Can I Retire Early But Not Collect Social Security?
The concept of early retirement is an appealing one for many individuals. The idea of leaving the workforce ahead of the traditional retirement age to enjoy more leisure time, pursue …
Blog Articles & 72T Distribution Tips
How Do I Choose a Retirement Plan Advisor?
Planning for retirement is a significant financial decision that requires careful thought and consideration. It’s not just about saving money but also about ensuring that you have a steady income …
When Can You Stop 72 t Distributions? Understanding the 72(t) Rule
The Internal Revenue Service (IRS) has established a variety of rules and regulations regarding retirement accounts to ensure that individuals are not exploiting these accounts for purposes other than retirement. …
What is a Good Monthly Retirement Income? A Comprehensive Guide to Planning for Early Retirement
Planning for early retirement is a dream that many of us share. The idea of leaving the workforce while we still have plenty of time and energy to enjoy life’s …
Understanding the Consequences of Borrowing from Your 401(k)
Planning for retirement is a critical aspect of financial health. One common tool used to achieve this goal is the 401(k) plan, a tax-advantaged, defined-contribution retirement account offered by many …
Should I Take a SEPP? Understanding and Calculating Substantially Equal Periodic Payments
Planning for retirement is a critical aspect of financial management. It involves making decisions that will impact your financial stability in the future. One such decision is whether or not …
How to Cash Out 401(k) Without Penalty: A Comprehensive Guide to Borrowing from 401(k)
Retirement savings are a crucial part of financial planning. Among the various retirement savings plans, the 401(k) plan stands out due to its tax advantages and employer matching contributions. However, …
Can I Take More Than My 72(t) Distribution? Understanding SEPP Calculation
Are you considering early retirement, or do you need to tap into your retirement savings before reaching the age of 59.5? If so, you might be wondering about the 72(t) …
Rule 72(t) SEPP-Top 10 Things To Do Now
72(t) SEPP (Substantially Equal Periodic Payments) is a financial planning strategy by which you can take penalty-free withdrawals from your IRA or old 401(k) before the age of 59½. However, …
Rule 72(t) SEPP – Top 10 Things To NOT Do
Here are the Top 10 things you should NOT do when considering a 72(t) SEPP: 1. Do not set up a 72(t) SEPP without consulting with a financial advisor: It …