In a previous post, we discussed IRS Rule 72t “equally substantial distribution” which allows for early withdraws from your retirement savings program like an IRA or 401k / 403b employer sponsored retirement savings plan. The 72t rule allows for these early withdraws (prior to age 59 ½ ) without the 10% penalty. IRS age 55 [...]
The IRS rule 72t “equally substantial distribution” provides a means to access retirement savings that are currently in a 401k, 403b, or IRA retirement savings plan prior to age 59 1/2 without incurring the 10% penalty. Here is how it works. If the money you would like to access is in a 401k or 403b [...]
This morning I read an article in Moneynews.com written by award winning journalist Arnaud de Borchgrave. His article titled “U.S. Economy Faces Severe Risk”, in De Borchgraves article he sites America’s dependence on foreign loans that average between two to three billion dollars a day! And the fact economist are warning that many states including [...]
The most powerful tool in the tax code providing for tax-free income is not your 401k or a Roth IRA. The most powerful tool in the tax code for Tax-Free income and tax-free inheritance is Life Insurance (see video). Yes life insurance, Life insurance provides for tax-free income in the form of loans you make [...]
In today’s mail I received my copy of Aftershock “Protect Yourself and Profit in the next Global Meltdown” by David Wiedemer, PhD, Robert Weidemer and Cindy Spitzer. I have been anticipating this book for weeks after hearing some of the excerpts concerning predictions that the worst of the financial meltdown was yet to come. And [...]