IRS Rule 72t

According to Investopedia An Internal Revenue Service (IRS) rule that allows for penalty-free withdrawals from an IRA account. The rule requires that, in order for the IRA owner to take penalty-free early withdrawals, he or she must take at least five “substantially equal periodic payments” (SEPPs). The amount depends on the IRA owner’s life expectancy calculated with various IRS-approved methods. The IRS Rule…

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Mutual Fund Perfomance – Infographic

In case you weren’t aware, mutual fund performance has been abysmal over the past decade. The graph represents the total number of mutual funds available (a little over 7,000) and the total number of funds that performed better than the S&P 500 each year for the past 10 years.   That was fun!  I’m sure…

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401k Alternatives

401k plans have become as common as carrying a cell phone. It seems like everyone has one, or a form of it anyway. For those that aren’t familiar with exactly what they have, here is what a 401k actually does for you: 1. Defers taxes – Instead of paying taxes today, you can postpone those…

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Important Financial Decisions After Obama’s Reelection

Obama won the election and as such we have to at least consider what that means to each of us financially speaking.

Now more than ever you need to look at what you are doing with your money, and find ways to keep it safe and out of the tax loop.

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