VIDEO ON MSN MONEY
For the younger crowd, the best thing to know about is alluded to: Substantially Equal Periodic Payments under rule 72t. I've always been obsessed with retiring as early as possible and used to invest in essentially cash accounts for the pre age 59 years. Rule 72t allows you to take a series of penalty free distributions from an IRA pre age 59. If you pay off your house preretirement and limit withdrawals to within the 15% tax bracket limits, maxing out the tax deferred accounts is a much better option than paying taxes now... Plus you gain all the bankruptcy protection and other features. If your plan offers 401k loans, the money is often accessible along the way if needed. That's part of what allows me the confidence to really max out my contribution and limit cash on hand...
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] The S&P 500 (-0.4%) has reclaimed about three points after notching a session low during the opening 15 minutes of the action, while the Dow Jones Industrial Average (-0.7%) remains not far from its worst level of the day.
So far, the price-weighted Dow has been unable to stage a rebound effort due to significant weakness in the top-weighted stock. Visa (V 212.16, -10.58) is lower by 4.8% following its disappointing guidance, while the second and third-largest ... More
More Market News
|There’s a problem getting this information right now. Please try again later.|
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'