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 [...]
Wow this video is awesome and a real eye opener, presented in 2009 on CBS News 60 Minutes by Steve Kroft. It shows in many ways how the 401k system has failed the American people, especially those nearing retirement or currently in retirement. Although there is an enormous amount of credible data to support rolling [...]