Social Security Will Go Broke in 21 years
Source: Wall Street Journal 4/24/12 Reported yesterday that earlier estimates were 24 years, but now 21 years. If reserves for disability benefits were combined with retirement, reserves would be...
View ArticleRetiree Health Care Costs Increasing
According to a study by Fidelity Investments a couple retiring this year will incur $250,000 in costs not covered by Medicare Parts A and B. Those with medi-gap or employer based retiree health...
View ArticleNot Well Known Veteran’s Benefit
If you are a veteran who served in active duty, you may be eligible for a monthly VA pension. This is a benefit that I just heard about, and a lot of people are eligible for it, and since it isn’t...
View ArticleTraditional IRA Review and 2012 Contribution Limits
Individual Retirement Accounts or IRAs came on the investment scene with the enactment of the Employee Retirement Security Act (ERISA) in 1974. These individual retirement plans provided a reduction in...
View ArticleRoth IRA Review and 2012 Contribution Limits
The old or traditional Individual Retirement Accounts or IRAs came on the investment scene with the enactment of the Employee Retirement Security Act (ERISA) in 1974. These individual retirement plans...
View ArticleIRA Withdrawal Rules
Traditional IRAs which I wrote about a few days ago are good for supplementing ones retirement, providing current tax deductions, and growing tax-deferred until retirement. However, when someone wants...
View ArticleRoth IRA Withdrawal Rules
Roth IRAs which I wrote about a few days ago are good for supplementing one’s retirement and growing tax-deferred until retirement. This article doesn’t cover the rules regarding IRAs that were...
View ArticleLife After Foreclosure, Other Personal Finance Headlines
Interesting articles worth checking out: Homeowners qualifying for new mortgage after short sale. Auto purchasing and the various fine print costly add-ons. Estate planning: Naming a trustee for your...
View ArticleHow to Withdraw Needed Funds from and IRA or Inactive 401(k)
Question: I lost my job several months ago, and have exhausted my savings. However, I have some money in a 401(k) Plan from an old employer. I need to get to some of it to pay my rent, but I don’t want...
View Article2013 IRA and Retirement Plan Contribution Limits
The Internal Revenue Service (IRS) recently published the new rules for contributions into retirement plans and IRAs for 2013. Some of these numbers have increased. They are good for you to know if you...
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