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...
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[BRIEFING.COM] Equity indices remain in negative territory with the S&P 500 trading lower by 0.4%. Eight sectors find themselves in the red at this time, while the countercyclical telecom services (+0.1%) and utilities (+1.2%) have bucked the trend.
On the flip side, the industrial sector (-0.9%) remains at the bottom of the leaderboard after slipping out of the gate. The top sector component-General Electric (GE 25.52, -0.27)-sports a loss of 1.1%, while transport stocks also ... More
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