No More Unlimited 60-Day Rollovers In an earlier post, I explained how one could take a continuous, tax-free, penalty-free loan from their IRAs. Since you can remove money from an IRA and use the funds for 60 days per year, if you had 6 IRAs, then you could have a year-round tax-free, penalty-free loan to yourself (6 x 60=360 […]
Categories: IRA Early Withdrawals Tags:
This short video summarizes trends in retirement age in the US and shares some statistics. The more detailed posts on this issue can be located here.
Categories: retirement age Tags:
Devalued stock portfolios, vanishing pension funds and worries about Social Security funding is spelling significant financial insecurity for some members of the baby boomer generation. But unlike their parents, who wanted to quit working and stay put during retirement, baby boomers are ready to move and hit these challenges head-on. According to the New York Times, large numbers of baby […]