MoneyTips Are you planning on pushing your retirement age out as far as possible, or continuing to work part-time during your retirement years? A growing number of people are following this path, driven partly by enjoyment of their work and partly by economic necessity. In addition, since people are living longer in general, retirement may
401(k)
In general, early withdrawal of funds from your retirement account is a bad idea. Not only are the withdrawals taxed at your current income rate, but you will also pay a penalty of 10% on the withdrawn amount.
However, there are some financial circumstances where early withdrawal is needed – and if you are in
Retirement is approaching. Do you have a comprehensive overview of your retirement funds and how you will manage them when you actually do retire? A surprising number of people do not know much about their retirement funds other than that they exist. Some don’t even realize how many sources of retirement funds they have. This