Millennials are faced with today’s employment situation, which is a lack work opportunities for young professionals. Then there is student loan debt, credit card debt and the idea of their retirement looking very different than today’s retirees. With these distresses early planning retirement should be more important. Source: Jacob Gold, Huffington Post
According to this Yahoo! article, Leonard Smith worked closely with his financial advisors and attorneys to ensure his children received the balance of his retirement funds after he died. Smith lost his battle with cancer in 2008. Unfortunately, a mistake ruined his plans. Smith’s family members noticed a year after his death that his IRA … More Mistake Cost Loved Ones $400,000 of an IRA Inheritance
As the term suggests, retirement savings are generally used once you reach retirement age — which the IRS defines as 59 ½ years or older. However, there are some special circumstances under which you might be able to use money in your retirement accounts early, and without paying an early withdrawal penalty. Some of these … More Five Perfectly Legal Ways to Use Your Retirement Savings Early
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