engagement requires 10 to 15 hours of effort (or more) by the financial planner.

What exactly makes up a comprehensive financial planning engagement?

Each individual situation is going to be different, and so your mileage is likely to vary from my explanation.  What I’ll do, as a starting point, is list out the areas that are …

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The Only Thing Permanent is Uncertainty

For the last few months we’ve experienced some uncertain and unnerving events across the US and the globe. Presidential elections, threats of war, terrorism, and political arguing can make weathering your portfolio and financial plan uneasy, if not difficult at times.

Add that to the daily responsibilities of your occupation, family, and finances, and we can potentially lose sight of our long-term goals and be susceptible to short-term thinking that may derail our goals and take us off-track from our financial well-being.

Financial planners, wealth managers, advisors, are not immune to this uncertainty and the impact it has on our …

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